Eon acquires stake in residential solar energy firm

Eon has acquired a 49% stake in Eco2Solar, a market leader in residential solar energy for property developers and new-build housing.

Eco2Solar works with many of the large home builders across the UK and has installed solar panels on thousands of new homes.

This has allowed developers to meet planning and building regulations and build homes fit for the future, as well saving money and reducing carbon emissions for clients and homebuyers.
It also installs battery storage and electric vehicle chargers for developers, social housing and commercial buildings.

Eco2Solar chief executive Paul Hutchens said: "Eco2Solar is really pleased to have Eon on board.

"Together we will be much stronger, and Eon’s international presence and breadth of solutions will enable us to accelerate our vision to make solar standard on all new buildings, as well as creating homes and communities as energy hubs.

"Eco2Solar will continue to operate independently and our focus remains the same: to install solar PV, battery storage and other smart electrical technologies for the new build housing market across the UK."

Eon UK chief executive Michael Lewis added: "The UK needs to push on at speed if we are to meet our ambitious zero carbon targets.

"The houses we live in now and the ones we will build for the future will be key to achieving those goals.

"Eco2Solar have proved themselves to be well equipped to support developers in their sustainability needs and they are a great fit with what we are trying to achieve for our millions of customers across Eon; making energy smart, personalised and sustainable in their homes, businesses and across entire communities."