The story
Founded by Dale Vince on Apr 1, 1996.1
Ecotricity was started by Dale Vince in 1995 as Renewable Energy Company Limited, with a single wind turbine he had used to power an old army truck in which he lived on a hill near Stroud.
Vince later went on to build commercial wind-monitoring equipment, which the company still makes today, using the name Nexgen. Ecotricity started generation with a 40-metre turbine in 1996, which at the time was the largest in the country.
In 2007, Vince ran an advertisement on the back page of The Guardian newspaper inviting Richard Branson to his house to discuss solutions to climate change over a carbon-free breakfast. The ad ran the day after Branson appeared on TV with American former vice president Al Gore, who had managed to persuade Branson that climate change was an issue. The ad included Vince's personal mobile phone number.
Ecotricity was a winner in the 2007 Ashden Awards for sustainable energy. The awards congratulated Ecotricity for its environmental contribution, saying: "The company's turbines are delivering 46 GW·h/yr of renewable electricity and avoiding around 46,000 tonnes of CO2 emissions a year. The installed capacity is expected to double by the end of 2007."
In July 2009, Ecotricity started legal proceedings against French power company EDF Energy for the alleged misuse of the green Union Flag logo, used to promote EDF's Team Green Britain campaign. Ecotricity had previously used a green Union flag in its own advertising and claimed confused customers had contacted it to ask why Ecotricity was co-operating with EDF.
In January 2012, it was announced that Ecotricity has invested in the development of Searaser pump-to-shore wave energy machines, and in June said they were to be deployed in the autumn of that year. In October 2014, Ecotricity and marine consultants DNV GL were moving from laboratory trials to sea trials.
In 2013, Ecotricity's electricity supply became 100% renewable, rather than a mix.
In October 2014, it was announced that Ecotricity had partnered with Skanska to build and finance new turbines, which added a further 100 MW to its existing 70 MW capacity, The following month, the company decided not to attempt new planning applications in England because of the political climate, instead concentrating on Scotland. It went on to spin its small turbine manufacturer out into a subsidiary called Britwind, which, in collaboration with a local company, offered free electricity to crofters in return for installing a small turbine, keeping any excess power generated.
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In March 2015, Ecotricity announced it had refinanced its existing wind farms with the aim of using the extra capital to expand production to 100 megawatts by November 2016.
In 2016, Ecotricity had approximately a 25% shareholding stake in competitor Good Energy, which has been sustained to 2020.
In the 2017/2018 financial year the company had a turnover of £176 million, with a gross profit of £55 million and a loss on ordinary activities before tax of £4.9 million, but after charges and revaluation of investments had a "Total comprehensive (loss) for the year" of £9.5 million. It gave £416,000 to charity.
In 2018, the UK government used a green union flag for a promotion, which lead Vince to file a lawsuit for copyright infringement due to the similarities to the logo of Ecotricity. The case was settled in 2020 and the government agreed to not use the flag again.
By 2019, the company had 200,000 customers. A corporate restructure in 2020 created Green Britain Group Limited; the company's directors are Dale Vince and Kate Vince, and its subsidiaries include Ecotricity Limited and Forest Green Rovers Football Club Limited.
In January 2021 the company agreed to buy 3 Megawatt-hours yearly from United Downs Deep Geothermal Power, the UK's first geothermal plant. In summer 2021, Ecotricity made a bid to take over Good Energy, where it already owned 27% of the shares, which was rejected.
In April 2022, Dale Vince stated an intention to sell the company. It was reported that the company planned to build a further 2,500 MW of renewable energy generation, which would require investment of some £2 billion.
In May 2023, Asif Rehmanwala was appointed as the CEO of Ecotricity and the Green Britain Group.
In December 2023, Ecotricity donated £1 million to the UK Labour Party.
In October 2024, Ecotricity Group Limited took a controlling stake in regional airline Ecojet which was previously held by Dale Vince.
In July 2025, Ecotricity had around 167,000 customers.
From Wikipedia’s article on Ecotricity, shared under CC BY-SA 4.0.5