Energy UAE’s Esyasoft to buy UK provider Good Energy By Neil Halligan January 28, 2025, 3:42 PM Pexels/Vintage Laka Esyasoft has offered to buy UK-based Good Energy, which says it uses 100 percent renewable sources $123m agreed price Subject to approval Good Energy has 245,000 customers Energy company Esyasoft has agreed to acquire UK renewable electricity provider Good Energy for almost £100 million ($123 million) at 490p per share. The deal, which is subject to shareholders’ approval, represents a premium of 66 percent on Good Energy’s closing price on October 25, the last trading day before the start of the offer period. Good Energy, which was founded in 1999, supplies 100 percent renewable electricity to 245,000 household and business customers in the UK. It also provides green technology services, including solar panels, heat pumps and electric vehicle charger installations. Nigel Pocklington, Good Energy’s CEO, said: “Esyasoft’s financial resources, in addition to its presence in new markets, present a significant increase in our potential.” Bipin Chandra, CEO and founder of Esyasoft Holding, said: “We believe we can support Good Energy in accelerating delivery of its purpose and growth ambitions.” Masdar gets contractors on board for $6bn energy project Aramco chief expects extra oil demand of 1.3m bpd China renewables pivot to Middle East to avoid Trump tariffs Esyasoft said it plans to grow Good Energy’s customer base to become a UK market-leading business and roll out products and services internationally, particularly in countries where Esyasoft has a presence. The company has headquarters in Dubai and is a subsidiary of Abu Dhabi-based holding technology company Sirius, a unit of Abu Dhabi conglomerate International Holding Company. Esyasoft specialises in software for energy management and utility infrastructure, working with large utility companies in the UK, Europe, UAE and India. Its smart meter data management platform serves more than 25 million consumers, which it says is projected to grow to 50 million by 2026.