Scottish based energy company, Together Energy, has secured £18m investment from Warrington Borough Council which will enable the company to supply its customers with green electricity in the future.
This significant investment will see Warrington Borough Council take a 50% shareholding in the business. The local authority was attracted to the Clydebank-based company because of its unique industry business model which offers opportunities to young disadvantaged people, and its shared belief in disrupting the energy sector.
Earlier this year, Warrington Borough Council announced plans to become the first Council in the UK to generate its own renewable electricity following investment in two new solar farms in York and Hull.
A new Board of Directors will be created for Together Energy, alongside new jobs in Clydebank and an immediate 30 new jobs in Warrington, as the company embarks on ambitious growth plans. Paul Richards will remain Chief Executive and a new office will be established in Warrington.