(NewsDirect)
Good Energy Group PLC (AIM:GOOD) CEO NigelPocklington speaks to Thomas Warner from Proactive London about thecompany's strategic shift away from clean power generation towardthe provision of clean energy-related services.
Pocklington explains the rationale for theshift in approach, which he says aligns with the company's missionto address climate change more effectively. He highlights thecompany's evolution from developing renewable energy facilitieslike solar parks and wind farms to focusing on higher margin marketslike solar and heat pump demand.
Good Energy's divestment from certain assets has fortifiedits balance sheet, providing capital for new ventures and positioningthe company as a robust player in the renewable energy sector.Pocklington also highlights Good Energy's significant stake inZapMap, the UK's leading app for electric vehicleplanning.
Pocklington discusses the benefits of thecompany's strong cash position, which allows it to withstandmarket shocks and to invest in future growth areas. Looking ahead,Good Energy plans to expand its solar panel installation capabilitiesand enhance services that facilitate the adoption and use of renewabletechnologies. This strategy includes participating in national gridflexibility trials and offering competitive feed-intariffs.
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