Founded in 1998, incorporated in the UK, and listed on AIM in 2006, Flowgroup (formerly Energetix Group) is an energy company aiming to take advantage of seismic shifts in the UK home energy market to become one of a new generation of large energy supply businesses.
The Group was originally founded to commercialise its patented microCHP technology, in the form of the Flow boiler, a domestic, electricity-generating boiler. In 2013, it launched its home energy business, Flow Energy. The rapid success of Flow Energy, and changes in the UK marketplace for its microCHP technology, caused the Group to refocus its strategy on aggressively growing Flow Energy and pursuing commercialisation of its microCHP technology with selected partners in the European market.
Exchange: London AIM (FLOW)
Financial data from Exchange website: LSE Summary
Recent Financial Report: Directorate changes
Flow Energy launched in April 2013 and grew steadily throughout 2013 and 2014. In 2015 the Group took the decision to significantly grow Flow Energy as it believed that the current domestic energy market is favourable to the growth of challenger suppliers and the demand for a variety of energy related products and services has increased.
In order to take advantage of this seismic shift in the market, Flow Energy signed a wholesale trading agreement with Shell Europe Energy Ltd in December 2015. Under the terms of the agreement, Shell provides access to wholesale energy (gas and electricity) on extended credit terms and without the requirement for cash security deposits. This removes one of the biggest barriers to growth (the requirement to post collateral) and is a competitive advantage that the majority of other challenger suppliers don’t enjoy.
During 2015, Flow Energy grew from 66,000 customer fuel accounts to 100,000 customer fuel accounts. Following the agreement with Shell, Flow Energy grew from 100,000 customer fuel accounts to 250,000 customer fuel accounts by the end of 2016. The Group believes that it can continue to grow throughout 2017 and beyond by offering a compelling mix of competitive prices and excellent customer service – Flow ended 2016 as the only supplier good enough to be a Which? Recommended Provider for energy.
For general enquiries about Flowgroup call on
0203 137 4466 or
For investor enquiries contact
Paul McManus, Walbrook PR
Tel: 020 7933 8780
Head office address
48 Felaw Street
Chairman: Alan C Lovell
Short Description: Retail energy supplier