Fort heating specialist under new ownership
FORT WILLIAM biomass heating specialist HWEnergy is under new ownership.
Aggregated Micro Power (AMP) Holdings plc has become the majority shareholder in the company, which currently employs 45 people.
It is said the company will remain an independent and standalone business.
AMP, an energy company specialising in the sale of wood fuels through its Forest Fuels business and the development of energy projects including biomass boiler ESCOs (Energy Supply Contracts), currently has £66 million of energy assets under management.
Bruno Berardelli, managing director of HWEnergy, said: ‘ We have entered into this relationship with AMP as we believe this provides a range of opportunities for our clients, our company and our stakeholders.’
Established in 2003, the firm has installed more than 300 commercial-sized biomass installations from Shetland to London. The company has its headquarters in Fort William, with another office in Bellshill. HWEnergy is entering into the partnership with Forest Fuels to grow a biomass service and heat supply business in England and Wales. The two companies will be managed from HWEnergy’s Fort William headquarters.
Mr Berardelli added: ‘AMP’s vision for the development of decentralised energy provision is one which we believe will benefit the economy of the country, help reduce carbon emissions from energy production and provide numerous benefits to clients.