Energy retrofit firm secures deals worth £40m

Liverpool city region energy retrofit firm Next Energy secures deals worth £40m to deliver energy efficiency improvements to homes across the north of England. Tony McDonough reports

Next Energy
The team at Next Energy in Kings Business Park, Prescot.


Merseyside energy retrofit firm Next Energy secures multiple deals totalling £40m to deliver energy efficiency improvements to homes in the North West and North East.

Based in Prescot, Next has won the contracts as part of the Government’s Social Housing Decarbonisation Fund Wave (SHDF) and Home Upgrade Grant (HUG2) initiatives.

It will work with some of Merseyside’s most prominent social landlords including Plus Dane Housing and Livv Housing Group. The firm is also contracted with Cheshire East Council and Manchester City Council respectively.

Contracts will alsol be delivered on behalf of several national social housing providers – servicing more than 4,000 homes across a two-year period.

Next Energy will be installing solar PV panels and air source heat pumps, plus cavity wall, external wall and loft insulations, as well as floor, roof and internal wall retrofits. The firm will also provide window and door replacements.

Retrofitted households could save up to an average of £567 per year whilst also protecting their homes against rising energy costs.

Next Energy was established in 2016 in response to the government’s net zero ambitions. Since its inception, the company has gone on to become one of the UK’s leading renewable insulation heating specialists.

According to its most recent accounts filed on Companies House for the year to March 31, 2023, the company reported revenues of £39.7m and pre-tax profits of just under £10m.

It has worked with providers such as British Gas, E.ON, NPower and OVO Energy to help meet the targets set under the Energy Company Obligation (ECO) Scheme.

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Lee McNally, director at Next Energy, said: “Our partnerships with Combined Authorities and housing associations means we can continue to help make homes more energy efficient, bring down household bills and do our bit to tackle the climate crisis.

“As it stands today, more than 3m UK households are currently living in fuel poverty. Pair this with the growing number of harmful carbon emissions damaging our planet, and the need for properly insulated homes has never been more important.”

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