UK Power Reserve included in The Leap 100 2016: The definitive list of fast-growth companies
Inflexion is pleased to announce that its portfolio company, UK Power Reserve, has made it on to The Leap 100 2016 – a list of the 100 most exciting, fast-growth companies in the UK, launched by Mishcon de Reya and City AM. All the companies selected have demonstrated substantial growth over the past 12 months and been identified as the ‘ones to watch’ for 2016.
UKPR is the largest player in the UK’s gas-fired reserve power market, having secured the most megawatts (MW) of new-build gas-fired distributed generation contracts in each of the first two capacity market auctions. The firm is a key contributor to the UK’s electricity security of supply, working closely with National Grid to manage peaks in demand, and with the UK government to avoid future shortfalls in electricity generation.
Tim Emrich, founder and CEO of UKPR, said: “We’re proud to be on this year’s Leap 100 list which demonstrates the immense importance of the service we provide to the UK as we help to ‘keep the ‘lights on’. Since the start of 2015 we have more than doubled our team as we ramp up to quadruple the size of the business, adding in excess of 500MW of new gas-fired power stations across the UK, helping to ensure that electricity is available when it is most needed.”
The Leap 100 companies, which range in terms of scale and sector, were chosen because of their growth potential and ability to make the leap to the next level in terms of revenue. Click here for the full list.