Bulb (Company)
| Founded | 2014 |
|---|---|
| Headquarters | London, United Kingdom |
| Key people | Hayden Wood (Co-Founder, CEO) Amit Gudka (Co-Founder, COO) |
| Industry | Gas, Electricity |
| Website | bulb |
| Alexa rank | 21,256 [1] 18 June 2019 |
| Current status | Active |
Bulb is a B Corp certified energy supplier in the United Kingdom. Founded in 2014 by Hayden Wood and Amit Gudka..[1], Bulb provides green energy while competing with other suppliers to disrupt the Big Six energy suppliers in the UK energy market. Bulb currently supplies 1,300,000 homes around the UK, composing about 4% of the market[2] . The company has been awarded for its customer service and environmental consciousness[3].
History[edit]
Bulb was founded in 2014 after Wood and Gudka saw an opportunity to improve the UK energy industry[4] After quitting their jobs, the pair officially launched the company in August 2015 with the aim of allowing people the choice of energy that is “reliable, affordable and renewable[5].”
In May 2016, Bulb became the first UK energy supplier to receive a B Corporation certification[6], an indication of high social and environmental performance.
Bulb began covering customer exit fees as the first in the UK energy market to do so, subsequently gaining the status of being the UK's most highly rated energy supplier on TrustPilot in 2017.
In August 2017, Bulb announced that it had reached 100,000 members.
Bulb began supporting prepayment meters in May 2018[7] and crediting feed-in tariffs the same year. The company also received the UK Startup Award for startup of the year later that month[8].
Awards/Accolades[edit]
- Startups UK 100 7 2017[9]
- UK business angels award[10]
- Startups UK 100 1 2018[11]
- Which? Answering the phone[12]
- Hayden and Amit EY entrepreneurs of the year[13]
- Lotus Award[14]
- uSwitch supplier of the year runner-up 2018: Best value for money
Fuel Mix[edit]
The electricity supplied by Bulb is 100% renewable, with 45% of that energy is solar power and the majority of the remaining 55% comes from wind and hydro power. All of Bulb's generators are located in the UK[15]
Bulb's gas supply is 10% renewable and fueled by feedstock, known as biomethane.
Generation[edit]
| Name | Location | Type | Capacity |
|---|---|---|---|
| Beochlich Hydro | Loch Awe, Argyll, Scotland | Hydro | 1,0MW |
| Inverar Hydro | Invervar, Glenlyon, North Perthshire | Hydro | 1,2MW |
| Allt Fionn & Derrydarroch Hydros | Glenfalloch, Nr Crianlarich, Stirling | Hydro | 2,0MW |
| Inver Hydro | Inver Hydro, Isle of Jura | Hydro | 2,0MW |
| Brenig Hydro | Llyn Brenig | Hydro | 60kW |
| Vulcan Biogas at Huggin Farm | Doncaster, England | Anaerobic Digestion | 500kW |
| Warthill Farm | Warthill Farm, Bitterly | Biogen | 475kW |
| Tyn Y Cornel Hydro | Tal-y-Ilyn, Wales | Biogen | 0.1MW |
| Oak Grove Solar Farm | Monmouthshire, Wales | Solar | 5MW |
| Icknield Gas | Icknield Farm, Ipsden | Biogen | 342kW |
| Apsley Farms Biogas | Andover, Hampshire | Anaerobic Digestion | 13MW gas and 1.1MW electric |
Charity work/Community involvement/Partnerships[edit]
In October 2016, Bulb began donating £2 to Trees for Cities for every switch to Bulb as an energy supplier[16]. As of March 2018, the company had donated £700,000 pounds.
References[edit]
- ↑ Chris Elvidge. "The New Starters". Mr Porter. Retrieved 18 June 2019.
- ↑ Oliver Smith (5 March 2018). "Bulb: The Bright Startup That's Shaking Up Britain's £54bn Energy Market". Forbes. Retrieved 18 June 2019.
- ↑ Oliver Smith (5 March 2018). "Bulb: The Bright Startup That's Shaking Up Britain's £54bn Energy Market". Forbes. Retrieved 18 June 2019.
- ↑ "Bulb About Page". Retrieved 18 June 2019.
- ↑ Billy Wood (16 May 2016). "New green tech startup Bulb aims to take on 'Big Six' energy suppliers". BDaily. Retrieved 18 June 2019.
- ↑ Michael Holder (13 July 2016). "Bulb becomes first UK energy supplier to gain B Corp status". BDaily. Retrieved 18 June 2019.
- ↑ "Can I switch to Bulb with a prepayment meter?". Retrieved 18 June 2019.
- ↑ Megan Dunsby (21 May 2018). "Startups 100 2018: The UK's best and brightest start-ups in one definitive index". Startups.co.uk. Retrieved 18 June 2019.
- ↑ Megan Dunsby (21 May 2017). "Startups 100 2017: The UK's best and brightest start-ups in one definitive index". Startups.co.uk. Retrieved 18 June 2019.
- ↑ UK Business Angels Association (6 July 2017). "Winners announced for UKBAA Angel Investment Awards 2017". Retrieved 18 June 2019.
- ↑ Megan Dunsby (21 May 2018). "Startups 100 2018: The UK's best and brightest start-ups in one definitive index". Startups.co.uk. Retrieved 18 June 2019.
- ↑ Sarah Ingrams (16 November 2017). "How long does your energy company keep you on hold?". Which.co.uk. Retrieved 18 June 2019.
- ↑ "2018 regional finalists". EY. Retrieved 18 June 2019.
- ↑ "Lotus Awards Winners 2018 for Company Culture & Sustainability". LotusAwards. Retrieved 18 June 2019.
- ↑ "Supplier Fuel Mix". ElectricityInfo. Retrieved 18 June 2019.
- ↑ "How to build an Edible Playground". Bulb. Retrieved 18 June 2019.
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