BGF, a UK and Ireland investor, has completed a multi-million-pound investment in Stark, a leading provider of energy data and analytics services, based in Horley, Surrey.
Established 40 years ago, Stark collects, processes, assures and distributes data representing around 20% of the UK’s electricity supply, every day. It serves over 30,000 organisations including large energy users, intermediaries and energy suppliers – large and small. The company employs over 280 people from its four offices across the UK.
Funding from BGF will be used to consolidate and expand Stark’s data, analytics and metering service offering as well as address emerging data-driven opportunities around the integration of electric vehicles, storage and the delivery of Net Zero, both in the UK and internationally.
Alongside the investment, Steve Jennings, former Head of Energy and Utilities at PwC and NED of BGF portfolio company, Cornwall Insight, has been appointed to the board. Jennings’ appointment is the result of an introduction from BGF’s Talent Network, which is the UK’s largest pool of non-executive directors.
Joel Stark, Executive Chairman of Stark, said: “The funding from BGF is a huge step forward for Stark – helping us scale faster and meet our goal of empowering businesses to hit ‘net zero’ emissions through clearer and more timely data and insights. BGF’s expertise in the field of cleantech and its commitment to sustainable investments made it the natural partner to facilitate our growth plans.”
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