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Transactions - OCTOBER 2, 2020

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Conrad Energy acquires Viridis Power

by Released

Conrad Energy has agreed to acquire Viridis Power, more than doubling its share of flexible generation for the U.K. power market, and bringing its operational portfolio to over 440 megawatts at 28 sites across the United Kingdom and equivalent to the average hourly electricity needs of 1 million homes.

The acquisition further strengthens the power generation, trading and operational capabilities of Conrad Energy, which specializes in innovative energy solutions that provide critical grid support. Conrad already provides commercial customers with solutions for their energy needs, including flexible generators, storage and solar. This support will be critical as the United Kingdom integrates more renewable sources into its energy mix and to mitigate the fluctuations in electricity consumption patterns from COVID-19.

Alongside Conrad Energy’s generation capacity, the company is deploying battery technology that can store up to four hours of electricity to supply power d

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