Member Article

Uplift in power generation sector fuels expansion for Teesside's EnAppSys

Energy sector monitoring firm EnAppSys has purchased new premises on Preston Business Park, near Stockton, to accommodate its growing business.

The firm, which provides cloud-based market monitoring and consultancy support to power stations, trading firms, investors and market commentators, was previously based on Yarm High Street but with staff numbers more than tripling in the last four years, the company sought a larger base.

Achieving 60% turnover growth year-on-year, during the same period, EnAppSys has enjoyed growing demand for its market intelligence services as Founder Phil Hewitt explains.

Phil said: “Changes in the power generation sector has increased the complexity of the market and has considerably increased the demand for high quality data analysis and information.

“This growth has prompted the expansion of our team of advisers and the development of new monitoring and analysis tools to help those in the energy sector to better understand the market, make investment decisions and manage their trading positions.

“We are now including the Continental European energy market in the services we offer and hope, through coverage of the global gas market, to extend our offering beyond Europe.”

Among the services and products provided by EnAppSys are modelling new generating assets, market reporting and data processing, alongside specialist areas such as energy price and renewable generation forecasting.

The company expects to continue its expansion in the coming years and potentially play a larger role in the European markets.

Paul Verrill, director, added: “We have secured customers in the UK, Ireland and in continental Europe, as well as from further afield such as the USA. As a result we now serve some of the largest and most important customers in this sector.

“Our North-East base has worked well for us, giving us access to the excellent talent and skills in the energy sector that exist in the region and also provides a quality of life that allows us to attract excellent people into our company.

“With our growth we are looking to continue to hire staff and open an office in Europe in the near future.”