Burges Salmon advises Osaka Gas on strategic £20m investment in Igloo Energy

The firm’s Energy team has advised global integrated utility company Osaka Gas UK Ltd on its strategic investment of up to £20 million in challenger energy supplier, Igloo Energy

19 December 2019

The investment is set to support Igloo’s high-speed growth and accelerate the development of its home services marketplace Igloo Works, which aims to reduce how much energy its customers consume at home.

Founded in 2017, Igloo disrupts the traditional energy supply model with its proposition to help customers use less energy by utilising smart home technology to monitor consumption and deliver personalised and easy-to-understand energy efficiency recommendations. It now supplies over 85,000 residential customers across the UK.

This year, Igloo Works was launched as a home services marketplace providing UK residences with smart thermostats and hybrid heating technology solutions, specially tailored to meet the specific requirements of individual homes.

Osaka Gas serves over six million residential and C&I customers in Japan and is one of the leading installers of domestic combined heat and power (mCHP) boilers. The company boasts significant experience in rolling out alternative heating technology at scale and the strategic partnership will be invaluable to Igloo in achieving its ambitions in the UK.

Kenji Oida, Management Director of Osaka Gas UK Ltd, comments: “We are very grateful for the UK energy legal guidance provided by the specialist lawyers at Burges Salmon who helped us steer this strategic investment to a conclusion.”

The Burges Salmon team advising Osaka Gas on the strategic investment was led by partners Camilla Usher-Clark and Ross Fairley with associate Danny Perera and senior associate Alec Whiter.

Camilla says: “We are delighted to have advised Osaka Gas on its strategic investment in Igloo Energy.

“Igloo is committed to helping customers move away from fossil fuels, which is critical in reducing the impact of climate change. The partnership with Osaka Gas is an important step to Igloo achieving its strategic vision through the provision of demand-side energy flexibility.”

Key contact

Camilla Usher-Clark

Camilla Usher-Clark Partner

  • Corporate
  • Energy, Power and Utilities
  • Co-operatives

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