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OVO Energy
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Short description

OVO is an independent energy supplier based in the UK

Founded in 2009
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy services

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Bristol, United Kingdom
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Parent Companies OVO Energy

Updated by Shula Smith at Ovo Energy on 06/23/2014

Edited by Cleantech Group on 09/25/2023

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Date Company
Partnerships
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Date Partner Type
07/28/2022
South Pole Carbon South Pole Carbon
OVO Energy and South Pole are collaborating on developing a methodology to calculate carbon emissions avoided by switching to low carbon solutions, including EV's or a heat pumps.
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Confirmed by South Pole Carbon
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IPO INFORMATION

Date

IPO status

IPO Type

Amount

Initial shares

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Source

Description

Date Investors Type Amount
07/21/2023 Mayfair Equity Partners Mayfair Equity Partners , Morgan Stanley Morgan Stanley (2)
Post-money valuation of
Mayfair and Morgan Stanley increase their investment in Ovo after Ovo announced £20 million (EBITDA)
Buyout / Late-Stage Private Equity $247,844,000
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Product image Name Product status Revenue model Cost metrics

Commodity

Gas and Electric

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
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