24th December 2018

Calvin to provide funding for Bulb’s Smart Metering programme

Calvin Capital is delighted to announce that it has signed a contract with Bulb to provide funding and MAP services for its Smart Metering programme.

Under this partnership Calvin Capital will provide the funding for the purchase and installation of Bulb’s current Smart Metering requirements to meet the UK Government’s mandated plans for Smart Meter deployment.

This is another contract win for Calvin within the rapidly growing independent supplier sector and follows the successful adaptation of its funding methodologies, which have been developed to support a range of energy suppliers of varying sizes.

“Calvin Capital is excited to be working closely with Bulb, one of the fastest growing and innovative independent energy suppliers in the UK market. We are very pleased with this partnership and we look forward to building on our strong relationship with Bulb as it continues to deliver excellent customer service and innovation in the sector.” Said Bert Pijls, Calvin Capital’s Chief Executive Officer.

“We're really excited about how Smart Meters will help make Bulb more useful to our members. We’re delighted to announce that we will be partnering with Calvin Capital to accelerate our Smart Meter roll out. Every meter we install will help us on our mission to help our members cut their carbon emissions as well as their bills.” Said Hayden Wood, Bulb’s Chief Executive Officer.

Calvin Capital, is based in Manchester and is one of the UK’s leading owners and financiers of domestic gas and electricity meters and has been successfully providing support for energy suppliers’ metering deployments since 2002. Calvin Capital is owned by funds managed by Kohlberg Kravis Roberts, a global investments firm which manages over $195bn of assets across multiple sectors.

Bulb was founded in 2014 as a UK independent Energy Supplier with a focus on offering their customers simpler, cheaper and greener energy.