29.05.2019

Calvin and Lowri Beck to manage Tonik's end-to-end smart metering rollout

Tonik Energy Press Release

Calvin Capital is delighted to announce that as part of an exciting new alliance with Lowri Beck, it has completed a transaction with Tonik Energy to provide the funding and installation services for their entire SMETS2 meter requirement.

This agreement forms part of the Calvin Capital/Lowri Beck joint offering through which they are able to provide UK energy suppliers with a complete end to end SMETS2 solution including smart meter funding, installation and ongoing maintenance services.

 “Calvin Capital is excited to have the opportunity to support Tonik Energy, an innovative, award-winning and fast-growing independent energy supplier with their smart metering programme. Working with Tonik Energy has been a very enjoyable experience and we look forward to continuing to build on our already strong relationship.” Bert Pijls, Calvin Capital’s Chief Executive officer

Simon Perkins, Chief Operating Officer at Tonik says, “We’re really pleased to be working with Calvin Capital and Lowri Beck to deliver our rollout of the next generation smart meters, SMETS2. Smart meters not only help our members to make better sense of their energy use so they can lower their energy bills; but they are also critical to building the UK’s smart energy grid of the future. Both Calvin Capital and Lowri Beck have unparalleled success in metering services and deployments, so we are confident that they are the right partners for us.”

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.

Lowri Beck is a leading metering services business providing energy suppliers with national meter installation, meter reading, data collection and contact centre services.

About Tonik Energy
Tonik Energy is a multi-award-winning renewable energy company based in Birmingham. With around 140 employees, and nearly 100,000 members, they are committed to helping their members build their “home of the future” - through the use of solar panels, battery storage, EV technologies; and halve their energy bills by 2022. Tonik is empowering people to be in control of how they generate, store and use energy.