Calvin Capital extends relationship with Bulb to 2023

Calvin Capital and Bulb are pleased to announce they have agreed to extend their current relationship until the end of 2023.

Calvin Capital will continue to be Bulb’s exclusive provider of MAP services, purchasing and arranging for the installation of Bulb’s Smart Metering requirements and working towards Bulb’s goal of making energy simpler, cheaper and greener.

This represents the second major contract extension in recent months for Calvin Capital as it cements its strategy of growing its base of revenue-generating meters whilst continuing to provide customers with excellent service.

Calvin Capital is based in Manchester and is one of the UK’s leading owners and operators of domestic gas and electricity meters, having successfully provided support to energy suppliers’ metering deployments since 2002. Calvin Capital is wholly owned by Calisen Group (Holdings) Limited which is in turn owned by a consortium of funds ultimately managed by BlackRock, together with its co‑investor Mubadala, and Goldman Sachs.

Hayden Wood, Co-founder and CEO of Bulb said: “Smart meters can help us understand how much energy we use, which in turn helps us to reduce our usage, meaning lower bills and lower carbon emissions. Smart meters also make new energy technology possible, which is really exciting. At Bulb, we are building smart EV charging products and domestic battery technology which will help the UK reach net zero, and we’re thrilled to continue to partner with Calvin Capital on our smart meter rollout.”

Bert Pijls, Calisen’s Chief Executive Officer said: ‘Bulb is one of our key partners and we are delighted to extend this relationship and demonstrate that Calvin Capital continues to be best placed to support them in achieving their goals within the energy sector. Our commitment to delivering excellent customer service has been fundamental in securing this extension.’

Posted by: Calvin Capital
Posted on: 12.04.2021
Posted in: News
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