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Bglobal inks deal with Energetix

By BFN News | 08:28 AM | Monday 02 April, 2012


Bglobal - a leading provider of smart energy solutions and services - has signed a deal with Energetix to assist it create a new energy supply company. Energetix has acquired a pre-accredited electricity supply licence which will enable it to trade electricity in the UK and has signed a software licence agreement for the provision of energy data management software with Utilisoft, the subsidiary of Utiligroup which is owned by Bglobal. The acquisition of the electricity supply licence is a result of the purchase of the entire issued share capital of Circuit Energy Supply Limited from Utiligroup. The acquisition and installation of the software is the first step in a plan to create a dual fuel energy business. Energetix will seek to acquire an additional licence to supply gas. Bglobal chief executive Tim Jackson-Smith said: "We are very pleased to be working on this exciting project to bring another company into the energy supply market. "Utiligroup has seen growing interest from a number of domestic and SME focused businesses looking to become energy suppliers who want to use our 'Supplier in a Box' solution." At 8:28am: (LON:BGBL) share price was +0.5p at 15.5p Story provided by StockMarketWire.com