Ekhi acquires a 60% stake in Vesqa, building up its customer base with the retailer’s entire portfolio of existing customers
Ekhi, a company that offers renewable energy services of distributed generation and self-consumption to electro-intensive users, integrates Vesqa, an energy retailer focused on electro-intensive consumers founded in 2019. Its aim is to continue to offer users a comprehensive, 100% clean and competitive solution to facilitate their reduction of costs and CO2 emissions with products such as commercial collective self-consumption.
Ekhi has acquired a 60% stake in Vesqa, thus adding the energy trading company's entire portfolio of existing customers to its own customer base. Furthermore, Ekhi, in line with its strategy of offering comprehensive services to the electro-intensive industry, will be able to offer users the following services: power procurement optimisation, fixed and indexed energy supply 100% renewable contract, management of trading operations and services supported by artificial intelligence and data management, market representation, and future market flexibility.
The aim is to offer 100% green and competitive grid supply solutions, as well as collective self-consumption arrangements
The new alliance will provide the energy-intensive industry with an efficient, sustainable, fully digital, and transparent platform that adapts to its needs. Thereby increasing energy generation capacity, cutting operating costs, and reducing the carbon footprint.
Lorenzo Font, Managing Director of Ekhi, said: "The integration of a company like Vesqa is great news for Ekhi and demonstrates our commitment to offer a fully integrated and clean service to energy intensive users, to support them in their energy transition. Looking ahead, we will continue to work on offering a 100% renewable platform to help industrial users reduce their energy costs and CO2emissions".
"Ekhi's model is the future. Distributed energy resources are breaking with the traditional business model of the energy sector and in the end, customers will benefit the most. The decentralization of the market brings renewable generation, storage, and flexibility closer to customers. This trend, together with asset management supported by artificial intelligence, will result in economic improvements and positive ESG policy developments for customers across all sectors."
Steven van den Heuvel, Managing Director of Vesqa
About Ekhi
Ekhi is a Dutch company founded in Spain in 2020 that offers renewable energy services of distributed energy and self-consumption. Through the development, construction and investment in projects, the company helps to reduce energy costs and CO2 emissions, with the goal of becoming a leading international supplier of renewable energies for the commercial and industrial sectors. Ekhi became independent in the summer of 2022 from Soto Solar, which was founded in 2018 and focuses on investments in and the development of grid-connected solar power plant.
Ekhi is the only 100% renewable company that assists and supports its customers in achieving their sustainability and cost reduction goals in Spain and Europe.
