THE future is looking very bright for solar energy specialist Next-Gen Power (NGP) on the back of a record year that saw the company DOUBLE its sales on the island of Ireland – fuelled by spiralling energy costs and the worsening global climate crisis.
Next-Gen Power provides green energy solutions, powered by the sun, to help households and businesses save money on their monthly energy bills while also reducing their carbon footprint.
Now in its 10th birthday year, the company has even more reason to celebrate this significant milestone with the announcement that domestic installations of its solar panel and battery storage solutions increased by a staggering 100 per cent year on year in 2022.
With offices in Belfast and Drogheda, Next-Gen also enjoyed its best year supporting industry in Ireland, more than doubling sales to a growing list of business customers, with new clients including Eddie Irvine Sports, Alana Interiors and County Meath Golf Club.
And the good news doesn’t stop there. The first two months of 2023 have seen NGP enjoy its best ever start to a year with a sales increase of 50 per cent across its domestic and business operations, compared to the same period last year.
Next-Gen Power Managing Director Mark Bailie believes that the company is now being rewarded for its forward thinking and investment in those early years, and for its patience to see it through.
“From the outset, we’ve had a long-term vision of where we want Next-Gen to be and that is at the forefront of the green energy industry, providing innovative, sustainable and money-saving solutions to households and businesses across the island of Ireland,” said Mr Bailie.
“The impact of global warming and climate change on the world we live in has been debated for decades but, to be honest, the reaction from governments and business at large has been pretty slow.
“We knew that this would only gather pace and saw not only a great business opportunity, but also an opportunity to build a company that would be part of the solution in helping people and companies reduce their carbon footprint for the good of the planet and everyone on it.
“So we created Next-Gen Power, invested in the technology we needed and now, after years of gradual but sustained growth, we’re starting to reap the benefits of our hard work and forward thinking,” he added.
While the world becomes increasingly aware of its environmental responsibilities, Mark has no doubt that the rapid increase in the cost of traditional energy sources such as oil, gas and electricity from the grid has been the biggest single factor in the company’s dramatic sales growth during the past 12 months.
“It’s been a year now since the war in Ukraine started and the impact that has had on energy prices has contributed massively to a fuel poverty crisis that is putting people’s lives and livelihoods at risk,” said Mark.
“We continually hear stories of households having to decide whether to ‘eat or heat’ or businesses folding due to unsustainable increases in their energy costs. So there is no doubt that this has pressed the ‘fast forward’ button on people wanting to make the switch to green – and, importantly, money-saving – energy solutions.
“It’s a ‘no brainer’ really,” he added. “The fact that we can help customers reduce their monthly energy bills AND their carbon footprint is definitely the key driver in Next-Gen enjoying a record year in 2022.”
Looking at 2023, businesses are a key target in what Mark Bailie already believes could be another record year for NGP.
“The business market is a key area for growth this year,” he said, “as more and more owners look at how they can take control of their own energy generation.
“Our product comes with a 25-year performance warranty so, with a return on investment of somewhere between 2.5 and 3.5 years, there is a real opportunity to create sustainability for their business.
“With our partnerships in the Retail and Hospitality sectors, we already see our commercial business growing to record levels in 2023 – which is reflected in our best ever start to a year.”
Next-Gen’s green energy solutions include the use of Solar Panels (PV) and/or Battery Storage to give customers a natural, efficient and cost-saving alternative to electricity from the grid.
Using the latest online technology, NGP can remotely conduct an energy survey for your home or business and offer a package of renewable options from LED lighting, solar, battery and heating solutions to reduce electrical demand, improve energy efficiency and provide savings of up to 70% on energy bills.
Prices for solar panel systems start at around €5k and, in the current economic environment, households and businesses will typically recoup or offset their initial investment in less than four years, compared to what once was a timescale of approximately 8-12 years. Then, customers will start ‘making money’ for the remainder of the lifespan of their solar system – which is typically 25 years.