Energy consultant plans new office in Singapore.
Byline: JONATHON MANNING Reporter firstname.lastname@example.org @JONNYAMANNING
GATESHEAD energy firm Northern Gas and Power has revealed plans to launch its first office in Singapore amid plans which will create 160 new jobs worldwide.
The energy consultancy firm, based at Baltic Place on Gateshead Quayside, is planning on opening the new office in the New Year, following the deregulation of that country's energy market.
Northern Gas and Power specialises in reducing utility bills for commercial clients by striking deals with energy companies, as well as using technology to help firms lower their carbon footprint.
The company currently has offices in Gateshead, Leeds, Malta, Chennai in India, Paris, and Plano in Texas, with expansion across Asia now firmly in focus.
Finance director Chris Baty, said: "The UK has been our biggest market traditionally but we are also in France and the US, we have a tech hub in Malta and, in January 2019, we are going into Singapore.
"Singapore is newly deregulated so they have not had a choice of utility providers in the past, so they need people like us to go in and find the best deals for them."
The consultancy firm was founded in 2012 with a team of just six people, but has grown year-on-year and now has a workforce of more than 250 and turnover of around PS28m.
Its ambition is to grow to become a PS100m firm.
The firm handles six terawatts of energy per year for clients, which is twice the amount used by Jamaica.
Mr Baty added that the company's growth rate would have to slow down if it was to continue to expand in a sustainable way. "It gets harder as we get bigger," he said. "It is going to get more difficult and it wouldn't take long for us to surpass Google if we continued at this rate.
"The UK market has matured quite a bit, but we are doing overseas growth, which has been the big thing for us.
"If Singapore goes well, we will build around that into other countries."
Through its expansion plans, Northern Gas and Power is planning on creating 160 new jobs around the world next year, with many of these being based in the Gateshead office.
Technology is also at the forefront of the company's growth plans, and it is currently developing an energy monitoring and control system called Clearview.
The technology is in beta development and allows customers to view their current bill level, as well as find out which machines are consuming the most energy.
Mr Baty added: "Over time the technology will become more and more important and take over from the consulting side of the business.
"It is getting us to the front of the queue with opportunities starting off in the UK.
"It's going to be a standalone product and customers all want that. Our idea is to sell it as part of a package of services but if they just want one, we will sell that."
Over time the technology will become more and more importantChris Baty
Marketing executive Jarlath Da Silva-Cooke, left, and financial director Chris Baty
Northern Gas and Power's team in Gateshead
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|Publication:||The Journal (Newcastle, England)|
|Date:||Dec 6, 2018|
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