Platform for high fuel userss

Marchant backs firm pledging cheap energy

OnGenEdinburgh start-up OnGen has raised £250,000 for its online tool that helps customers cut their energy bills. It is targeted at the public sector and high energy users.

Wood Group chairman and former Scottish & Southern Energy chief executive Ian Marchant is one of the early investors in the firm, along with the Scottish Investment Bank.

OnGen has been set up by energy experts Chris Trigg, Andrew Bright and Jonny Clark – who are already seeking second round finance.

Mr Trigg said significant savings can be made on annual bills by finding the right mix of energy suppliers.

“It can be hard to make these decisions if a business is not well versed in the costs and benefits of different sources of energy,” said Mr Trigg, who was a founding director of Spark Energy.

He said OnGen’s product is the only one of its type on the market to compare different technologies.

Mr Marchant said: “Putting reliable information in the hands of consumers is the first step on the road to an energy revolution as I believe that the energy system of the future will be far more decentralised and renewable-focused than our current fossil-based industrialised system.”

MBM Commercial advised OnGen’s board and managed the fund raising.

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