Dale Vince halts plan to sell Ecotricity

ECOTRICITY co-founder Dale Vince has halted his plans to sell the company.

Mr Vince recently revealed to online magazine Utility Week that he has shelved plans to ‘due to the continuing volatility in the energy market’.

Vince said he had almost a dozen parties interested in purchasing the company, but that he was halting the process ‘following the continuing turmoil created by Russia’s invasion of Ukraine.’ 

An Ecotricity spokesperson has since confirmed to the SNJ that this news report in Utility Week was accurate. 

Vince originally announced that he was leaving the company on April Fool’s Day earlier this year.

At the time he said that he would be moving into the world of politics, claiming that the next election is ‘the most important of our lives’

“This is a huge decision – it’s been my life for a long time and is arguably my life’s work,” he wrote at the time.

“But it is the right decision at the right time – our pipeline of green energy projects is way beyond what we can fund ourselves.

“By passing the baton now to a new owner, Ecotricity will be able to play a big role in the accelerated shift to 100 per cent green energy on the grid.

“And I will be able to play a part in the next general election in some way or another.

Vince recently teamed up with Manchester mayor Andy Burnham and Liverpool mayor Steve Rotherham as part of a task force trying to create a “green industrial revolution” which could allow people to take control of soaring energy bills.

The task force, which will see the city regions work with green entrepreneur Dale Vince, Co-operatives UK and Climate Outreach, will focus on co-operative and community ownership.

“We can power the whole of Britain by harnessing our wind, sun, waves and even grass,” said Mr Vince said: “The Green Energy Task Force is a first step towards that and doing so at a regional level.

“It will create a blueprint that can be replicated across the country, by all regions – in pursuit of a net zero carbon in the 2030s.”

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