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Corporation
ENERGY & UTILITIES | Electric
centrica.com

Investments

11

Portfolio Exits

2

Partners & Customers

10

About Centrica

Centrica (LSE: CNA) is an integrated energy company operating predominately in the UK and North America. The company is active in each stage of the energy lifecycle: from sourcing and generating to processing and storing; from trading and supplying to servicing and, crucially, to saving energy.

Headquarters Location

Maidenhead Road Millstream

Windsor, England, SL4 5GD,

United Kingdom

+44 (0)1753 494000

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Latest Centrica News

Centrica : British Gas opens up support fund to help customers this winter

Sep 29, 2023

Centrica : British Gas opens up support fund to help customers this winter September 29, 2023 at 04:04 am EDT Share BRITISH GAS OPENS SUPPORT FUND TO HELP CUSTOMERS THIS WINTER British Gas has committed £100 million since the start of the crisis with the biggest voluntary support package from an energy company British Gas Energy Support Fund to provide grants of up to £1,500 for British Gas and Scottish Gas customers struggling with energy costs Additionally, the British Gas Energy Trust continues to support all UK energy consumers with grants, advice centres and Post Office Pop Ups The British Gas Energy Support Fund will open for new applications on 2nd October to provide grants of up to £1,500 to customers who are struggling to pay their bills. "Our customers mean the world to us, and we want to help them through these difficult times, supporting them with grants, credit and advice. We've already committed £100 million with the biggest energy support package in the UK to help make sure no one is struggling alone." Chris O'Shea, Chief Executive of Centrica, parent company of British Gas Any British Gas or Scottish Gas energy customer who is struggling to pay their energy bill and has sought money and energy advice is eligible to apply for a grant. Over 21,000 grants have been given out since 2021 with more than a third of recipients on disability benefit, around a third being single parents, and a third with children under 5 years old. British Gas has committed £100 million to help consumers since the start of the energy crisis and continues to provide the biggest aid package ever offered to UK energy customers by a supplier. Support has included grants to cover energy debts for consumers and businesses, non-repayable credit to prepayment customers and funding for advice centres and charities. The company has a long history of supporting all energy consumers through the British Gas Energy Trust, an independent charity, separate to, but solely funded by British Gas, that offers support to individuals across the country in three ways: energy debt relief grants, emergency small energy grants and a network of 45 funded money and energy advice projects. The funded advice centres provide each visitor with an average of £950 added to their yearly income - improving their finances in the longer term. Throughout this winter, consumers can also visit their local British Gas Post Office Pop Ups where advisors will be on-site to provide an in-depth overview of the support available, signpost people to local organisations for ongoing support, check for benefits entitlements and provide free energy-saving tips and advice. Chris O'Shea, Chief Executive of Centrica, parent company of British Gas said:"Thankfully energy prices have started to come down, but the broader cost of living crisis is still putting pressure on consumer finances, and we know many of our customers will still struggle with their household bills this winter. Our customers mean the world to us, and we want to help them through these difficult times, supporting them with grants, credit and advice. We've already committed £100 million with the biggest energy support package in the UK to help make sure no one is struggling alone. "In addition, we're proud to be the only supplier that supports other companies' customers with grants and advice through the British Gas Energy Trust. We'll continue to support the Trust this winter so that everyone has access to this valued support, such as the advice centres which make a real difference to people's lives over the longer term." Media Relations

Centrica Investments

11 Investments

Centrica has made 11 investments. Their latest investment was in HiiROC as part of their Series A on November 11, 2021.

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Centrica Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/29/2021

Series A

HiiROC

$34.59M

Yes

8

3/11/2021

Series B

LO3 Energy

$11M

Yes

2

12/2/2020

Series B

GreenCom Networks

$14.5M

No

3

4/15/2019

Series A

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$99M

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10

2/18/2019

Series A

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10

Date

11/29/2021

3/11/2021

12/2/2020

4/15/2019

2/18/2019

Round

Series A

Series B

Series B

Series A

Series A

Company

HiiROC

LO3 Energy

GreenCom Networks

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Amount

$34.59M

$11M

$14.5M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

8

2

3

10

10

Centrica Portfolio Exits

2 Portfolio Exits

Centrica has 2 portfolio exits. Their latest portfolio exit was GreenCom Networks on August 29, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/29/2022

Acquired

$99M

4

3/25/2011

Acquired - II

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$99M

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10

Date

8/29/2022

3/25/2011

Exit

Acquired

Acquired - II

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

4

10

Centrica Acquisitions

11 Acquisitions

Centrica acquired 11 companies. Their latest acquisition was Nabuh Energy on March 19, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/19/2021

$99M

Acquired

4

6/19/2019

$99M

Acquired

1

9/5/2018

$99M

Acquired

2

11/3/2017

Series C

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$99M

$99M

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10

7/17/2017

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$99M

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10

Date

3/19/2021

6/19/2019

9/5/2018

11/3/2017

7/17/2017

Investment Stage

Series C

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

Acquired

Acquired

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Sources

4

1

2

10

10

Centrica Partners & Customers

10 Partners and customers

Centrica has 10 strategic partners and customers. Centrica recently partnered with Yorkshire Water on July 7, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

7/24/2023

Licensee

United Kingdom

Centrica : signs UK Biomethane Agreement with Yorkshire Water and SGN Commercial Services

LONDON & AALBORG : Yorkshire Water , an essential water and wastewater services provider for the Yorkshire Region , and Centrica , have today announced signing a 15-year agreement to offtake biomethane production and manage shipping , trading , and balancing of production from two plants developed by SGN Commercial Services .

1

7/13/2023

Partner

United Kingdom

Scottish Gas teams up with Scottish Rugby for a greener Scotland - Scottish Rugby

A central initiative of the partnership is a £ 2million joint investment in the Club & Community Net Zero Fund across the five-year deal .

1

7/12/2023

Vendor

United States

Delfin Midstream and Centrica establish 1MTPA agreement

Delfin Midstream has signed a sale and purchase agreement for the supply of one million tonnes per annum of liquefied natural gas to Centrica .

1

6/26/2023

Vendor

United Kingdom

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10

5/19/2023

Partner

United Kingdom

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10

Date

7/24/2023

7/13/2023

7/12/2023

6/26/2023

5/19/2023

Type

Licensee

Partner

Vendor

Vendor

Partner

Business Partner

Country

United Kingdom

United Kingdom

United States

United Kingdom

United Kingdom

News Snippet

Centrica : signs UK Biomethane Agreement with Yorkshire Water and SGN Commercial Services

LONDON & AALBORG : Yorkshire Water , an essential water and wastewater services provider for the Yorkshire Region , and Centrica , have today announced signing a 15-year agreement to offtake biomethane production and manage shipping , trading , and balancing of production from two plants developed by SGN Commercial Services .

Scottish Gas teams up with Scottish Rugby for a greener Scotland - Scottish Rugby

A central initiative of the partnership is a £ 2million joint investment in the Club & Community Net Zero Fund across the five-year deal .

Delfin Midstream and Centrica establish 1MTPA agreement

Delfin Midstream has signed a sale and purchase agreement for the supply of one million tonnes per annum of liquefied natural gas to Centrica .

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Sources

1

1

1

10

10

Centrica Team

19 Team Members

Centrica has 19 team members, including current Chief Financial Officer, Ed Henry.

Name

Work History

Title

Status

Ed Henry

Chief Financial Officer

Current

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Name

Ed Henry

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Work History

Title

Chief Financial Officer

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Status

Current

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