According to a research report recently released by the British renewable energy provider Good Energy, the British photovoltaic market will experience substantial growth in 2022, with 132,000 installed photovoltaic systems and a near-record installed capacity, representing a year-on-year growth of 125%. above.

The majority of PV systems installed in the UK in 2022 will be residential PV systems, accounting for 88% of its total. Good Energy believes that these are because residential customers want to produce their own renewable energy to avoid fluctuations in the energy market.

Nigel Pocklington, CEO of Good Energy, said: "As the second largest PV payment company in the UK, Good Energy pays a record amount for renewable electricity delivered to residential customers in 2022, and we have become the first choice for residential customers. Energy company.

The UK renewable energy power generation market has a development potential of 5-10 billion pounds. We are now installing photovoltaic systems and battery storage systems for residential customers and plan to install 12,000 heat pumps by 2026. "

Meanwhile, Good Energy's revenue rose 70.3% year-on-year to £248.7m due to rising energy costs in 2022.

Europe's energy crisis, which began in 2021, has intensified following the conflict between Russia and Ukraine. As Russia cuts off supplies of natural gas and fossil fuels, this leads to volatility in wholesale energy markets, which in turn sends energy prices soaring. Profits for energy suppliers soared as a result. BP will more than double its profits to £23bn in 2022, while Shell will post its highest-ever annual profit at £32.2bn.

The energy crisis has driven up the cost of electricity, so revenues for Good Energy and other renewable electricity providers have directly increased.

In 2022, the scale and revenue of Zap-Map, a map service for electric vehicles, will also increase. Good Energy is the majority shareholder of Zap-Map. The number of registered users of the service rose 63% to more than 550,000.

In addition, Zap-Map has also completed a £9 million Series A round of funding from Fleetcor, which values Zap-Map at £26.3 million. Zap-Map said that sales of electric vehicle chargers in December 2022 will increase by 33% compared with November 2021, which has also brought a boost to the development of the UK electric vehicle market.

Pocklington said, "2022 is an extremely challenging year for the energy sector. The knock-on effect of the Russia-Ukraine conflict has caused energy prices to soar, leading to higher electricity costs, and we are forced to pass this cost on to customers in the form of price increases. Therefore, Good Energy's positive performance comes from areas other than energy supply.

We have made significant progress towards our strategy to become a leader in green energy services and this momentum will continue, with strategic milestones achieved in the first quarter of 2023. "