A video with CEO Nigel Pocklington, who discusses Good Energy's recent financial results. Good Energy Group is listed on the London Stock Exchange with the ticker LON: GOOD. This video is intended for investors in Good Energy PLC.

In the video, Nigel provided valuable insights into the company's robust performance in the first half of the year and its strategic outlook for the future. The interview shed light on various aspects of Good Energy's financial health, its evolving business model, and its commitment to sustainability and innovation.

Good Energy Group, a UK-based renewable energy company, reported a strong first half of the year in financial terms. Nigel Pocklington emphasised the significant increase in profitability, surpassing £14 million. However, he added that this impressive figure was driven by a one-off impact from high tariffs and favourable energy contracts, which are expected to naturally unwind in the second half of the year.

Despite this, Nigel Pocklington confirmed the board's confidence in meeting full-year expectations, attributing this confidence in part to the strong start to the year. The company's strategic shift towards becoming an energy services business that helps homes and businesses reduce their carbon footprint and save money has been a key driver of this success.

One notable development discussed in the interview was Good Energy's introduction of innovative products and services. These include a smart export payment system for feed-in tariff customers, a market-leading product called Solar Savings for non-feed-in tariff customers, and plans to launch electric vehicle time-of-use tariffs and flexibility trials by year-end.

Nigel Pocklington also highlighted the success of the company's investment in the app for electric vehicles, which has seen a substantial increase in its user base and business growth. The app, called ZapMap, is expected to generate an annualised revenue rate of approximately £2 million by the end of the year.

Furthermore, the interview revealed Good Energy's expansion efforts, including the acquisition of Wessex Eco Energy, a solar installation business. Nigel Pocklington outlined plans to double Wessex's installation capacity by the end of 2024, demonstrating the company's commitment to supporting and growing its acquired businesses.

The CEO also discussed the company's role in the rapidly growing solar installation market, noting that solar installations doubled in the past year and are projected to continue growing at double-digit rates throughout the decade.

Pocklington emphasised the sustained consumer and business demand for green technologies, net-zero solutions, and increased energy security. He emphasised that Good Energy's strong financial position, supported by decisions like the sale of generation assets, positions the company well to invest in further growth and contribute to a cleaner, greener world.

The video contents are as follows:

00:00 Introduction to Good Energy
00:19 Good Energy profitability
00:44 Good Energy Dividends
01:12 Good Energy Business Transformation
01:29 Multi-product Strategy
01:55 Smart Meter & Solar Savings
02:12 ZapMap or Zap Map
02:56 Acquisitions
04:02 Strategic Objectives
05:00 Outlook
06:15 Cash Balance & Debt Free