Green energy firm Ripple Energy, known for helping households co-own wind turbines and solar farms, has filed a formal notice of its intention to enter administration, raising fears for its 20,000 customers across the UK.
Ripple doesn’t operate as a traditional energy supplier. Instead, it allows customers to invest in renewable energy projects—like wind turbines or solar farms—and in return, receive discounted energy from big-name suppliers such as Octopus Energy, E.on Next, and Good Energy.
The model has proven popular with eco-conscious households looking to cut their energy bills and carbon footprints—but the company’s future is now in question.
What’s Happening at Ripple Energy?
On Monday, court documents revealed that Ripple had filed a notice of intention to appoint administrators—often the first step before a company goes bust or is rescued by a buyer.
A spokesperson confirmed Ripple is working with Begbies Traynor, a restructuring firm, and will continue trading during the sale process, with no disruption expected for current customers in the short term.
“Ripple Energy will continue to trade while the Joint Administrators seek a suitable buyer of the business,” they said.
The company has around 35 employees and was founded in 2017 by Sarah Merrick, who previously worked in the wind energy sector. In a statement last year, she said:
“A clean energy revolution is underway in Britain, and it’s our mission to make sure real people are at the heart of it.”
Industry Reaction
Octopus Energy founder Greg Jackson expressed concern on social media, saying:
“It’s sad to see the situation there… A lot of customers have been in contact with us and as ever we’d love to be helpful if possible and viable.”
However, he added that any resolution is now in the hands of administrators.
The company’s business model—allowing households to own a slice of renewable infrastructure—was seen as innovative, but the financial pressures of the energy market may have proven too great to sustain it.
What Should Ripple Customers Do?
At this stage, Ripple’s customers are not at risk of losing energy supply, since the energy itself is provided by established suppliers like Octopus and E.on Next. However, the benefits from their investments in renewables could be affected depending on what happens during the administration process.
Customers are advised to:
- Keep an eye out for communications from Ripple or the appointed administrators
- Contact their energy supplier directly for any immediate concerns
- Monitor updates about whether the company finds a buyer or restructures
Worried About High Energy Bills? Help is Available
Ripple’s mission to help households cut bills through renewable energy is more important than ever—but it’s not the only way to save.
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