Flowgroup switches boiler focus to Europe, may sell energy arm
8th Feb 2017 16:23
(ShareCast News) - Flowgroup fell to a new all-time low on Wednesday after deciding it was "uneconomic" to continue focusing on the UK market for its micro combined heat-and-power boiler and saying it might sell its energy business. Instead, the AIM company, which has been left in the lurch by a wit
Read moreFlowgroup ponders new direction or sale of microCHP business
16th Nov 2016 11:31
(ShareCast News) - Although its energy supply business is going from strength to strength, Flowgroup said it had slowed production of its combined heat-and-power boilers and was mulling a sale or exit from the business due to doubts over government support for the green technology. On the upside, tr
Read moreFlowgroup follows energy flow as boilers await verdict on state support
5th Sep 2016 11:24
(ShareCast News) - Interim results from Flowgroup showed its second stream as an energy reseller is surging, while its original core business as a boiler developer hangs in the balance ahead of a government decision over feed-in tariffs (FIT). The group more than doubled sales to £41.8m in the six m
Read moreDECC proposal on microCHP feed-in tariff hits Inspirit Energy and Flowgroup
31st May 2016 08:42
(ShareCast News) - As the Department of Energy and Climate Change launched a consultation about feed-in tariff (FIT) support for the green technologies of anaerobic digestion and small combined-heat-and-power (micro-CHP) boilers and generators, Inspirit Energy said it could benefit from potential ch
Read moreFlowgroup's shares plunge as it reports full year loss
29th Apr 2016 15:37
(ShareCast News) - Flowgroup's shares plunged on Friday after the energy services company reported a wider operating loss in 2015. The company posted an operating loss of £17.1m in the year to 31 December 2015, compared to £10m in 2014. Flowgroup said the loss reflected increased investment in staff
Read moreFlowgroup's subsidiary signs Shell deal
9th Dec 2015 09:23
(ShareCast News) - Alternative energy technologies supplier Flowgroup said one its subsidiary has signed a five-year deal with Shell Energy Europe. Under the terms of the deal, Shell will provide Flow Energy Limited with access to wholesale energy - gas and electricity - which will potentially enabl
Read moreFlowgroup focused on costs to resurrect 'boiler that pays for itself'
30th Jun 2015 15:49
Flowgroup has installed the first of its electricity-generating Flow boilers in select customer households and confirmed it has signed up roughly 77,000 customers to its gas and electricity supply service. In a statement on the day of its annual general meeting, the AIM-listed company said it would
Read moreFlowgroup's CEO buys shares after cuts in boiler installations
17th Jun 2015 15:51
The chief executive of Flowgroup increased his stake in the energy technology developer one day after it decided to cut its boiler installations for 2015. Tony Stiff bought 110,742 shares for 13.75p each, spending a total of £15,227 in the purchase. Following the transaction, Stiff holds 2.3m share
Read moreFlowgroup reduces boiler installations in wake of court ruling
16th Jun 2015 10:45
Flowgroup has cuts its boiler installations for the remainder of 2015, opting to focus on cutting costs after the European Court of Justice's ruling that it had breached EU laws with its UK sales tax reduction on energy saving products. The domestic energy technology developer warned that reaching p
Read moreFlowgroup boiler installations delayed by testing process
26th May 2015 13:22
Full-year losses increased at alternative energy group Flowgroup despite strong revenue growth as it begins to roll out production and installation of its innovative combined heat-and-power (microCHP) boiler. AIM-listed Flowgroup ramped up revenues by 142% to £33.4m, the majority from its energy res
Read moreFlowgroup says full-year results will be in line with expectations
10th Mar 2015 11:53
Alternative energy products developer Flowgroup said on Tuesday it made significant operational and financial progress in 2015 and expects interim results to be in line with analyst forecasts. The group said its flow energy division grew "steadily through the year as planned", generating revenues of
Read moreFlowgroup signs contract with 'major European player'
24th Sep 2014 08:19
Energy company Flowgroup has revealed "one of the world's largest energy companies" has a signed a contract to test the innovative 'Flow' household boiler. AIM-listed Flowgroup has designed the boiler so that while it heats the home it also generates electricity, known as CHP or combined heat and po
Read moreFlowgroup hit by delay to full production of boilers
1st Jul 2014 09:05
AIM-listed Flowgroup was a notable faller on Tuesday morning after it announced a delay to the start of full production of the Flow microCHP boiler on the production line at its facility in Scotland. The firm, which develops and commercialises alternative and efficient energy technology products,
Read moreFlowgroup 'firmly on track' to launch boiler as annual losses widen
8th May 2014 12:48
AIM-listed Flowgroup claimed a year of "significant progress" in 2013 as it recorded first major annual revenues and ramped up its boiler business ahead market launch later this year, although this led to wider losses. The company recorded annual revenue of £13.8m in the calendar year thanks to th
Read moreFlowgroup eyes 'significant' customer growth after Morgan Stanley deal
16th Apr 2014 11:53
Domestic boiler developer and energy supplier Flowgroup said its acquisition of new customers would be significantly improved thanks to a deal with Morgan Stanley's energy trading arm. The deal requiring less collateral to be lodged when buying energy in the wholesale markets, allowing the return
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