Intelligent Energy is named the Midlands’ fastest growing company
Intelligent Energy – the global power technology company founded on Loughborough University research – has been announced as the Midlands’ fastest growing company.
Insider Growth 100 is an annual list that highlights the Midlands businesses which have grown at the fastest pace over the past five years, ranking them by the average annual growth in turnover.
Intelligent Energy earned the accolade having quadrupled its revenue from £3.06 million in September 2008 to £11.9 million in 2011, and then quadrupled it again to £43.9 million in the following year.
Headquartered at Loughborough University Science and Enterprise Parks, Intelligent Energy delivers efficient and clean energy technology for the global consumer electronics, automotive and distributed power & generation markets – from compact energy packs for mobile devices, to power-trains for zero-emission vehicles, and distributed power and generation units for the always-on infrastructure.
In January 2014, Intelligent Energy signed a multi-million dollar, multi-year agreement with NSR controlled Ascend Telecom Infrastructure Private Limited to provide cost-efficient power for telecom towers across India in a landmark deal set to be replicated across other emerging markets. In the same month, the company partnered with the US retailer and product development company, Brookstone to launch the Upp™ personal energy device which delivers at least one week of charge even to the most demanding, power-hungry smartphones.
These recent highlights build on a wealth of achievements for Intelligent Energy which include the 2013 announcement by SMILE FC System Corporation, a Joint Venture formed with the Suzuki Motor Corporation, of the completion of a ready-to-scale production line in Japan to ultimately supply fuel cell stacks for integration with Suzuki vehicles.
Intelligent Energy now numbers more than 350 highly skilled employees, and works closely with Loughborough experts as well as global industrial partners on a range of projects. In 2013, the company was ranked 15th in the Deloitte Fast 50 with 1,333% revenue growth over five years.
Professor Steve Rothberg, Loughborough University Pro Vice Chancellor for Enterprise, commented on Intelligent Energy’s position as the Midlands’ fastest growing company: “This is a well-deserved accolade and excellent news for the local economy.” He continued: “With the fuel cell technology research originating at Loughborough in 1988, I am proud of the fact that our Science and Enterprise Parks now provide the base for Intelligent Energy to continue to innovate and expand globally.”
Notes for editors
Press release reference number: PR 14/35
Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sport and its underpinning academic disciplines.
It was awarded the coveted Sunday Times University of the Year title in 2008-09 and has been named Sports University of the Year 2013-14 by The Times and Sunday Times. Loughborough is consistently ranked in the top twenty of UK universities in the Times Higher Education’s ‘table of tables’ and has been voted England's Best Student Experience for six years running in the Times Higher Education league. In recognition of its contribution to the sector, Loughborough has been awarded seven Queen's Anniversary Prizes.
In 2015 the University will open an additional academic campus in London’s new innovation quarter. Loughborough University in London, based on the Queen Elizabeth Olympic Park, will offer postgraduate and executive-level education, as well as research and enterprise opportunities.