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UrbanVolt named as one of Europe’s fastest growing companies

UrbanVolt named as one of Europe’s fastest growing companies

UrbanVolt has been formally named as the fastest growing Light as a Service company in Europe. The energy services company is also listed at Number 226 amongst the list of the 5,000 Top Fast Growing Companies in Europe.

Inc. Magazine has also recognised UrbanVolt as being in the top 5% of fastest growing companies across all of Europe.

UrbanVolt now joins prestigious companies which were previously honoured by Inc. Magazine as recording extraordinary growth including Microsoft, Intuit, Facebook, Oracle and Timberland.

The list features UrbanVolt and it's unique LaaS® as being amongst a group of thriving businesses growing at breakneck speed over the past 3 years. The awards recognise Europe’s fastest growing companies in terms of revenue growth over a fixed period. It lists the 5,000 companies which come from every sector including energy, tech, finance and construction.

The 2018 Inc. 5000 Europe list also serves as a unique report card on the European economy. Within an uncertain economic climate, latest aggregate revenue among the companies listed increased by €101.8 billion, nearly doubling aggregate revenue from 2013.

A breakdown of the list shows that UrbanVolt is the third fastest growing Irish company in Europe, and the 12th fastest growing energy company throughout Europe.

UrbanVolt HQ, Dublin 2, Ireland

“Innovation and entrepreneurship are alive and well throughout Europe," said Inc. and Inc.com Editor Jim Ledbetter.

“From cybersecurity to renewable energy, the continent’s creativity and deep knowledge are showing the world how to grow and profit in the 21st century – and the Inc. 5000 Europe list spotlights those that do it best."

In its first year of operation, UrbanVolt completed 100 major infrastructural projects, saving those clients €20 million in energy costs during the 5 year partnership.

It now has 35 multinationals as clients, including 10 Fortune 500 companies, and is operating in the US and in a number of European countries.

“We are delighted to be recognised by Inc. as one of the fastest growing companies in Europe," said Kevin Maughan, CEO of UrbanVolt.

"We are now the biggest provider of Light as a Service in the world and we are continuing to grow and expand into new territories. We have proven that a new business model can be applied to a commodity product to create a true win-win. Everyone benefits - our clients, their staff, and the environment.

"It's clear that the UrbanVolt 'as a service' model will soon apply to all energy efficiency technology."

The latest accolade follows the announcement that UrbanVolt is now delivering Solar as a Service (SOLaaS), as well as Light as a Service (LaaS®).

UrbanVolt’s Light as a Service clients in Ireland include Pfizer, Zimmer Biomet, Supervalu and DCU.

The full list of 5000 companies is featured on the Inc. Magazine website.