Ricardo announces energy sector acquisition
Ricardo has acquired UK consultancy firm PPA Energy.
With a particular emphasis on innovation within the power industry, PPA Energy specialises in techno-economic and management consultancy services for the energy sector. The company has a strong international customer base covering over 90 countries, with particular expertise in economic and financial analysis, pricing, market regulation and technology for electricity networks.
PPA Energy will join the Ricardo group as a new consultancy practice of wholly owned subsidiary Ricardo-AEA, the services of which include providing UK and international public and private sector clients with advice on renewable energy strategy and implementation, carbon markets, and climate change.
'PPA Energy is an excellent fit with Ricardo-AEA, both in terms of complementary technical capabilities and our very similar business culture and mode of operation,' says Ricardo-AEA MD Robert Bell. 'There is significant potential therefore, to expand the business of PPA Energy, Ricardo-AEA, and the wider Ricardo group, providing a much wider set of services to our respective clients.'