POWWR Receives Multi-Million Pound Investment from Five Elms for Expansion and Leadership Change
Energy software company POWWR has secured a multi-million-pound investment from Five Elms Capital to enhance its technology platform and expand its workforce by 40% within a year. Paul Hodnett has been appointed as the new CEO, succeeding Matt Tormollen. The funding will support product innovation, address rising demand in the UK energy market, and strengthen POWWR's position as a core technology partner.
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POWWR has obtained a multi-million-pound investment from Five Elms Capital to accelerate product innovation and expand its workforce by up to 40% over the next year. This funding aims to enhance automation, analytics, and integration capabilities within POWWR's technology platform, which supports energy brokers and suppliers.
Paul Hodnett has been appointed as the new CEO, succeeding Matt Tormollen, and aims to lead the company into a new growth phase. The investment addresses rising demand for digital tools in the UK energy market, where regulatory complexity and margin pressures are increasing the need for efficient trading and customer management systems. POWWR plans to leverage this capital for organic growth and new service development.
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