Market Challenges Tonik Energy's recent insolvency and administration highlight the vulnerability of small utility providers, presenting opportunities for more financially stable partners to offer reliable supply solutions and customer retention services.
Renewable Focus Despite financial difficulties, Tonik's investments in solar and EV charging infrastructure suggest ongoing market demand for renewable energy and EV solutions, opening doors for suppliers of solar technologies, energy storage, and electric vehicle infrastructure.
Growth Potential Tonik's initiatives like acquiring The Phoenix Works and launching EV tariffs demonstrate a strategic focus on expanding renewable and EV markets, creating opportunities for vendors in EV charging hardware, renewable installation, and related software solutions.
Funding & Investment Recent investments totaling over $17 million underscore the investor interest in renewables and innovative energy solutions, indicating potential partnerships or supply deals with companies engaged in sustainable technology and energy optimization.
Technology Stack The use of advanced digital tools such as Google Analytics, Microsoft Azure, and JavaScript highlights a strong emphasis on digital engagement and data-driven services, suggesting opportunities for cybersecurity, analytics, and cloud service providers to support energy sector clients.
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$1B$10BTonik Energy uses 8 technology products and services including Hotjar, Cloudflare CDN, Microsoft, and more. Explore Tonik Energy's tech stack below.
| Tonik Energy Email Formats | Percentage |
| First.Last@tonikenergy.com | 91% |
| Last@tonikenergy.com | 9% |
UtilitiesEngland, United Kingdom51-200 Employees
Tonik Energy Limited – in Administration (“the Company”) Matthew James Cowlishaw and Paul James Meadows were appointed Joint Administrators of Tonik Energy Limited on 12 October 2020. Ofgem, the energy regulator, appointed Scottish Power as the new supplier for all Tonik Energy customers. Any questions regarding the Administration process can be directed to tonikadministration@teneo.com.
Company Overview
Media & News
Funding & FinancialsTonik Energy has raised a total of $17M of funding over 1 rounds. Their latest funding round was raised on Feb 13, 2019 in the amount of $17M.
Tonik Energy's revenue is estimated to be in the range of $1M$10M
Funding & FinancialsTonik Energy has raised a total of $17M of funding over 1 rounds. Their latest funding round was raised on Feb 13, 2019 in the amount of $17M.
Tonik Energy's revenue is estimated to be in the range of $1M$10M
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