Green Isle of Wight CIC has officially launched Vectis Energy, a new community energy company created to deliver locally owned, fair and low-carbon energy projects on the Isle of Wight.
The launch took place earlier this month at the Wildheart Animal Sanctuary, bringing together local businesses, community organisations and potential investors to hear about the first flagship project: Power Together, the Island’s first community-owned Virtual Power Plant.
What is Vectis Energy?
Vectis Energy has been established by Green Isle of Wight CIC and is run by the same team, providing a dedicated vehicle to develop, own and operate community energy assets while ensuring that social and environmental benefits remain local.
Power Together will connect smart battery systems installed in homes, schools and small businesses across the Isle of Wight, allowing clean energy to be stored when supply is high and shared back to the grid at peak times. The project aims to improve energy resilience, reduce carbon emissions and lower energy bills for participants.
Installing 100 and 200 smart batteries across the Island
Supported by funding from the Ofgem Energy Redress Scheme, Power Together plans to install between 100 and 200 smart batteries across the Island.
Participating households and organisations could see annual savings of £50 – £300 while the project is expected to reduce up to 700 tonnes of carbon emissions each year.
Inclusive scheme
A key focus of the project is inclusion. Reduced-cost and fully funded battery options are being developed to ensure that lower-income households can benefit from community energy, reflecting Green Isle of Wight CIC’s commitment to fairness and accessibility.
Speaking at the event, representatives from Green Isle of Wight CIC and the Center for Energy Equality explained that creating Vectis Energy was a deliberate step to turn years of community work tackling fuel poverty into deliverable infrastructure projects.
Beaney: Staying true to our community purpose
Lisa Beaney, Director Green Isle of Wight, said,
“Vectis Energy exists because Green Isle of Wight exists.
“We needed a structure that could own assets, work with investors and deliver projects at scale – while staying true to our community purpose.
“Power Together is the first step, and it shows what’s possible when energy is designed around people, not just profit.”
Strong interest from local businesses
The launch event highlighted strong interest from local businesses and investors keen to support community-led energy solutions that deliver both financial returns and measurable environmental and social impact.
Further community engagement and registration of interest for the Power Together project is now open.
For more information, visit the website. A copy of the presentation can be found on the website
News shared by Lisa on behalf of Green Isle of Wight. Ed
