ERM Continues on the Acquisition Track, Buys Low Carbon Energy Consultancy Element Energy
Pure-play sustainability advisory firm ERM announced today the acquisition of specialist energy consultancy and low-carbon technology solutions firm Element Energy, extending its expertise and capabilities in emerging low-carbon technologies.
Founded in 2003, UK-based Element Energy helps businesses identify transition opportunities through the development, commercialization and deployment of low-carbon technologies, including hydrogen and fuel cells, electrification, energy storage and carbon capture use and storage (CCUS).
Keryn James, CEO, ERM said:
“As companies look to deliver on their net zero commitments, low-carbon technologies will play a critical role in accelerating the clean energy transformation. With this latest acquisition, we are further strengthening our leadership in this rapidly expanding sector. This puts us in a unique position to help our clients unlock the huge potential of current and disruptive low-carbon technologies and to support them at all phases of their decarbonization journeys. We are thrilled to welcome Element Energy to the ERM Group.”
ERM has been actively expanding its skillset and capabilities in the sustainability and energy transition consulting space, with today’s announcement marking its seventh acquisition so far this year. Other recent ERM acquisitions include renewable energy consultancy Arcus, Dutch sustainability consulting firm Sustainalize, energy, sustainability strategy consultancy E4tech, and renewable energy advisory firm Renewables Consulting Group (RCG).
Earlier this year, global alternative asset investor KKR announced the acquisition of a majority stake in ERM.
Following the new deal, ERM’s 5,500-plus team will grow by 90 international experts, including Element Energy’s executive members, along with low-carbon energy expert, co-founder, and director Ben Madden. Commenting on the acquisition, Madden said:
“We are delighted to be joining ERM. We are very much looking forward to deepening our relationship with the ERM Group over the coming months, following numerous successful collaborations pre-acquisition. We are confident that the alignment in values between our organizations means that we will have a successful future serving the needs of our clients and bringing about the change required to achieve the global energy transition.”