Pinergy sees loss despite growth

Accumulated losses at the firm behind the Pinergy brand more than doubled to €5.7m in 2014 as the energy firm continued its expansion phase by doubling its customer base.

Accounts filed by New Measured Power Ltd that trades as Pinergy show that the firm’s accumulated losses increased by €3.3m to €5.79m in 2014.

The firm’s shareholder deficit at the end of December 2014 was €1.62m after the business received a cash injection of over €3m during the year.