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We were excited to learn that Thrive featured in the top 20 of businesses in the South West and placed 281st overall, with a 163% growth in revenue between 2021 and 2023. Thrive was in good company with the likes of OVO and Ethical Power also listed.
According to Business Leader, <a href="https://businessleader.co.uk/feature/growth-500">the Growth 500</a> is the largest and most comprehensive guide to the fastest-growing businesses in the UK. Compiled by Robert Watts, the man behind The Sunday Times Rich List, all the data is sourced from publicly available annual accounts filed by businesses with Companies House between May 1, 2024, and April 23, 2025.

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g500

G500

Thrive featured in the top 20 of businesses in the South West and placed 281st overall, with a 163% growth in revenue between 2021 and 2023.

Thrive ranks as one of the UK’s most ambitious businesses in the Growth 500 list

We’ll be enabling organisations to install solar arrays that are owned by Thrive, on or near their premises, so they can purchase the electricity generated at a fixed and discounted rate compared to the grid, with zero upfront capital investment. This agreement is sometimes referred to as a “direct wire” PPA.
The partnership specifically targets the Commercial and Industrial (C&amp;I) sector, public sector bodies, water utilities and education, empowering them to transition to clean energy through more accessible funding models.
The collaboration combines Plugyy’s expertise in developing, installing and operating solar and battery storage infrastructure with Thrive’s 30 years’ experience funding clean energy projects across the UK.

plugyy-launch

Plugyy launch

Making electricity generated by solar power more accessible and affordable. 

Scaling up solar: We’re partnering with Plugyy Energy Solutions to connect businesses, industry and public sector directly to clean electricity

Thrive was recently asked to speak at an event hosted by The Grantham Institute, bringing people together from across sectors to explore how businesses depend on and impact nature. And once again it reminded us of the need for continued, collective transformation if we’re to protect the UK’s biodiversity into the future.  
Biodiversity is everyone’s business 
Biodiversity is intrinsically linked with climate change – a challenge that is more widely acknowledged. That’s because biodiversity acts as the Earth’s natural defence system, with our oceans, forests, wetlands, swamps and other ecosystems helping to neutralise carbon emissions. In fact, research by The Nature Conservancy found that <a href="https://www.sweco.co.uk/transform/nbs/" target="_blank" rel="noopener">nature-based solutions</a> will provide up to 37% of the emission reductions needed by 2030 to keep global temperature increases under 2°C, potentially saving an estimated 11.3 billion tons of CO2e from being released into the atmosphere. This includes everything from building green roofs, using plants to absorb rainwater and cool buildings, to encouraging beavers to build dams to help stop flooding. 
From a business perspective, nature loss significantly disrupts supply chains, while also exposing companies to severe regulatory and reputational risk. Enhancing biodiversity should therefore be a top priority for companies looking to remain resilient, profitable and – quite frankly – do the right thing in a changing world. 
The opportunities in renewable energy 
We talk a lot about biodiversity net gain (BNG), which is a mandatory planning framework in England that requires developers to ‘leave the natural environment in a measurably better state than beforehand’. 10% BNG is the base line but there’s a real opportunity to go above and beyond this, for example we encourage creativity when working with ecologists – like creating an adjacent nature garden at our Bristol battery project. There are also opportunities to improve public access to the ecosystems close to sites – at Whitelaw Brae in Scotland, we’re planting thousands of native trees and establishing a new network of paths that will form part of the new River Tweed walking trail.  
Actively engaging with and promoting a circular economy can also protect against nature loss. There’s a growing opportunity for low carbon and recycled steel in development projects, while focus should also be given to how technologies like wind turbines are maintained – such as repurposing materials that have been historically hard to refurbish. For example, at our Sigurd turbine in Orkney we worked with a Scottish company called Reblade to repurpose the blades into EV charging points and bus shelters. This effectively reduces our waste related risks whilst also reducing supply chain related risks for other organisations.    
How we approach nature and biodiversity when building new clean energy projects  
As a renewable energy investment company, the risk we think about most is the potential impact to habitats and species during the construction and operational phases of a project. We mitigate any impact through extensive ecological surveys, which inform what we build and where. We also develop an ongoing biodiversity management plan for each site with specific targets – committed to implementing at least 10% biodiversity net gain while identifying any additional voluntary, site-specific enhancements that could be made.  
Due to the nature of our work, we also need to think about how we influence the supply chain. Thrive does thorough due diligence on suppliers and their products, but it’s important that we continue using our voice to advocate for greater transparency and standards within the industry. One thing we’re particularly proud of is feeding into the development of the Solar Stewardship Initiative ESG standard, which is now being used to assess solar manufacturers. The standard includes requirements for responsible biodiversity management and going forward we can see which manufacturing facilities have been assessed against this standard. Although there’s much more that can and should be done, if buyers like us demand products that protect and enhance nature, suppliers will have no choice but to adapt.

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Feeder_Rd_19_June_24-27

In a changing word, biodiversity is everyone's business. 

Wild world: How business is contributing to a nature positive planet

This means we have now raised over £70 million to date (most of that via crowdfunding), empowering thousands of people to take a stake in clean energy projects that tackle climate change and benefit communities.
Triodos Bank UK’s corporate finance division acted as lead adviser and promoter in respect of the bond offer, with the retail portion raised through the Triodos Bank crowdfunding platform.

The capital raised will support the development and construction of two new wind farms in Scotland and Wales and provide funding to enable communities to build and own their own local projects.
Construction is already underway at Whitelaw Brae wind farm in the Scottish Borders, which – with 14 turbines and 57MW capacity – is our biggest project to date. Once operational, it will be capable of generating up to 149,400 MWh of clean electricity per year, the equivalent of powering around 45,000 average UK homes, and delivering 65,000 tonnes of carbon dioxide emissions reductions annually.
Funding will also be used for the development of Abergorki wind farm in Rhondda Cynon Taf, South Wales. The three-turbine project is expected to begin operating in 2028 and will be capable of generating up to 40,000 MWh of clean electricity per year, the equivalent of powering over 12,400 average Welsh homes.
We are continuing to make an impact by investing in community energy, with capital also going into community-owned wind and solar, providing the flexible funding to get local projects built and operational. Last year we announced our new joint venture, Community Energy Catalyst (CEC), which will invest up to £40 million in new community projects, and have committed to offering community groups the opportunity to buy a share of any new projects we acquire.

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27 Jul 2026

22 Jul 2026

16 Jul 2026