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Freetricity is a company that provides residential
solar power Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovolta ...
systems under the feed-in tariffs in the United Kingdom. It was started by
Ben Way Ben Way is a serial entrepreneur and author best known for his appearance on ''Secret Millionaire'', '' The Startup Kids'' and as a cast member on '' Start-Ups: Silicon Valley'', he started his first company at the age of 15. He went on to raise ...
and Paul Williams who met on ''
The Secret Millionaire ''The Secret Millionaire'' is a reality television show which originated in the UK, in which millionaires go incognito into impoverished communities and agree to give away tens of thousands of pounds (or tens of thousands of dollars in the US and ...
''. It is reported that the company has access to between $50 million and $700 million in funding for the UK market. They are registered under the Renewable Energy Assurance Ltd's Renewable Energy Consumer Code (REAL). In 2012, the company entered the
biomass heating system Biomass heating systems generate heat from biomass. The systems fall under the categories of: *direct combustion, *gasification, *combined heat and power (CHP), *anaerobic digestion, *aerobic digestion. Benefits of biomass heating The use of bio ...
and
heat pump A heat pump is a device that can heat a building (or part of a building) by transferring thermal energy from the outside using a refrigeration cycle. Many heat pumps can also operate in the opposite direction, cooling the building by removing ...
market under the
Renewable Heat Incentive The Renewable Heat Incentive (the RHI) is a payment system in England, Scotland and Wales, for the generation of heat from renewable energy sources. Introduced on 28 November 2011, the RHI replaces the Low Carbon Building Programme, which closed in ...
scheme. They opposed the government ''
Feed-in Tariff A feed-in tariff (FIT, FiT, standard offer contract,Couture, T., Cory, K., Kreycik, C., Williams, E., (2010)Policymaker's Guide to Feed-in Tariff Policy Design National Renewable Energy Laboratory, U.S. Dept. of Energy advanced renewable tariff, ...
'' (FIT) cuts, in 2011.


References

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