Rendesco has acquired ADP Group’s geothermal drilling operations following a successful fundraising earlier in 2024. This acquisition aims to reduce the costs of delivering renewable heat by integrating ADP’s drilling expertise with Rendesco’s design, project management, and engineering capabilities.
Tom Page, Managing Director of ADP Group, will join Rendesco as Head of Drilling, while Josh Creed will take over as Managing Director of ADP Group, and Dave Telford will join the board as Operations Director.
The acquisition comes after Rendesco’s £6 million capital raise, led by Clean Growth Fund, Eurazeo, and Aviva Ventures. Earlier this year, Rendesco announced it would design and install the UK’s largest water-source heat network for Welborne Garden Village, set to provide clean heating, hot water, and cooling for 6,000 homes.
ADP Group will continue its geothermal market presence as the exclusive UK distributor for Elgin Separation Solutions.