Insights

Regulatory Transition Tonik Energy entered administration in 2020 and Ofgem appointed Scottish Power as the new supplier for remaining customers, indicating a current vulnerability and ongoing regulatory and supplier transition needs that potential partners can address with continuity solutions.

Debt and Obligation Risk Historical issues with Renewable Obligation payments suggest financial and compliance risk; a potential buyer or partner could offer risk management, RO compliance services, or financial restructuring expertise to stabilize customers and avoid future regulatory penalties.

Tech Modernization Existing tech stack includes SQL Server, integration services, and web technologies; there is opportunity to offer modernization, data integration, and cybersecurity services to energy suppliers undergoing consolidation or turnaround.

EV and Solar Momentum Past activity includes investment in solar, battery storage, and EV charging initiatives; potential upsell for solar/storage and EV charging deployments to other utilities or developers seeking turnkey commercial-grade solutions.

Strategic Partnerships Past investments and acquisitions (The Phoenix Works) indicate a strategy around vertical integration in renewables and EV infra; sales opportunities exist for collaboration on fleet electrification, installer networks, or distributed generation projects with aligned partners.

Similar companies to Tonik Energy

Tonik Energy Tech Stack

Tonik Energy uses 8 technology products and services including Hotjar, Power BI, Amazon Web Services, and more. Explore Tonik Energy's tech stack below.

Media & News

Tonik Energy's Email Address Formats

Tonik Energy uses at least 2 email formats:
Tonik Energy Email FormatsExamplePercentage
First.Last@tonikenergy.comJohn.Doe@tonikenergy.com
91%
Last@tonikenergy.comDoe@tonikenergy.com
9%

Frequently Asked Questions

What is Tonik Energy's official website and social media links?

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Tonik Energy's official website is tonikenergy.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Tonik Energy generate?

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As of July 2026, Tonik Energy's annual revenue is estimated to be $1M - $10M.

What is Tonik Energy's NAICS code?

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Tonik Energy's NAICS code is 22 - Utilities.

How many employees does Tonik Energy have currently?

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As of July 2026, Tonik Energy has approximately 51 employees across 4 continents, including Europe, Africa and Asia. Key team members include Collections Team Leader: N. P., Senior Advisor: G. J. and Accounts Payable Assistant: R. P. Explore Tonik Energy's employee directory with LeadIQ.

What industry does Tonik Energy belong to?

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Tonik Energy operates in the Utilities industry.

What technology does Tonik Energy use?

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Tonik Energy's tech stack includes Hotjar, Power BI, Amazon Web Services, Atlassian Jira, Underscore.js, Microsoft Azure, Microsoft Teams and Adobe Creative Suite.

What is Tonik Energy's email format?

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Tonik Energy's email format typically follows the pattern of First.Last@tonikenergy.com. Find more Tonik Energy email formats with LeadIQ.

How much funding has Tonik Energy raised to date?

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As of July 2026, Tonik Energy has raised $17M in funding. The last funding round occurred on Feb 13, 2019 for $17M.

When was Tonik Energy founded?

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Tonik Energy was founded in 2015.
Tonik Energy logo

Tonik Energy

UtilitiesEngland, United Kingdom51-200 Employees

Tonik Energy Limited is a UK-based utilities company that operated as an energy supplier and is currently in administration; joint Administrators Matthew James Cowlishaw and Paul James Meadows were appointed on 12 October 2020. Ofgem appointed Scottish Power as the new supplier for all Tonik Energy customers. The company is headquartered at 156 Great Charles Street Queensway, Birmingham, England. It employs between 51 and 200 people. Historically, Tonik Energy pursued diversification into energy services and electric vehicle charging, including the 2018 acquisition of The Phoenix Works and a 2019 investment from Mitsui & Co., and it launched an electric vehicle charging service. There are reports in 2020 and 2023 of Tonik Energy failing to pay Renewable Obligation fees.

Section iconCompany Overview

NAICS Code
22 - Utilities
Founded
2015
Employees
51-200

Section iconFunding & Financials

  • $17M

    Tonik Energy has raised a total of $17M of funding over 1 rounds. Their latest funding round was raised on Feb 13, 2019 in the amount of $17M as a Series A.

  • $1M - $10M

    Tonik Energy's revenue is estimated to be in the range of $1M - $10M

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