Bulb founder steps down

Bulb chief energy officer Amit Gudka has announced he is stepping down from his role at the company he co-founded to start an energy storage and infrastructure business.

Gudka, who launched the disruptor brand with Hayden Wood in 2015, will remain on Bulb’s board and on the board of the Bulb Foundation. Wood will continue to lead the company as chief executive.

A joint statement from the pair said Gudka has recently become “increasingly interested” in the role battery storage will play as more and more renewable energy is integrated into the grid.

“Just as we felt a little over five years ago that we’d landed on a challenge we couldn’t pass up, Amit’s work on battery storage has left him compelled to look further into this exciting and emerging field”, it said.

The founders added: “We feel lucky to have been at the helm of this incredible company together over the past five years, and to have seen such a warm response from our members who’ve voted with their feet to join us on the journey to a fairer kind of energy industry and a greener planet.”

London-based Bulb now has a 6 per cent market share with more than 1.6 million customers and is classed as a ‘large’ supplier, alongside the likes of British Gas and Eon.

The retailer has also expanded further afield, with a presence in France, Spain and the US state of Texas.

Bulb chairman John Wells said: “It’s been a privilege to work with Hayden and Amit and watch Bulb go from strength to strength over the past five years.

“I’d like to say thank you to Amit for the role he’s played both as a co-founder and chief energy officer. Bulb remains in excellent hands with Hayden continuing at the helm as chief executive and with a fantastic team in place to support him.”