A majowith 20,000 customers is reportedly on the brink of collapse after filling a notice for administrators this week.

Ripple Energy - which describes itself as a cooperative - issued a notice to appoint administrators on Monday and is currently working with restructuring experts at the finance firm Begbies Traynor. A Notice of Intention (NOI) is a document filed in court stating a company's intention to appoint administrators in an attempt to save the business from liquidation - or collapse. Often, companies file these notices in the hope of getting a rescue bid.

However, according to industry experts, it is unclear how this could happen due to the complexity of the energy firm's assets. Ripple Energy is not an energy supplier. The company allows customers to buy shares, which would give them a stake in a solar panel park or wind farm, which will then give them discounts on their, which is provided by major suppliers. Energy firms partnered with the company include , E.on Next, and Good Energy

According to its website, how much you buy is up to you although the minimum spend sitting at £25.The website explains: "Your cost is a one-off payment that funds construction. We will never ask you for more money. Once built, your share of the solar park or wind farm is fully insured against damage and malfunction."

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Ripple Energy says most of its "members" aim to own enough renewable energy to cover 100% of their home's electricity consumption - although they can buy as much as 120%. The website says: "The more you buy, the more you save". It claims those who simply sign up could save 25% on their . According to its website, the company has over 20,000 members.

On the potential collapse, customers who have bought shares in the company could lose their investments, but their energy supply will not be affected.

A spokesperson for Begbies Traynor told : "On March 17, 2025, Craig Povey and Gareth Prince of Begbies Traynor were appointed as Joint Administrators to Ripple Energy Limited. The Joint Administrators are in advanced discussions with a number of interested parties.

"Ripple Energy will continue to trade while the Joint Administrators seek a suitable buyer of the business and it is anticipated that there will be no disruption to the service during the sale process."

The business was founded in 2017 by company CEO Sarah Merrick and has around 35 employees. The company saw a chunk of its investments come during the 2022 energy crisis when bills were skyrocketing.

Last year Ripple Energy secured a £21.8million loan from Virgin Money for a wind farm in Ayrshire, . It had also secured £20million of funding from institutional investors for a solar park in Derril Water. Last October, work began on the 164-acre solar farm in Devon. At the time, Ripple Energy said the move project could generate electricity for around 14,000 homes. Ripple Energy said the project was expected to be operational by spring 2025. It is now currently known how the move has affected the construction of the site. It faced major backlash from local residents when the project was announced - and when it was given the go-ahead.

On the construction of the site, a Department for Energy Security and Net Zero spokesperson said: "Solar is at the heart of our mission to make Britain a clean energy superpower. and the energy secretary has consented nearly 2GW of nationally significant solar since July. Our planning policies guide solar developments away from using the best and most versatile agricultural land.

"In fact, even in the most ambitious scenarios, solar would still occupy less than 1% of the UK’s agricultural land. Each development proposal will continue to be subject to thorough scrutiny, which means our plans to boost solar power and energy security do not risk the UK’s food security."

If you have an investment in Ripple Energy, you should gather information on your investment and wait to find out what type of insolvency process the company is taking. You can contact the administrator handling the case for details about your rights, any potential returns, or losss. Ripple Energy has not issued a statement on the move.

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