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POWWR announces multi-million-pound investment

Published: February 4, 2026 at 12:50 pm

POWWR, an energy software provider, has received a significant multi-million-pound cash injection from Five Elms Capital.

The investment will be used to bolster POWWR’s product innovation and enable it to increase its headcount by up to 40% over the next 12 months.

Paul Hodnett, founder of the UK business formerly known as UD Group, has been appointed as CEO in place of Matt Tormollen. In 2019 POWWR merged with UD Group.

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