“Myself and my business partner Duncan were in Australia for a meeting when we learned we’d made it into the Fast 50 last year. We re-booked flights to get home in time,” said Paddy Finn, founding director of Electricity Exchange.
That’s how much the Fast 50 means to this Irish company.
The sudden change of plans was rewarded: the Limerick-based company took the top spot in the 2019 Deloitte Fast 50 ranking.
Finn said that the Fast 50 allows Electricity Exchange to engage in meaningful comparisons, including with companies he respects. “From our point of view, entering the Fast 50 was a good way to benchmark our pace. We have a lot of peers that we look up to and we wanted to compare ourselves to them. It benchmarks our programmes over time against other companies on a fast growth trajectory.
Alongside that, Deloitte’s imprimatur is a notable accolade. “It brings you into contact with a lot of other companies out there, as well as other stakeholders,” said Finn.
Electricity Exchange is now engaging on a ten-year strategy that will involve major investment. “What we’re gearing-up for is a ten year growth plan, expanding our operation into nine other jurisdictions around the world. We expect to have five years of investment and five years of very significant growth,” he said.
In 2020, despite the coronavirus pandemic, the company doubled its Irish staff numbers and now plans to create another 60 jobs in Ireland and one hundred internationally.