Energy Assets’ independent local network businesses are powering ahead, with more than 50,000 electricity and gas supply points taken into ownership or contracted since their launch just over a year ago.
Energy Assets Networks (electricity) and Energy Assets Pipelines (gas) have grown their asset management portfolio rapidly thanks to partnerships with contractors, house builders and developers across Britain.
As a leading independent asset management business, Energy Assets took the strategic decision to move into local energy network ownership in 2018 to capitalise on its in-house multi-utility design and construction expertise.
Since launch, the network companies have won contracts with numerous independent connection providers and developers, thanks to innovations in asset-based finance and a flexible approach to asset type adoption in house building and in industrial and commercial markets.
“Britain’s housebuilding programme is accelerating, so our focus is on helping house builders and contractors speed up network design and approvals to deliver projects in the shortest possible timescale,” says John McLuskey of EAP. “At the same time, we are also engaging with the industrial and commercial sector to add value to developers involved in building schemes that range from retail units to data centres.
“By partnering with us, developers can realise the inherent value in utility asset rebating to offset network construction costs, while receiving expert support in areas such as certification and compliance, making the whole process as efficient as possible.”