Macquarie affiliates invest in Energetics
Independent utility infrastructure specialist Energetics has received a substantial new investment from affiliates of Macquarie Group, a leading provider of banking, financial, advisory and funds management services, have provided the additional investment.
Glasgow-based Energetics, which employs more than 200 people across the UK, is fully accredited to design and build electricity, gas, water and street lighting networks at new-build residential and commercial property sites. It is also a licensed owner and operator of electricity and gas networks. Commenting on the new investment, Energetics chief executive Bill McClymont said: “We’ve grown consistently in recent years, despite tough market conditions, and the new funding means we can build on this successful history.
"We’ll now invest to grow market share, create jobs and extend our operations further across the UK, expanding the strong base we already have in Scotland and the North-West and Midlands of England. That will mean choice in utility connections being brought to a far greater number of developers and contractors, which I’m sure they’ll welcome."
McClymont said the investment "is a huge vote of confidence in our organisation", and a key objective for Energetics now is to make further inroads into the electricity connections market, where competition is not yet well-established, raising awareness of the alternative we provide to regional electricity distribution companies, such as Western Power Distribution and SSE.
- Erin Brockovich joins US water pollution campaigners Celebrated water quality campaigner Erin Brockovich has addressed residents in the US state of West Virginia who have been... Read More >
- Hawksley launches in the UK Hawksley Consulting, a wholly owned subsidiary of MWH Global, has launched in the UK and plans to be operating globally by... Read More >
- Costain profit up Costain says it remains on course to deliver a result for its current financial year that is in line with board... Read More >
- A glass half-full? Bringing water costs down for utility customers Mark Bullock, Balfour Beatty chief executive officer for rail and utilities, says the water sector must change its... Read More >
- INWED 2019: 'Each step was driven by choosing work I enjoy' To mark International Women in Engineering Day 2019 on 23 June, Fiona Barbour discusses her journey to becoming Mott... Read More >
- Interview: Kier Utilities' water MD Nigel Dyer Kier Utilities' Nigel Dyer tells Robin Hackett how the company is evolving to meet the changing demands on the water... Read More >
- Comment: New tech and partnerships will up the ante on leakage Closer partnerships, technology and connectivity will be the key to tackling leakage, with collaborative delivery... Read More >
- The search for safer streetworks practices Amey Utilities' HSEQ director, Gerry Mulholland, explains how the company’s 2020 Challenge and Know What’s Below... Read More >