Page 35 - Gi flipbook March 2018

IGEM NEWS | Industrial Affiliates

Energy Assets moves into local

energy network ownership

Energy Assets

ENERGY ASSETS GROUP, provide innovations in approval timescales and of Energy Assets network
Britain’s leading independent asset-based finance, offer innovative asset-based ownership continues to
meter asset management network design, network finance packages. We are transform the competitive
company, has unveiled plans ownership, compliance and also one of just a handful landscape in the ‘final mile’
for rapid expansion in the management. of independent operators of utility connections and
‘final mile’ electricity and gas Colin Lynch, Energy Assets’ authorised by Ofgem for ownership. The flexibility
network ownership and Chief Executive Officer, says both gas and electricity that is available to IDNOs
operator market. the move into ‘final mile’ network ownership and such as Energy Assets
Energy Assets has been network ownership comes at management.” Networks creates innovative
awarded an Independent a time of great opportunity As part of this drive, the finance options for
Gas Transporter (IGT) and for the house builder and Group’s recently-acquired contractors and developers
Independent Distribution developer sector. business Utility Distribution that the existing distribution
Network Operator (IDNO) “Britain stands on the Networks Ltd, an IDNO, is network operators simply
license to own, adopt and brink of the biggest house being rebranded Energy cannot match.”
operate gas and electricity building programme for Assets Networks and will John McLuskey, who is
networks and the company generations,” he said. “With be building on its leading Energy Assets
has launched Energy Assets the government’s stated established relationships Pipelines gas operation,
Pipelines and Energy Assets aim of creating 300,000 with house builders and said: “With Energy Assets’
Networks as independent new homes every year, the contractors to drive proven asset management
gas and electricity network question is – how can expansion across Britain. expertise and our track
ownership entities. developers and contractors Gas network ownership record in delivering process
Working alongside its make the most of this will be managed through innovation, we see great
direct labour division and opportunity? Energy Assets Pipelines, a opportunities opening up
Dragon Infrastructure “To help house builders new business that will for our customers to speed
Solutions (part of Energy and NERS- and GIRS- leverage the group’s up network construction
Assets) the businesses are approved contractors extensive gas network through expert design
also partnering with deliver the most cost- design and asset certification, compliance
independent utility effective and efficient utility management expertise. support and flexible
construction contractors networks, we’ve created Debbie Edgar, Managing funding options, resulting in
and residential and ownership vehicles that will Director of Energy Assets a more cost-effective utility
commercial developers to speed up design and Networks, said: “The launch provision.” ■

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