SP Energy Networks

Better Future, Quicker

General Information
Company Name
SP Energy Networks
Founded Year
1947
Location (Offices)
Glasgow, United Kingdom +1
Founders / Decision Makers
Number of Employees
1454
Industries
Energy
Funding Stage
Grant
Social Media

SP Energy Networks - Company Profile

SP Energy Networks is a prominent Energy startup based in the United Kingdom. With the slogan "Better Future, Quicker," the company is focused on transmitting, distributing, and connecting electricity to and from 3.5 million homes and businesses over its network, operating 24/7, 365 days a year. Covering major cities such as Liverpool, Glasgow & Edinburgh, which account for 1.6 million (46%) of its customer base, as well as three significant rural areas, the company has established itself as a key player in the UK's energy sector.

SP Energy Networks prides itself on its role in the energy ecosystem by taking electricity generated from power stations and renewable energy sources, transforming it to the required low voltage for homes, and transferring it through its extensive electricity network. The company also provides customers with new or upgraded connections to its network, showcasing a commitment to enhancing energy infrastructure.

Notably, the company is a major employer, with a distribution workforce of 2,600 internal employees, and it utilizes around 2,500 contractors across various regions. Its workforce comprises field staff, engineers, technical specialists, customer service, and support staff, strategically based at 17 locations in the South of Scotland and 17 locations in England and Wales. This reinforces the company's dedication to operational excellence and customer service by maintaining round-the-clock monitoring and support for its electricity network.

As a key player in the UK's energy landscape, SP Energy Networks serves as a leading Distribution Network Operator (DNO) in distributing renewable energy. It has already connected around 7GW of renewable generation to its networks, with more installations being integrated daily, solidifying its position as an essential contributor to the country's renewable energy infrastructure.

On 07 March 2024, the company secured a significant £275.00K grant investment from Ofgem, demonstrating external validation and support for its endeavors to revolutionize the energy sector. This investment further propels SP Energy Networks towards its goal of creating a more sustainable and efficient energy future for all.

Taxonomy: electricity distribution, energy network, electricity connections, infrastructure, UK operations, distribution network operator, renewable generation, technical specialists, power stations, field staff, engineering, customer support, maintenance

Funding Rounds & Investors of SP Energy Networks (2)

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Funding Stage Amount No. Investors Investors Date
Grant £275.00K 1 Ofgem 07 Mar 2024
Grant £10.00M 1 04 Jul 2023

Latest News of SP Energy Networks

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