Fulcrum Awarded Significant Smart Meter Contract

RNS Number : 7003U

Fulcrum Utility Services Ltd

01 April 2019

 

1 April 2019

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Fulcrum Awarded Significant Smart Meter Contract

Fulcrum Utility Services Limited, the UK's market leading independent multi‐utility infrastructure and services provider, is pleased to announce that it has entered into an agreement with an energy supplier to provide services as an integrated smart meter installer, meter operator and meter asset manager. The agreement provides Fulcrum with the opportunity to supply and install 90,000 SMETS2 domestic meters and is the first significant smart meter contract since the Company chose to enter into the market earlier this year, having gained the accreditations to install, own and operate smart meters.

Fulcrum continues to see the benefits of cross-selling within the Group, with CDS Pipe Services Limited, its specialist engineering subsidiary, securing a £0.5 million contract to design and construct complex gas infrastructure for Short Term Operating Reserve in the North West on behalf a power plant developer and operator.  Once installed, Fulcrum Pipelines will own and operate the gas infrastructure.

Martin Harrison, Chief Executive of Fulcrum, said:

"As we establish and grow our metering business, we are delighted to have been appointed to bring the benefits of smart meters to our client's customers as we supply and install 90,000 SMETS2 domestic meters."

Enquiries:

Fulcrum Utility Services Limited Hazel Griffiths, Chief Financial Officer Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Michael Johnson (Sales) Camarco (Financial PR advisers) Ginny Pulbrook / Tom Huddart

[phone] [phone] [phone]

Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider based in Sheffield, UK. The Company's primary business is the provision of utility infrastructure services to the residential, commercial and industrial markets throughout the mainland UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiaries, Fulcrum Pipelines Limited and Fulcrum Electricity Assets Limited, Fulcrum is also licensed as an Independent Gas Transporter and Independent Distribution Network Operator, owning and operating gas and electrical assets that connect properties to the main UK gas and electricity networks. Fulcrum is also a meter asset manager, owning and operating meter assets across mainland UK.

In 2018 Fulcrum acquired the Dunamis Group, an electrical infrastructure services company, creating one of the UK's leading gas and electrical infrastructure services groups.

http://www.fulcrum.co.uk/

 

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