Fulcrum granted iDNO licence by Ofgem

RNS Number : 8417V

Fulcrum Utility Services Ltd

08 November 2017

 

08 November 2017

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Fulcrum granted independent Distribution Network Operator (iDNO) licence by Ofgem

Fulcrum Utility Services Limited, the UK's market leading independent multi‐utility infrastructure and services provider, today announces that its operating subsidiary, Fulcrum Electricity Assets Limited (FEAL), has been granted an independent Distribution Network Operator (iDNO) licence by the Office of Gas and Electricity Markets (Ofgem).

The industry qualification processes, which will formally enable the Company to adopt and own electrical assets, are well underway and on-track. Completion is expected in early 2018.

Martin Harrison, Chief Executive Officer of Fulcrum, said: "The granting of this iDNO licence is an important strategic step for Fulcrum, allowing it to broaden and increase its long‐term income stream through the adoption of the electricity assets in addition to gas assets."

Enquiries:

Fulcrum Utility Services Limited Craig Baugh, Head of Marketing and Customer Engagement Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Nick Searle (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 main land UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiary, Fulcrum Pipelines Limited, Fulcrum is also licensed as an Independent Gas Transporter, owning and operating gas pipelines that connect properties to the main UK gas networks, and a meter asset manager.

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

 

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