HORIZON ENERGY INFRASTRUCTURE
Developing sustainable
partnerships with UK energy providers
A growing and dynamic Meter Asset Provider engaged with some of the key players in the UK energy market.
Energy
AEIF2
Vehicle
2019
Investment year
Invested
Status
UK
Country
More about Horizon
0
%
Ownership
0
m
Smart meters
0
Energy suppliers
0
Employees
3rd in Northern Europe Network Utilities
Market
- Horizon operates as a Meter Asset Provider, supporting UK energy suppliers to comply with their obligations to provide smart meters to households and businesses across the country
- The first phase of the UK government’s mandated roll-out plan targeting the replacement of c. 36 million traditional meters with the installation of smart meters is due to complete in 2028
- There are currently 55.5m meters installed in the UK, of which 62% are smart, leaving c. 21m smart meters left to be installed
Asset
- Horizon leases smart meters under a long term contractual framework providing long-term visibility on revenues and costs
- The company has a large and diversified portfolio of customers with a strong competitive position leasing to the fast growing innovative and independent energy suppliers
- The company has developed a strong network of partnerships with leading meter manufacturers and installation service providers in order to provide their customers a high quality and fully integrated service
- The company has a long track record in the sector having participated in the deployment of smart meters in UK since 2009
- The strong operating capabilities and established relationships of the company also provide scope for exploring development opportunities in adjacent segments of the energy sector
