SMART METER ASSETS

Supporting the transition to net zero

through the provision of critical assets

Fifth largest meter asset provider in the UK with a large and growing portfolio of smart meters.

Energy

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AEIF2

Vehicle

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2021

Investment year

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Invested

Status

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United Kingdom

Country

Asset manager

Christian Scott-Mackenzie

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Ownership

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Smart meters

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Country

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Employees

5th in Northern Europe Network Utilities

Market

  • SMA operates as a meter asset provider, supporting UK energy suppliers to comply with their obligations to provide smart meters to all households and small businesses across the country by June 2025
  • Energy suppliers have installed 35.5m smart meters in domestic and commercial premises in the UK as at March 202, covering c. 62% of the total market and thus leaving considerable scope for growth in the smart metering sector
  • Smart meters are a key enabler of the UK’s Net Zero 2050 ambitions and are backed by wide support from both government and industry players

Asset

  • SMA leases smart meters under a contractual framework providing long-term visibility on revenues and costs
  • The company holds a large and diversified portfolio of contracts with energy suppliers for the long-term rental of smart meters at pre-agreed terms
  • The company has an established track record in the sector, funding smart meters for key customers from 2016 and building one of the largest portfolios in the market in less than four years

Arcus news 

July 17, 2024
Workdry announces strategic expansion into North America with the acquisition of Holland Pump Company
June 24, 2024
Arcus announces the sale of AEIF2’s interest in Constellation Cold Logistics
June 20, 2024
Arcus makes investment into eze.network, the fifth investment for its third fund
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Date joined

June 2022

Office

London

English

Polish

French

Afrikaans

Karol joined Arcus in June 2022 as a Senior Investment Executive. Prior to joining Arcus, Karol worked in the digital infrastructure origination team at Amber Infrastructure and in the infrastructure principal investments team at Macquarie Capital. Karol is a member of the Digital Origination Team. His infrastructure experience to date has been primarily focused on infrastructure origination.

Karol holds a BA in Accounting and Finance from University of Manchester.

Management roles

  • Head of Energy Sector Team
  • Investment Committee Member