SP Energy Networks is boosting its technology services after completing a deal to buy Derryherk for an undisclosed fee.
The company improves data connectivity through its digital twin to enable network fault detection, forecast capacity constraint and provide active management of the low voltage network.
Guy Jefferson, SP Energy Networks’ Chief Operating Officer, said: “The electricity network is critical to electrifying and decarbonising the economy to support a net zero future. This technology will take us another step forward in building the smart grid of the future that will power cleaner and greener lives.”
The transaction furthers Iberdrola’s growth in the UK through its ScottishPower businesses, with investment of £12bn previously committed between 2024-2028 and boosted by the recent signing of agreements to acquire a majority acquisition of ENW (subject to the standard authorisations for this type of transaction) for around £2.1bn.
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