SNRG designs, builds and operates all-electric solutions – and crucially funds them too, with the backing of Antin Infrastructure Partners.
Antin is a leading independent private equity firm, managing £25.5 billion of assets across the world, and acquired a majority stake in SNRG in April 2022.
This was the first investment made by Antin as part of its NextGen strategy – the result of extensive research into trends and infrastructure that are going to shape our lives for years to come.
Based in Paris, London and New York, with 30 partners and more than 190 professionals, Antin targets investments in the energy and environment, telecom, transport and social infrastructure sectors.
Anand Jagannathan, Antin NextGen Senior Partner said: “With its first project implemented and a proven concept looking to be rolled out, we felt SNRG was the right company to launch our NextGen strategy with, as it focuses on value-added investing in sustainable, scalable and connected assets.
“We are excited at the opportunity to support SNRG in achieving the next phase of its growth, through the build-out of a significant, identified pipeline of projects procured through its relationships with major developers.”
Antin is a long-term investor committed to incorporating Environmental, Social and Governance (ESG) issues into its investment and decision-making processes.
SNRG was formed in 2018 with initial backing from Centrica, a leading energy services and solutions provider. Centrica retains a stake in the company.
Shane Hussain, SNRG CEO said: “As the all-electric, zero-carbon transition gathers pace in the domestic and non-domestic building sectors, customers are seeking next generation infrastructure solutions.
“Antin’s investment in SNRG, along with Centrica’s continuing involvement, will allow us to scale rapidly and meet the demand that is being driven by policy and society.
“We look forward to delivering low and zero carbon buildings throughout the UK.”
Building emissions contribute about 20% of total UK CO2 emissions, due to a historic reliance on fossil fuels, including gas, to provide heat to buildings.
For the UK to meet its Net Zero 2050 targets, it will need to reduce those emissions by 40% by 2030.
SNRG offers customers a one-stop-shop for smart grid solutions, comprising grid connections, distribution networks, solar PV panels, batteries, heat pumps and community EV charging.
This integrated approach – design, fund, build and operate – combined with SNRG’s optimisation technology, will maximise upfront and ongoing cost savings and carbon emissions reduction for customers.
SNRG has an initial live project in Corby, UK, which has been successfully demonstrating the business model of delivering savings to residents, while also providing low-carbon energy.
Further information: Antin Infrastructure Partners website