Fulcrum granted iDNO licence
Fulcrum Utility Services Limited has announced 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).
8th November 2017 by Networks
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.”
Fulcrum is a multi-utility infrastructure and services provider based in Sheffield, UK. 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.
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