Macquarie sells I&C smart meter portfolio to Energy Assets Group
It has divested Cortex Metering Solutions (CMS), a Meter Asset Provide in the UK I&C sector with more than 600,000 meters rented to more than 80 energy suppliers
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Macquarie Specialised and Asset Finance has announced the sale of its industrial and commercial (I&C) smart meter portfolio in the UK to Energy Assets Group.
It has divested Cortex Metering Solutions (CMS), a Meter Asset Provider (MAP) in the UK I&C sector with more than 600,000 meters rented to more than 80 energy suppliers.
Smart meters provide energy consumption data to customers and energy suppliers in near real-time, with the rollout a key enabler towards a more efficient energy system and gives customers more information and control over their energy use.
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Macquarie agrees to sell UK commercial and industrial smart meter portfolio to Energy Assets Group
Macquarie Specialised and Asset Finance (Macquarie) – part of Macquarie’s Commodities and Global Markets Group – has successfully divested Cortex Metering Solutions (CMS), a UK industrial and commercial (I&C) smart meter portfolio, to Energy Assets Group (Energy Assets).
With more than 600,000 meters rented to more than 80 energy suppliers throughout Great Britain (GB), CMS is a leading Meter Asset Provider (MAP) in the GB I&C sector. Energy Assets is one of Britain’s fastest growing independent I&C multi-utility metering and data services businesses, helping public and private sector organisations improve their energy efficiency through ground-breaking analytics and innovative customer-focused processes. The company also designs, constructs, adopts, and owns multi-utility networks.