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SP Energy Networks announces 19 preferred partners for £5.4bn supply chain programme

Nov 22, 2024•over 1 year ago

Contract Type

partnership

Energy

Description

SP Energy Networks has revealed 19 businesses as preferred partners to its £5.4 billion supply chain programme, aiming to upgrade the GB electricity grid and meet the increasing demand. The strategic partnership will run for an initial five years, with the option to extend up to 10, providing a long-term confidence and security to the involved businesses.

Company Information

Company

SP Energy Networks

About

SP Energy Networks is a network operator delivering electricity network investments and is a part of ScottishPower.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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