SSE's Story Is Just Beginning
SSE's 1H FY2025 results show strong financial growth driven by renewables and electricity networks. The company will benefit from supportive UK policies under the new government. Investments in regulated networks and long-term renewable contracts aim to enhance earnings stability.
National Grid and SSE may get cash from Ofgem fund to speed transmission network expansion
The UK energy regulator is mulling the launch of a £5-8 billion investment fund in 2025 to help speed the expansion of the UK electricity network. Under the current proposal, cash would be provided to allow the UK's three energy transmission owners to buy the equipment such as cables, steel and technology "years in advance" of when they need to use it, according to the Ofgem proposal, even before the project is finalised.
SSE, Orsted, ScottishPower win contracts in latest offshore wind auction
SSE PLC (LSE:SSE), Orsted and Scottish are among firms to have secured contracts under the UK's latest offshore energy allocation round. After no bids were submitted in last year's auction, nine offshore wind contracts were awarded in the UK's sixth allocation round, the government announced on Tuesday.
SSE: May Not Be Enough Force Behind Offshore Wind
SSE plc output seems to point to an on-track situation with renewable development, which has been an important business driver. Electricity prices are also tending upwards a bit, which should mitigate issues in thermal. In general, plenty of investment sink for the regulated utilities business in tackling electrification.
National Grid and SSE shares seesaw on Ofwat's new regulatory plans
Shares in National Grid PLC (LSE:NG.) and SSE PLC (LSE:SSE) were searching for direction on Thursday as investors reacted to energy watchdog Ofgem's initial decision on the financial framework for the next regulatory period starting in 2026.
AJ Bell, SSE, Qinetiq lead the way on Thursday
AJ Bell is being by UBS tipped to confirm an upsurge in business
TotalEnergies and SSE lay out ambitious EV charging plans in UK and Ireland
TotalEnergies and SSE PLC (LSE:SSE) have laid out ambitious plans to capture 20% of the electric vehicle charging market across the UK and Ireland through a new joint venture called Source. The JV plans to deploy up to 3,000 high-power charge points across 300 EV hubs, strategically positioned in urban areas and powered by renewable energy from SSE and TotalEnergies.
SSE and TotalEnergies team up to build 300 EV charging hubs in UK and Ireland
SSE PLC (LSE:SSE), the FTSE 100-listed renewable energy generator, has formed a joint venture to build 300 'charging hubs' around UK and Ireland with France's TotalEnergies. Under the brand Source, the business will target around a 20% market share, with hubs situated in "prime locations in and around urban areas", powered by clean energy provided by SSE and Total.
TotalEnergies, SSE to launch EV charging company in UK and Ireland
French oil major TotalEnergies and UK power firm SSE are seeking to grab a 20% share of the electric vehicle (EV) fast-charging market in Britain and Ireland by launching a joint venture named Source, the companies said on Tuesday.
SSE plc (SSEZF) Q4 2024 Earnings Call Transcript
SSE plc (OTCPK:SSEZF) Q4 2024 Earnings Conference Call May 22, 2024 5:00 AM ET Company Participants Alistair Phillips-Davies - CEO Martin Pibworth - CCO Barry O'Regan - CFO Conference Call Participants Rob Pulleyn - Morgan Stanley Mark Freshney - UBS Deepa Venkateswaran - Bernstein Ajay Patel - Goldman Sachs Jenny Ping - Citi Dominic Nash - Barclays Peter Bisztyga - Bank of America Harry Wyburd - BNP Paribas Exane Charles Swabey - HSBC Pavan Mahbubani - JPMorgan Alistair Phillips-Davies Good morning, and thank you for joining us for our Full Year Results Presentation. I'm joined by Chief Commercial Officer, Martin Pibworth; and Barry O'Regan, our Chief Financial Officer.
