Macquarie’s Specialised and Asset Finance business has signed a deal with So Energy to install second-generation (SMETS2) smart meter devices.
It is the first such deal Macquarie has signed with a challenger energy supplier and the first time it is offering installation and management of meters, through its partnership with Morrison Data Services.
Macquarie Specialised and Asset Finance is a meter asset provider (MAP), which owns more than ten million meters across the country, including more than five million smart and advanced meters.
Julian Liddy, senior managing director for specialised and asset finance, said: “This is a significant milestone for our business and demonstrates our desire and ability to both respond to the needs of our client, So Energy, and the broader market.
“We are looking forward to working with So Energy as they continue to grow and evolve their business over the coming years.”
So Energy was founded in 2014 and now serves 200,000 homes across the UK.
Aaron Sweet, head of commercial at So Energy, said: “Our new partnership with Macquarie will utilise their significant expertise in smart metering to ensure we can provide an even better experience and more smart solutions for our customers.”
According to the latest figures from the Smart Data Communications Company (DCC), more than 4 million SMETS2 smart meters have been installed throughout the UK.