Starting life in 1995 as a gas connections company – the same year as the launch of AIM – Glasgow-based SMS has grown into an enterprise that is at the forefront of transforming and decarbonising the UK’s energy networks. And, says its CEO Alan Foy, the opportunities in front of the business are “incredible.”
The company finances, installs, manages and maintains smart meters. At the end of 2019 there were 16.5m smart and advanced meters operating in the UK, leaving more than 36m still to be exchanged. That spells a full order book. “There is tremendous growth on the smart meter front,” says Foy. (The government’s goal is to have 85% of all meters being smart by the end of 2024).
And SMS is already embracing a far wider role in the decarbonisation of the UK by providing end-to-end energy management services – such as grid connections and energy monitoring and targeting – to a customer base that includes energy utilities and telecoms companies, Network Rail and local authorities. For example, it is a lead consultant and delivery partner for the Orkney Energy Project, which aims to make the island 100% green.