Smart meter in front of a kettle

UK | Network Utilities

Maple (Project Spring)

MapleCo is an owner of domestic gas and electricity smart meters, located wholly within the UK. There are 1.5 million installed meters in the portfolio as at the point of acquisition in November 2020, with a further 3.65 million contracted to be installed over the period to 2026.

Revenues are generated from rental payments from energy suppliers, who are predominantly investment grade rated counterparties. The company is managed by SGN Smart, a subsidiary of SGN.

The company is wholly owned by Funds managed by Equitix.