Investments

Our investment in biomethane assets has enabled 100,000 homes to be supplied with green gas which equates to a carbon equivalent saving of 220,000 tonnes per annum.

We are committed to the UK’s net-zero targets and have directly invested over £40 million in biomethane assets and ventures.

We are supporting SGN with it’s aims to supply 450,000 properties to with green gas by the end of the RIIO-GD2 price control period in 2026 and will continue to explore green investment opportunities.

Our wider business has recently entered into a 50:50 joint-venture with Murphy and created Murphy Utility Assets (MUA).

MUA has been established as a utility connections asset owner and plans to enter the market for both Independent Gas Transporters (IGTs) and Independent Distribution Network Operators (IDNOs).

Initially, MUA will focus on taking on gas and electricity infrastructure assets across the UK but there are longer term plans to develop a ‘one-stop shop’ for all utility infrastructure on new developments. This will include future energy solutions such as heat networks.

Click here for MUA

Our Commercial Director, Simon Reilly commented:

“This is an exciting opportunity for us to enter a new market. As well as aligning neatly with our property development business SGN Place, this new venture leverages our group’s core skills and experience as an infrastructure owner and operator combining with Murphy’s established presence in the construction market”.

Our sister company formed in 2018, SGN Place, is the property disposal and development arm of SGN. SGN Place aims to support a plan of re-using and redeveloping brownfield land. By developing these sites we want to support community safety and sustainability. We believe these disused gasholders can be transformed and brought back to the communities they reside in; we aim to deliver 6000 homes over the next decade.

To find out more about SGN Place, please click here.