Consultancy firm Lane Clark & Peacock (LCP) has expanded its presence in the energy sector through the acquisition of energy research and consulting firm Delta-EE.
The financial details of the deal were not disclosed.
Headquartered in Edinburgh and with offices in England and continental Europe, Delta-EE's clients comprise many of Europe’s utilities, heating appliance manufacturers; controls companies, policy makers and investors.
Together, the new team will aim to provide data-driven research, products, forecasts and consultancy services to companies investing in the energy transition.
LCP’s energy team provides long term forecasts of the GB and Irish power markets to help government and industry understand revenue evolution and policy impact. The firm’s clients include generators, suppliers, investors, strategists, traders and policy analysts; mostly in the upstream sector.
Delta-EE focuses on the downstream part of the energy sector, providing data, analysis and opinion into the impacts of the energy transition, from subscription research into evolving markets and changing business models through to consulting services on how market trends impact utilities, manufacturing and technology companies across Europe, Japan and beyond.
LCP chief executive Aaron Punwani commented: “The partnership of Delta-EE’s downstream expertise with LCP’s upstream capabilities will be an immensely powerful one, meaning we can provide a wider range of clients with data-driven insights and holistic forecasts, helping to make a net zero future a successful reality.”
Andy Bradley, director at Delta-EE, added: “Enabling our clients to best drive and navigate the energy transition has always been at the heart of our work - by joining together with LCP, who have complementary skills and expertise together, we can accelerate and enhance the impact we have on the energy transition.
“Culturally, we are like-minded people with curiosity to develop new solutions in an evolving sector and the ability to cut through complexity.”
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