Enabling the energy transition through a smarter grid
EA Technology at a glance
EA Technology (“EA”) is a leading solutions provider for monitoring and management of electrical grids and assets. The company’s industry-leading product suite comprising hardware, software and services promotes the development of decarbonized, resilient, accessible, low-cost energy networks globally.
EA originated in 1966 as a ground-breaking research and development organisation serving the UK electricity industry and today serves a global customer base across five regional offices in the UK, US, Australia, Singapore, and China.
- Year acquired
- 2024
- Sector
- Electricity Grid Decarbonization
- Revenue
-
GBP 48m
Fiscal Year ending March ’24 - Location
- Chester, UK
- Employees
- ~ 300
- Website
- https://eatechnology.com/
- Investment theme
- Resource Efficiency, Tech-Enabled Transformation
The challenges we face:
-
+ USD 20tn
estimated cost to upgrade electricity grids by 2050 to support a net-zero trajectory globally
-
GBP 1.5bn
curtailment cost associated with grid congestion in the UK 2022
-
5-8%
average annual energy supply loss across UK distribution networks due to outages/interruptions, distribution losses, demand variability and renewable intermittency
How does EA help?
Reality today:
The energy transition from a traditional fossil fuel-based system to renewables has a significant impact on the electricity grid. Higher electricity demand and volatility from electrification coupled with the intermittent and unpredictable nature of renewable energy sources, ageing grid infrastructure, and regulatory tightening is increasing the strain on ageing electricity grid infrastructure with significant investments required to futureproof networks.
EA’s approach:
EA’s solutions enable electrification and renewable power connectivity by improving the availability, reliability, and cost of operating grids through real-time network visibility, pre-fault detection, and predictive maintenance.
Aspirational future:
EA’s mission is to promote the global development of resilient, accessible, low-cost energy networks capable of supporting a decarbonized energy system.
Who is impacted?
EA supports a broad range of clients including network operators and large C&I customers to safeguard their power networks. In the process benefiting end customers, generation asset owners, local communities, and the environment by increasing the resilience of electricity grids, avoiding power outages, and optimizing asset performance and life.
What are the impact considerations?
Contribution:
EA enables electricity grid operators to modernize their infrastructure to support an electrified, renewables-based system. EA’s tools enable faster adoption of renewable energy sources, lower frequency of network interruptions/failures and decreased capital expenses and operational costs.
Risks:
Given the mission-critical nature of EA’s products, any operational issues could have localized adverse impact on the status and reliability of electricity grids.
