Horizon Energy Infrastructure

What Horizon Energy Infrastructure does

Horizon Energy Infrastructure (HEI) is a UK-based Meter Asset Provider (MAP) that funds, owns and manages smart and advanced electricity and gas meters on behalf of energy retailers. Founded in 2009 as Utility Funding Limited and rebranded to HEI in November 2019, the company is headquartered in Salisbury, operates from a single site (Brewery House, 34-44 Gigant Street) with 11-50 employees, and is currently owned by KKR following its June 2025 acquisition. HEI's core offering is the rental-based deployment and ongoing asset management of SMETS1 and SMETS2 smart meters, AMR devices, and industrial & commercial (I&C) meters, with a deployed base of 1.2M+ meters (3.5M combined with Smart Meter Assets prior to the announced three-way SMS/HEI/SMA combination, which will take the merged group to over 6 million meters).

The business model is built on long-term rental contracts with UK energy retailers, supplemented by installation programme management services that bring together meter manufacturers and installers. Revenue mechanics are recurring managed-services income on the deployed meter base. HEI works with 30+ UK energy retailers spanning the largest utilities (British Gas, SSE, Total, ENGIE) and independent challenger brands (Octopus, Ecotricity, Opus Energy, So Energy, Rebel Energy, First Utility). The customer roster is reported to represent approximately 30% of the UK energy retail market.

Beyond core metering, HEI has extended into adjacent low-carbon asset financing through its Horizon Energy Ventures division, which funds EV charging infrastructure, heat pumps and micro grid solutions for private and public sector customers. KKR's June 2025 acquisition explicitly underwrites continued SMETS2 rollout, scale-up of these adjacent verticals, and a planned geographic expansion into Germany with smart electricity meter financing. The operating company holds ISO 9001 and Investors in People certifications and publishes a Green Finance Framework to support green asset funding.

Name

Horizon Energy Infrastructure

Legal name

Horizon Energy Infrastructure Limited

Website

https://horizonei.co.uk

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Horizon Energy Infrastructure is a UK Meter Asset Provider that funds, owns and manages smart and advanced meters for 30+ energy retailers under long-term rental contracts, and extends asset financing into EV charging, heat pumps and micro grids via its Horizon Energy Ventures division.

Ownership category

akta.pro rank

Product category

Smart Metering Infrastructure Financing

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Totalizing Fluid Meters & Counting Devices (3824)

akta.pro industry

PRIMARYBPABAGAD

Energy Management & Monitoring (Submetering, Dashboards, Analytics)

Business & Public Services/Facilities Management & Building Services/Building Automation, Energy Management & Smart Building Services

SECONDARYFSAAAKAG

Renewable Energy Infrastructure

Financial & Insurance/Asset & Wealth Management/Asset Management — Real Assets (Real Estate, Infrastructure, Natural Resources)

SECONDARYEUAEANAI

Grid Data & Analytics Enablement (MDM, Data Integration, Hosting)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Smart Grid Infrastructure Services

Keywords

• Smart meter financing
• Meter asset provision
• Energy infrastructure funding
• Low carbon asset finance
• Smart metering services

Headquarters

HQ city

Salisbury

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Meter Asset Provision and Management: Provides funding and management of smart and advanced meters to energy retailers. Generates recurring revenue through rental contracts with energy suppliers for meter assets deployed. Assets include SMETS1, SMETS2, AMR and domestic meters.
2. EV Charging and Heat Pump Asset Financing: Funding solutions for adjacent low carbon technologies including EV charging infrastructure and heat pumps under Horizon Energy Ventures division. Revenue generated through financing arrangements with private and public sector customers.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Horizon Energy Infrastructure is a UK-based Meter Asset Provider (MAP) that funds and manages smart and advanced meters on behalf of energy retailers. It provides flexible funding solutions, deployment programme management, and ongoing asset management for SMETS1 and SMETS2 meters, and through its Horizon Energy Ventures division extends asset financing into EV charging infrastructure, heat pumps, and micro-grid solutions.

Product overview

Horizon Energy Infrastructure operates as a Meter Asset Provider (MAP) offering a unified platform of funding and deployment solutions for smart energy infrastructure. The core product is the Meter Asset Provision & Asset Management service, supported by SMETS1 & SMETS2 Smart Metering capabilities. The company extends beyond metering through its Horizon Energy Ventures sub-brand, which provides EV Charging Solutions, Heat Pump Financing, and Micro Grid Solutions as adjacent technology products. The Green Finance Framework ties together the funding mechanisms for these low-carbon assets. The company manages over 1.2 million meters and works with 30+ energy retailers across the UK.

Differentiator

Problem solved

Functional benefit

Brands

• Horizon Energy Ventures: Division focused on asset finance in adjacent energy technology markets including EV charging infrastructure funding solutions for private and public sector customers, as well as heat pump financing options.

Products and services

• Meter Asset Provision & Asset Management Core service providing funding and management of smart and advanced meters for energy suppliers in both domestic and non-domestic UK markets. Manages meter deployment programmes, installation contracts, and ongoing asset management.
• SMETS1 & SMETS2 Smart Metering Deployment and management of SMETS1 and SMETS2 smart meters for energy retailers. Covers domestic and I&C (Industrial & Commercial) meter installations with AMR capabilities.
• EV Charging Solutions Funding solutions within the Horizon Energy Ventures division to support commercial roll-out of EV charging infrastructure for private and public sector customers.
• Heat Pump Financing Innovative financing options within the Horizon Energy Ventures division to support the roll-out of heat pumps for UK homes and businesses.
• Micro Grid Solutions Funded asset solutions for power generation, storage, trading and control technologies in the home and workplace, supporting the road to zero carbon by 2050.
• Horizon Energy Ventures Division focusing on asset finance in adjacent energy technology markets, including EV charging, heat pumps, and micro-grid equipment deployment.

Quantifiable outcome

• Supports energy retailers maximise commercial opportunities while fulfilling regulatory obligations
• +1 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Smart Metering Systems (SMS)coreStrategic or Co-development Partner · 29 November 2024Smart Metering Systems (SMS) announced its combination with Horizon Energy Infrastructure (HEI) and Smart Meter Assets (SMA) to establish a leading UK smart metering infrastructure provider. The merged group will manage over 6 million meters. SMS was advised by Simpson Thacher on this transaction.
• Smart Meter Assets (SMA)coreStrategic or Co-development Partner · 29 November 2024Smart Meter Assets (SMA) combining with SMS and HEI to create a leading UK smart metering infrastructure provider. SMA currently manages meters alongside HEI's 3.5 million meters, with the combined entity managing over 6 million meters.
• Meter ManufacturerscoreTechnology or IntegrationHEI brings together key parties including meter manufacturers and installers as part of their full partnership solutions for energy retailers.
• InstallerscoreChannel Partner/ Reseller/ DistributorHEI partners with installation contractors as part of their full partnership solutions, bringing together manufacturers and installers to deliver smart meter deployment programmes.

Scale indicators5 records

Recent moves3 records

Expansion highlights5 records

Emerging players

• EDMI: Singapore-based smart meter manufacturer (Osaki Electric subsidiary) with strong UK and Asia-Pacific utility customer base. Provides SMETS2 meters to UK energy retailers competing in HEI's addressable market.
• Kamstrup: Danish smart metering solutions provider with UK presence. Offers meters and smart grid infrastructure for utilities; comparable business model focused on smart meter deployments across European markets.

Broad incumbents

• Itron: US-listed global smart metering and utility analytics provider. Sells meters, network solutions, and managed services to utilities worldwide, including UK energy retailers - broader scope but overlapping end market with HEI.
• Sagemcom: French-headquartered smart meter and broadband solutions manufacturer with significant UK and European utility exposure. Provides metering hardware and communication systems to the same UK energy retailers served by HEI.
• Landis+Gyr: Global smart meter manufacturer and grid management solutions provider. Operates broadly across the smart metering value chain (manufacturing, communications, software) with overlapping UK and European utility customer base to HEI.

Direct peers

• Smart Meter Assets: UK Meter Asset Provider managing a portfolio of smart and advanced meters. Announced combination with HEI and SMS in November 2024 to create a leading UK smart metering infrastructure provider with 6M+ meters.
• Calvin Capital: UK Meter Asset Provider offering similar MAP, asset management, and funding solutions to energy retailers. Directly competes with HEI in the SMETS1/SMETS2 funding market for UK energy suppliers.
• Smart Metering Systems: UK-listed Meter Asset Provider and asset manager of smart and advanced meters with a multi-million meter portfolio. Direct MAP competitor that has announced a combination with HEI and SMA to form a 6M+ meter UK platform.

Others

• Octopus Energy: Major UK challenger energy retailer and HEI customer for smart meter rollout. Adjacent ecosystem player; not a MAP competitor but vertically integrated retail suppliers could in-source MAP functions over time.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Horizon Energy Infrastructure