Advisory firm Lane Clark & Peacock (LCP) has expanded its presence in the energy sector with the acquisition of energy research and advisory firm Delta-EE.
Financial details of the deal were not disclosed.
Headquartered in Edinburgh with offices in England and mainland Europe, Delta-EE’s customers include many European utility suppliers, heater manufacturers; controls businesses, policy makers and investors.
Together, the new team will aim to provide data-driven research, products, forecasting and advisory services to companies investing in the energy transition.
LCP’s energy team provides long-term forecasts of the UK and Irish electricity markets to help government and industry understand revenue developments and the impact of policies. The firm’s clients include producers, suppliers, investors, strategists, traders and political analysts; mainly in the upstream sector.
Delta-EE focuses on the downstream part of the energy sector, providing data, analysis and opinions on the impacts of the energy transition, from subscription research to changing markets and business models in evolution to advisory services on the impact of market trends on utilities, manufacturing and technology companies across Europe, Japan and beyond.
LCP Managing Director Aaron Punwani said, “The partnership between Delta-EE’s downstream expertise and LCP’s upstream capabilities will be extremely powerful, meaning we will be able to provide a wider range of customers data-driven insights and global forecasts, helping to make a zero future network a successful reality.
Andy Bradley, Director at Delta-EE, added: “Enabling our customers to best steer and navigate the energy transition has always been at the heart of our work – by partnering with LCP, who have complementary skills and expertise, we can accelerate and strengthen the impact we have on the energy passage.
“Culturally, we are like-minded people, curious to develop new solutions in a changing industry and able to reduce complexity.”
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