In collaboration with Vattenfall, Bowers Electricals can now provide HV electrical assets via Vattenfall’s Power-as-a-Service offer. This allows reduce upfront investment requirements and provides ongoing maintenance and support.
The Power-as-a-Service model is designed to help any size business to reduce their risk and take the hassle out of purchasing new, owning, maintaining, and upgrading HV assets.
The model works by Bowers Electricals supplying new assets and Vattenfall owning and operating them, taking full responsibility for IOM (installation, operating and maintenance), compliance (safety, technical and environment), planning and management. Vattenfall adopts the assets for an initial 10-year term.
Once installed you can be reassured that your assets are covered by Vattenfall’s Power-as-a-Service offer. This leaves you free to focus on your core business, knowing that your assets are in the safe hands of experienced experts.
Vattenfall can also upgrade & replace other HV end-of-life assets and deliver new assets for capacity expansion projects, at no Capex expense to you.
Power-as-a-Service makes it possible to turn HV infrastructure investment into an operational expense (OPEX), as opposed to capital expense (CAPEX).
At the end of this term, the assets can be transferred back, or the agreement can be renewed.
Vattenfall Group is a Swedish State-owned energy company that has been operating for over 100 years. They are one of the largest producers of electricity and heat in Europe. With their extensive asset management experience, they own, operate, and maintain a huge estate of electrical power generation infrastructure, operating over 170,000km of networks and 50,000 substations throughout NW Europe.
Vattenfall UK has invested over £3.5 billion in renewable generation and continue to invest in developing its core UK renewable power generation, heating, and distribution businesses. They hope to play a valuable role in supporting the UK Government’s commitment to reaching net zero carbon emissions by 2050.