SSE PLC
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Martin Pibworth
- Full Time Employees
- 15,197
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Inveralmond House, 200 Dunkeld Road Perth SCT United Kingdom PH1 3AQ
- IPO Date
- Jun 18, 1991
- Website
- sse.com
- Similar Companies
- Business
- SSE plc operates as a major participant in the energy sector, focusing on the generation, transmission, and distribution of electricity throughout the United Kingdom and Ireland, with a strategic expansion into select international markets. The company is actively transforming its portfolio, placing significant emphasis on accelerating the shift towards a net-zero future by investing substantially in renewable energy infrastructure and electricity networks. Its core operations encompass SSE Renewables, a leading developer and operator of onshore and offshore wind farms, hydroelectric schemes, and emerging solar and battery storage technologies. SSE Renewables aims to significantly increase its operational capacity from 5GW to 9GW by 2027, with major projects like the Dogger Bank offshore wind farm currently under construction. Complementing this, SSE Thermal manages flexible generation assets, including gas-fired power stations and gas storage, increasingly focusing on future low-carbon technologies such as carbon capture and hydrogen. Furthermore, the company's SSEN Transmission business oversees the high-voltage electricity transmission network across the north of Scotland, a critical component for integrating renewable power and delivering it to demand centers. This segment is undergoing substantial investment, with plans for at least £22 billion of grid infrastructure development by 2031 to support the UK's energy security and net-zero ambitions. SSEN Distribution is responsible for supplying electricity to over 3.9 million homes and businesses across central southern England and the north of Scotland, ensuring a reliable power supply while integrating more renewable sources. SSE plc has committed approximately £20 billion through its Net Zero Acceleration Programme Plus, a five-year clean energy investment plan aimed at building out renewables, enhancing system flexibility, and upgrading electricity networks. The company's vision centers on becoming a leader in a net-zero world, providing essential energy today while constructing a more sustainable energy system for tomorrow. Incorporated in 1989 and headquartered in Perth, United Kingdom, SSE plc (formerly Scottish and Southern Energy plc until its name change in September 2011) continues to evolve its diverse energy activities, including energy trading and localized energy solutions for businesses and public sector organizations.
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