Tools rental specialist Speedy Rent has signed a long-term settlement with Amey Group Providers to offer non-operated plant.
The rent and options contract is value as much as £25m yearly, Cheshire-based Speedy Rent introduced yesterday.
An organization spokesman mentioned the period of the deal couldn’t be disclosed.
The agency mentioned it was chosen for its sustainability credentials and “commercially sustainable eco-products”, which align with Amey’s environmental, sustainability and governance framework.
Plant for Amey will embody H-Energy Turbines from Speedy Hydrogen Options — a 50:50 three way partnership between Speedy and Surrey-based AFC Power — and battery storage items (pictured) from Inexperienced Energy Rent.
The spokesperson added that these “two comparatively new merchandise to market” can be joined by different non-operated plant corresponding to a hydrogen-powered entry platform from Speedy Rent and Niftylift.
Speedy Rent added that its contract with Amey will come into impact within the second half of its monetary yr, ending 31 March 2024.
Amey chief working officer John Faulkner mentioned the multi-year deal “signifies a strategic alliance between Amey and Speedy Rent in our frequent targets to play a important position in defending the pure setting whereas accelerating the UK’s transition to web zero”.
The Amey deal kinds a part of Speedy Rent’s five-year Velocity progress and enterprise transformation technique, mentioned the latter’s chief govt Dan Evans.
Launched in July 2023, the technique is designed to end in annual income of £650m by the top of its 2028 monetary yr.
This is able to mark an nearly 50 per cent improve on Speedy Rent’s 2023 turnover of £440.6m.
