Hercules plc (LON:HERC) has launched a dedicated Power & Energy Services division, a move that brings a faster-growing part of the business into its own management structure as the group targets a larger share of the UK’s electricity infrastructure build-out.
The latest research note from SP Angel frames the decision as a structural shift rather than a simple rebrand. Power & Energy Services will now sit alongside Labour Supply Services and Construction Services as one of Hercules’ three core divisions, with each to be reported separately in future financial announcements. That should give investors a clearer view of how the different businesses are performing and where the group is allocating capital and management attention.
The new division builds on the acquisition and integration of Advantage NRG in June 2025. Hercules said that, following that deal, Advantage NRG has secured about £20.8 million of contracted works to date in FY2026, suggesting the acquired business has already become a meaningful contributor to the group’s order book.
To lead the new operation, Hercules has appointed Marcus White as managing director. He has almost ten years of sector experience with Advantage NRG and has played a central role in expanding customer relationships, increasing operational capacity and winning new work after the acquisition. In a note that underlines the scale of the ambition, Brusk Korkmaz said: “The launch of our dedicated Power & Energy Services division is an important milestone for Hercules and reinforces our evolution into a leading power and infrastructure services group.”
That emphasis comes against a backdrop of heavy investment across the UK energy network. Hercules pointed to government estimates that delivering Clean Power 2030 could require around £40 billion of annual investment between 2025 and 2030, including roughly £30 billion a year in generation assets and £10 billion a year in electricity transmission infrastructure. For a services group active in the sector, the significance lies not just in the size of the market but in the longevity of the spending cycle.
The company also highlighted specific programmes already under way. National Grid plans to invest around £40 billion across its UK electricity transmission and distribution networks by March 2031, while SSEN Transmission is progressing a £29 billion programme in the north of Scotland. SP Energy Networks has started an investment programme of up to £12 billion across central and southern Scotland through to 2031. Together, those projects point to a multi-year pipeline of work spanning generation, transmission and distribution.
Hercules said the new division gives it a stronger platform to broaden its service offering and increase its capacity to deliver larger programmes for network operators and other customers. Marcus White echoed that view, saying the division has “a talented and highly experienced team, excellent customer relationships and a growing track record of delivery”, while setting out plans to continue expanding skills, capacity and services across the market.
For Hercules, the change also suggests a more mature operating model. Separating power and energy from the wider group may help investors track margin trends and revenue momentum more closely as the business scales, particularly if the division continues to convert industry investment into contracted work at the pace seen since the Advantage NRG acquisition. The next stage will be whether this structure translates into further contract wins and a more visible contribution in the company’s results reporting.
