Rail electrification gets a boost
Engineering services group Renew has bought Rail Electrification Services Ltd, a Scottish firm associated with overhead rail line electrification across the UK.
The move will enable increased investment into the electrification of rail, a key technology on the road to net zero carbon.
It is estimated that, by 2040, around 15,000 kilometres of rail track in the UK will be electrified, up from just over 5,000 today.
Paul Scott, Chief Executive of Renew, said to Construction Enquirer: “The rail network has a crucial part to play in supporting the UK’s commitment to Net Zero 2050 and this acquisition will help enable Renew to play a bigger part in Britain’s green economic recovery.
“REL is a highly regarded business with a strong track record and will enable us to broaden our service offering within our Rail business.”