FY21 results showed a strong performance given the headwinds caused by Covid in H1/21 and the energy market turmoil in H2/21 (which has had a negligible impact on the SMS pipeline). ILARR was up 11.6% to £85.9m (£86.8m at end February 2022 and increasing by 4.3% RPI in April 2022), with underlying PBT up 20.4% to £18.3m. The growing installation run-rate reached over c30,000 per month in H2/21 (SMS is currently installing 9.4% of all new UK smart meters). The Initial 50MW grid-scale battery stor ....
