The Evolving Electricity Market: What Investors Need to Know About Renewables, Balancing, and Grid Flexibility

Opinion

2022: The year that changed the rules of the games

You’d be forgiven for thinking the end times for oil and gas are here. Plague and now war have shaped the sector in ways unimaginable in 2019. The world will never be the same again, and yet 2022 has shown that the energy industry is highly responsive to change, and will sustainably transform with more ease and willingness than naysayers would like to suggest.

Opinion

Calash comes of age: Two decades of energy sector strategy, advisory and growth

Calash’s energy transition has accelerated over the past five years, with most of its work now in the renewables and cleantech space, but it remains proud of its heritage in the oil and gas space, and the unique position this has given it to offer pragmatic commercial and operational advice across a range of other industries.

Infrastructure & Environment

Environmental Due Diligence:
Mitigating Operational Risk

Environmental due diligence will identify gaps in environmental regulatory compliance and poor operational practices that are potentially harmful to people

Deals

Calash advises Vespa Capital on its investment into Eserv

Calash is pleased to announce that it provided commercial due diligence to private equity investor Vespa Capital on its investment into Eserv, a leading provider of digital twin SaaS for complex industrial assets.

Deals

Calash advises PD&MS on its receiving investment from RSK Group

Calash is pleased to announce that it provided vendor commercial due diligence to Inflexion-backed PD&MS, a multi-disciplined engineering company, on its sale to sustainable solutions provider RSK Group.

Deals

Calash advises Chiltern Capital on its investment into Empteezy

Calash is pleased to announce that it has provided environmental and commercial due diligence to private equity investor Chiltern Capital on its investment into Empteezy, a designer, manufacturer and distributor of industrial safety products and solutions, focussed on environmental protection, spill prevention and EV battery storage.

Energy

Market Segmentation:
Know Your Customers

No one knows your business as well as you but there is a limit to what a management team can

Deals

Calash advises Foresight Group on its investment into Quanta EPC

Calash is pleased to announce that it has provided commercial due diligence in relation to the investment by infrastructure and private equity investment manager Foresight Group on its investment into Quanta EPC Holdings Limited, a specialist provider of engineering and consultancy services to the energy sector, focused on improving UK energy security and supporting the energy transition from fossil fuels to renewable energy.

Energy

Sustainability & Midmarket Investing

This presentation outlines an approach to segment and map sustainability-linked investments in the midmarket, offering insights into these sub-themes’ growth

Deals

Calash advises ASCO on receiving investment from Endless LLP

Calash is pleased to announce that it provided vendor commercial due diligence to ASCO, a global provider of multi-site integrated supply base operations to the energy industry, in support of its sale to UK-based private equity investor Endless LLP.

Energy

Transition opportunities grow as supply chain challenges come into focus

Environmental awareness has been hard-wired into the decision-making process of investment funds – climate risk will remain an investment risk for the foreseeable future – but there has been a sea-change in how this translates to energy transition capital deployment.

Energy

Heat Networks: The Shift to a Regulated Infrastructure Asset Class

The UK heat network sector has reached a defining moment. As of 27 January 2026, Ofgem is formally the sector

Energy

SURF’s UP: Navigating the subsea transition

May 2022: The subsea market is heavily exposed to the energy transition, with offshore wind increasingly providing new project work. However, telecoms, power, and even deep-sea mining, are other areas of potential diversification. But how best to gain exposure to these booming markets?

Deals

Calash advises on the partial sale of Wood Thilsted

Calash is pleased to announce that it has provided vendor commercial due diligence services to the owners of Wood Thilsted, a global offshore wind engineering consultancy, which has successfully gained a minority investment from Inflexion, a leading mid-market private equity firm.

Industrials

Chemicals in the energy transition – a private investment opportunity or challenge?

The dividing line between the chemicals and energy sectors has always been thin. Energy aside, the fact is that many of our most used materials are made from hydrocarbons, and yet private equity interest remains wary of investment.

Deals

Calash supports Davidson Kempner on its Acquisition of Swire Energy Services (SES)

Executive Insights

Electric Vehicles: Electrification across transportation supply chains

Electric vehicles are becoming a normal part of our everyday lives, but the adoption of electrification technology across heavy transportation could take a different path to decarbonisation – how applicable is battery technology to larger vehicles? How quickly will electrification find adoption across freight and supply chains?

Energy

Hydrogen Market Outlook

Hydrogen’s role in the energy transition has received increasing attention over the past 24 months, principally due to its ability to decarbonise hard to abate sectors, such as steel production, and balance intermittent power generation from renewables.

Deals

Calash advises LDC on its investment into Boston Energy

Calash is pleased to announce that it provided commercial due diligence to private equity investor LDC on its investment into Boston Energy, a technical services provider to the wind energy industry.

Case Studies

Calash supports CastleMill Equity Partners on its acquisition of Manor Renewable Energy

Calash supports Catle Mill on its acquisition of Manor Renewable Energy

Energy

Voice of the Customer (VoC): Pinpointing Decision Making:

Gaining insight into your customers and the markets you cater to is crucial for making informed decisions that sustain loyalty

Deals

Calash advises Floreat on its Investment into Standard Gas

Calash is pleased to announce that it provided commercial due diligence to ICR, a Graphite Capital backed business, on Sky Futures, a leading provider of unmanned systems and robotic led inspections.

Deals

Calash advises Souter Investments on its acquisition of Premier Hytemp

Calash is pleased to announce that it provided commercial due diligence support to Edinburgh-based investment fund Souter Investments on its acquisition of Premier Hytemp.

Energy

CCUS: An energy transition crossover opportunity

In this Executive Insights, Calash explores the emerging CCUS market, its technical crossover with oil and gas, and how technology and service providers can gain exposure to the space.

Deals

Calash supports SES Energy on its acquisition of Chemical Injection Utilities Ltd (CIU)

Deals

Calash supports OEG on its acquisition of OPS Wind

Calash is pleased to announce that it provided voice-of-the-customer support to OEG Offshore on its acquisition of Offshore Painting Services Limited (OPS Wind), a leading provider of specialist operations and maintenance (O&M) and training services to the offshore wind sector.

Deals

Calash advises H2 Equity Partners on its investment in Motive Offshore

Calash is pleased to announce that it has provided commercial due diligence services to H2 Equity Partners on its multimillion-pound investment in Motive Offshore Group (Motive), which specialises in engineering, inspection and rental equipment for the energy sector.

Deals

Calash advises Averroes Capital on its acquisition of Glacier Energy

Calash is pleased to announce that it provided commercial due diligence support to Averroes Capital on its acquisition of Glacier Energy, a specialist provider of products, services and engineered solutions for renewable and conventional energy markets.

Energy

Private Equity, Divergent Demand Forecasts and the Energy Transition

Calash has brought together some of the most recent data, alongside its own insights into investment trends in the energy sector, to provide a view on the risks facing investors in the power and energy space.

Deals

Calash advises the Scottish National Investment Bank on its investment into Utopi

Calash is pleased to announce that it provided commercial due diligence to the Scottish National Investment Bank on its investment into Utopi, a leading real-estate data analytics platform.

Deals

Calash advises ICR and Graphite Capital on its Investment into Sky Futures

Calash is pleased to announce that it provided commercial due diligence to ICR, a Graphite Capital backed business, on Sky Futures, a leading provider of unmanned systems and robotic led inspections.

Deals

Calash advises EV Holdings on its sale to Enersol

Calash is pleased to announce that it provided vendor commercial due diligence to EV Holdings (EV), a leading global provider of vision-based diagnostics and analytics services for the oil and gas sector, in support of its sale to Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi Holding.

Deals

Calash advises WestBridge on its acquisition of GoBe

Calash is pleased to announce that it has provided commercial due diligence services to WestBridge, a leading UK small-cap private equity firm. WestBridge saw the opportunity to combine its existing investment in APEM with GoBe Consultants, an offshore wind planning and environmental consultancy.

Deals

Calash advises MML Ireland on its investment into Mainport Shipping

Calash is pleased to announce that it provided commercial due diligence to MML Ireland on its investment into Mainport Shipping, an integrated marine services business that charters survey support vessels to global geo data specialists in the international offshore energy sector, alongside Irish Mainport Holdings (IMH).

Deals

Calash supports Foresight on its investment into J+S Subsea

Calash is pleased to announce that it provided commercial due diligence to Foresight Group on its investment into J+S Subsea, a subsea engineering company specialising in the provision, repair and refurbishment of subsea control systems.

Deals

Calash advises Acteon Group on receiving new private equity investment

Calash is pleased to announce that it provided vendor commercial due diligence to Acteon Group, an offshore energy infrastructure services business, in support of its sale to Buckthorn Partners and One Equity Partners (OEP).

Case Studies

Calash Advises Turner Iceni Group on Market Review of its Condition Monitoring and NDT Inspection Services

Deals

Calash advises PTL on Stanley Oil & Gas acquisition

Calash is pleased to announce that it has provided commercial due diligence services to Pipeline Technique (PTL), an onshore and offshore infrastructure welding, coating, and fabrication services provider owned by Bluewater, on its acquisition of the oil and gas division of Stanley Black & Decker, the major international pipeline services and equipment company.

Energy

North Sea Energy

There’s space in the North Sea for both offshore wind and natural gas production to provide sustainable energy for northern European nations – but will a limited pool of offshore service providers meet the growing demand of operators?

Deals

Calash advises on the merger of Arq and Advanced Emissions Solutions

Calash is pleased to announce that it has provided technical and commercial due diligence in relation to the merger of UK-based environmental technology company Arq and Advances Emissions Solutions (ADES).

Energy

Offshore wind M&A heads towards reboot

The wind sector is in growth mode and stakeholders are fiercely competing to increase their slice of the pie but growing pains have emerged, casting a shadow on previously held assumptions around the commerciality of the sector.

Energy

Subsea Infrastructure Failure: Market Risks, Costs and Opportunities

Subsea cables are the unseen infrastructure powering 95% of global internet traffic and connecting the fast-growing web of offshore wind,

Deals

Calash advises Longacre on its exit of Taylor Hopkinson

Calash is pleased to announce that it provided vendor commercial due diligence to support Longacre Group on its sale of Taylor Hopkinson, a specialist recruitment partner for the renewable energy sector, to Dutch flexible workforce solutions provider Brunel International.

Energy

The European Defence Market: A PE Opportunity

The defence sector has traditionally struggled to attract investment, often clashing with private equity mandates and rising ESG pressures. That

Energy

Voice of the Customer (VoC): Pinpointing Decision Making

Gaining insight into your customers and the markets you cater to is crucial for making informed decisions that sustain loyalty

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