SSE provides energy needed today while building a better world of energy for tomorrow.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.
SSE Renewables
Market BasedFrom onshore wind, offshore wind and hydroelectric to solar and battery storage, SSE Renewables is a world class developer and operator of renewable energy in the UK and Ireland with a growing presence internationally.
2023/24 operating profit
£833.1m
Adjusted
£630.3m
Reported
2023/24 Operating profit contribution to Group
34%
2023/24 Proportion of Group capex
44%
SSE Thermal
Market BasedFlexible thermal generation and gas storage supports the net zero transition by providing efficient gas power for when the wind doesn’t blow and sun doesn’t shine. Looking forwards, SSE Thermal’s focus is on decarbonising generation through emerging carbon capture and hydrogen technology.
2023/24 operating profit
£818.9m
Adjusted
£602.2m
Reported
2023/24 Operating profit contribution to Group
34%
2023/24 Proportion of Group capex
4%
SSEN Transmission
Economically regulatedSSEN Transmission operates the high voltage electricity transmission network across the north of Scotland, including the Scottish islands. It transports gigawatts of clean, green renewable power from where is generated to demand centres further South.
2023/24 operating profit
£419.3m
Adjusted
£559.1m
Reported
Operating profit contribution to Group
17%
2023/24 Proportion of Group capex
24%
SSEN Distribution
Economically regulatedSSEN Distribution transports power to the doorstep of 4 million homes and businesses across the north of Scotland and central southern England. It’s at the heart of developing the flexible distribution network needed for a low-carbon world.
2023/24 operating profit
£272.1m
Adjusted
£272.1m
Reported
Operating profit contribution to Group
11%
2023/24 Proportion of Group capex
20%
Energy Solutions
Market basedSSE Business Energy in Great Britain and SSE Airtricity on the island of Ireland provide a shopfront and route to market for SSE’s generation, renewable green products and low-carbon energy solutions.
SSE Airtricity 2023/24 operating profit
£95.0m
Adjusted
£94.5m
Reported
SSE Business Energy 2023/24 operating profit
£95.8m
Adjusted
£95.8m
Reported
Our Business Model
We aim to be a leading energy company in a net zero world.
SSE’s highly-deliberate business model is aligned with the broad political and societal consensus on legally-binding net zero carbon emissions targets in the UK.
Develop
SSE identifies opportunities where it can best use its capability in providing the clean, affordable energy infrastructure needed to decarbonise the economy.
Build
SSE consistently delivers highly complex electricity infrastructure in a timely manner and within budget.
Operate
SSE operates its assets in a responsive and responsible way. It promotes a culture of continuous improvement and stakeholder engagement to provide quality customer service.
Invest
SSE invests in low-carbon infrastructure as part of its net zero-focused strategy. Its investments are fully funded and underpinned by partnering which unlocks value, and debt secured at efficient rates.
Key
Click segments to learn moreNZAP PLUS
SSE’s Net Zero Acceleration Programme (NZAP) Plus is a 5 year, fully-funded, £20.5bn investment plan to 2027. Tap segments to learn moreKey targets
Five year EPS CAGR
*from 2021/22 94.8p
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Dividend policy aligned with accelerated growth profile
DPS to be rebased in FY24
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