Hercules PLC
16 July 2026
16 July 2026
Hercules plc
("Hercules" or the "Group")
Advantage NRG secures further £3.4m of contracted works
Hercules plc (AIM: HERC), a leading UK infrastructure and construction services group, is pleased to announce that its specialist power and energy subsidiary, Advantage NRG, has secured two further contracts across the National Grid electricity transmission network with a combined value of approximately £3.4 million.
Advantage NRG, acquired by Hercules in June 2025, is a specialist overhead transmission lines workforce provider operating across the UK power and infrastructure sector. The business supplies highly skilled overhead linesmen and specialist teams supporting the construction, maintenance and upgrade of the UK's critical electricity transmission infrastructure.
The first contract, valued at approximately £2.6 million, has commenced in the East of England and is expected to continue until the end of June 2027. Workforce deployment has begun and is expected to increase to approximately 18 operatives during peak delivery.
The second contract, valued at approximately £0.8 million, is being delivered in North Wales between July and October 2026 and is expected to require approximately 13 operatives.
These latest awards increase the cumulative value of Advantage NRG's contracted work secured to date in FY2026 to approximately £20.8 million, demonstrating continued strong demand for their specialist overhead transmission line capabilities across the National Grid network.
Brusk Korkmaz, CEO of Hercules, said:
"These further contract awards continue to demonstrate the strategic value of our acquisition of Advantage NRG and the strength of demand across the UK's electricity transmission market. The business has integrated exceptionally well into the Group and is continuing to build a high-quality order book, giving us confidence in both its near-term performance and long-term growth prospects."
For further information and enquiries, please contact:
|
Hercules plc Brusk Korkmaz (CEO) Paul Wheatcroft (CFO) |
c/o SEC Newgate |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Matthew Johnson / Adam Cowl (Corporate Finance) Grant Barker / Rob Rees (Sales and Broking) |
+44 (0) 20 3470 0470 |
|
SEC Newgate (Financial Communications) Elisabeth Cowell / Ian Silvera / Darcy Dubell |
+44 (0) 20 3757 6882 Hercules@secnewgate.co.uk |
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