Aurora Utilities has secured an additional equity commitment of about $133 million to expand the electricity networks it owns across Great Britain, backer I Squared Capital announced on November 10.
The commitment comes from I Squared, Allianz Global Investors, Kåpan and M&G Investments, taking total equity pledges since 2024 to approximately $334 million. Figures are in US dollars, converted at November 10, 2026 reference rates.
The Ofgem-regulated operator serves developers of housing, data centers and electric-vehicle charging sites. It takes ownership of completed connection infrastructure, including transformers and cables, and earns long-term payments from electricity suppliers using those assets.
Aurora says it pays developers part of its expected future network income upfront when projects go live. In March 2024, Ofgem explained that such payments reduce developers’ capital costs and distinguish independent operators from regional distribution companies.
The additional commitment will support hiring in operations, engineering and land rights. Aurora says its existing networks supply charging for one in four electric buses in London.