Newton expands offerings into Energy & Utilities market
Operational improvement specialist Newton has expanded its offerings into the Energy and Utilities sector, a move that, according to Newton founder Kevin Jones, underlines the firm’s continued growth and follows the successes of its Transport and Infrastructure business. The new Energy business will be led by former KPMG partner Simon Harvey.
Newton is a management consulting firm founded in 2001 specialised in operational improvement, operating across a wide of sectors including healthcare, transport, defence, local government, services, manufacturing and private equity. The firm is headquartered in Oxfordshire (UK) and has additional offices in Amsterdam (The Netherlands) and New York (US), with teams working on projects the UK, the US, Europe, and Asia.
Energy and Utilities sector
In line with its continued year-on-year growth and ambition to grow its footprint, Newton recently decided to enter the energy market, an industry valued to be worth $11.1 billion globally, with UK one of the larger markets. The new unit will focus on a number of core propositions, including Capital Programme Delivery, Retail and Cost to Serve, Asset Maintenance and Field Operations, and Procurement and Supply Chain.
The Energy unit will be led by former KPMG partner Simon Harvey, who brings extensive international experience in energy retail, energy networks, and water and hydrocarbon exploration. Prior to KPMG, Harvey worked, among others, in the Power & Utilities practice of EY and the Utilities Strategy & Operations Consulting sector of Deloitte. Harvey will work closely with Nick Horler, former CEO of Scottish Power and Chairman of the Energy & Natural Resources Advisory Board at KPMG, who has been appointed as senior adviser to the Energy and Utilities team.
Market entry to succeed?
Newton's succes will depend on a number of key factors, including how it will differentiate itself from the already established firms in the industry, such as Accenture, Capgemini and the Big Four, as well as specialists such as Baringa Partners. Yet with the energy consultancy space undergoing massive change, in particular in the area of market competition, regulation and digitalisation, Newton's Director and Founder of Newton, Kevin Jones, says his firm is convinced it can gain a share of the growing pie. “We’re delighted to welcome Simon and Nick on board. Their experience and insight will be invaluable to our business strategy, our sector reach, and to the meaningful work we deliver for our clients."
Recently, energy advisory specialist Baringa entered the Telecom & Media market.
