Mutual Energy achieves global standard for asset management

Paddy Larkin, Mutual Energy CEO is pictured with David Gray, Mutual Energy Chairman after receiving ISO 55001 certification.
Paddy Larkin, Mutual Energy CEO is pictured with David Gray, Mutual Energy Chairman after receiving ISO 55001 certification.

Mutual Energy has been recognised for effective asset management of critical infrastructure by achieving ISO 55001 certification. 

This global standard is widely applied within the utility sector to provide assurance that an organisation has effective processes for the management of critical infrastructure. These processes, structured into an Asset Management System, assist organisations in realising value from their assets and alignment to corporate objectives.

As part of the certification process, a formal audit was carried out by SGS to assess Mutual’s Energy’s Asset Management System, covering both the Moyle Interconnector and gas operations. ISO 55001 recognises best practices and effective processes while championing continual improvement.

Speaking about the certification, Mutual Energy CEO Paddy Larkin said; “We are delighted to achieve this global standard in recognition of our Asset Management System, including our Strategic Asset Management Plans (SAMPs) which are regularly reviewed and updated to capture stakeholder requirements, as well as changes in the business environment. Our team is committed to best practice, and we will continue to action improvement opportunities as part of the certification process.”

Following certification, Surveillance Audits will be carried out in 2022 and 2023, with a formal recertification after three years.  

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