RCS - eEnergy Group PLC - LED Conversion Contract in Further Education

EenergyAnnouncement

28/11/2024 07:00

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RNS Number : 9378N  eEnergy Group PLC  28 November 2024

28 November 2024

 

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

 

LED Conversion Contract in Further Education

 

eEnergy (AIM: EAAS), a leading digital energy services provider, has secured a
£975,000 contract with Newcastle College Group to deliver a full LED lighting
conversion across ten buildings in Newcastle and Carlisle. This project
supports eEnergy's strategy to accelerate energy efficiency solutions through
competitive tenders, reducing sales cycles and delivering results faster,
while extending its reach within the education sector to include the
university segment.

 

The LED conversion will involve upgrading 9,826 fittings across eight
buildings in Newcastle and two in Carlisle. Scheduled to begin in January 2025
and complete by the end of March 2025, the project will modernise lighting
infrastructure, reduce energy consumption, and support Newcastle College
Group's sustainability objectives. eEnergy's swift mobilisation, technical
expertise, and capacity to manage multiple sites simultaneously were key
factors in winning this contract, demonstrating its ability to deliver
complex, high-quality projects on time and on budget.

 

This approach reflects eEnergy's ambition to broaden its footprint in the
education sector by leveraging its extensive experience in complex
environments, such as schools and colleges, to meet the unique challenges of
university campuses and larger-scale institutions.

 

To achieve these ambitious goals, eEnergy is partnering on this contract with
Luceco, a leading provider of sustainable and high-performance LED technology.
This collaboration ensures the delivery of tailored solutions that align with
the specific needs of Newcastle College Group while maximising energy and cost
efficiencies.

 

eEnergy's expanding portfolio of public and private sector projects
underscores its leadership in the UK energy efficiency landscape. By executing
large-scale LED conversions with precision and impact, eEnergy continues to
champion innovation, sustainability, and client success, broadening its reach
across diverse education sectors.

 

Harvey Sinclair, CEO of eEnergy, stated: "This contract is another milestone
in eEnergy's mission to make Net Zero achievable and profitable for all
organisations. Newcastle College Group's commitment to sustainability aligns
perfectly with our ethos. By leveraging tenders as a strategic pathway, we've
demonstrated how rapidly we can deliver transformative projects with
long-lasting impacts. Our success here also reinforces our ability to extend
into the university segment, applying the same expertise that has driven
significant results across schools and colleges."

 

For further information, please visit www.eenergy.com (http://www.eenergy.com)
or contact:

 

 eEnergy Group plc                                Tel: +44 20 7078 9564
 Harvey Sinclair, Chief Executive Officer         info@eenergy.com (mailto:info@eenergy.com)

 John Gahan, Chief Financial Officer

 Strand Hanson Limited (Nominated Adviser)        Tel: +44 20 7409 3494
 Richard Johnson, James Harris, David Asquith

 Canaccord Genuity Limited (Broker)               Tel: +44 20 7523 8000
 Max Hartley, Harry Pardoe (Corporate Broking)

 Tavistock                                        Tel: +44 207 920 3150
 Jos Simson, Simon Hudson, Katie Hopkins          eEnergy@tavistock.co.uk (mailto:eEnergy@tavistock.co.uk)

 

 

About eEnergy Group plc

eEnergy (AIM: EAAS) is revolutionising the path to Net Zero as a leading
digital energy services provider for B2B and public sector organisations. We
eliminate the barriers to clean energy generation and energy waste reduction,
offering solutions that don't require upfront capital investment. Our vision
is clear: make Net Zero possible and profitable for every organisation.

 

Our primary services include:

·      Reduce: LED lighting and controls

·      Generate: Solar PV, ground mount, rooftop, and carport

·      Charge: EV charging and management software

 

All eEnergy's services come with intelligent circuit-level energy analytics
and are funded through NatWest or Siemens to provide an off-balance
sheet-compliant energy-as-a-service solution.

 

eEnergy has completed over 1,100 decarbonisation projects within the B2B and
public sector. We are #1 in the education sector, having worked with over 840
schools, installing over half a million LED lights, and improving the learning
environment for over 443,000 students-enough to fill Wembley Stadium almost
five times over. In one year alone, eEnergy has saved the education sector
£13 million in energy costs. With over 70% of schools yet to transition to
LED lighting and over 90% yet to deploy solar, eEnergy estimates that at least
£5.4 billion would need to be invested to install adequate rooftop solar, LED
lighting, and EV charging infrastructure in UK schools.

 

eEnergy is a market leader within the education sector and has been awarded
the Green Economy Mark by the London Stock Exchange.

 

About Newcastle College Group

NCG is proud to be one of the UK's leading college groups, made up of seven
colleges across the UK. At NCG, students are at the heart of everything we do
and we aim to offer them a brilliant student experience during their time with
us. We want our learners to gain the skills they need for a successful career.
NCG has seven colleges: Carlisle College, Kidderminster College, Lewisham
College, Newcastle College , Newcastle Sixth Form College, Southwark College
and West Lancashire College.

 

For more information, please visit NCG | Leading UK College Group
(https://www.ncgrp.co.uk/)

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