REG - eEnergy Group PLC - Additional project funding agreement

EenergyAnnouncement

13/04/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220413:nRSM1935Ia&default-theme=true

RNS Number : 1935I  eEnergy Group PLC  13 April 2022

13 April 2022

eEnergy Group plc

("eEnergy" or "the Group")

 

Additional project funding agreement with SUSI Partners

 

eEnergy (AIM: EAAS), the digital energy services company, is pleased to
announce that it has entered into a new €10m committed project funding
facility ("The Facility") to extend both the scope and scale of its financing
arrangements with SUSI Partners AG ("SUSI").

The Facility extends the relationship eEnergy has had with SUSI in Ireland to
the UK.  In making available financing for up to twelve years and across
eEnergy's range of energy efficiency and onsite generation technologies, the
Facility enables eEnergy to continue to create innovative, market leading
capital free solutions for its customers.

SUSI is a leading European fund manager specialising in sustainable energy
infrastructure investments. The Facility is being provided through the SUSI
Energy Efficiency Fund II.

The Group continues to work with SUSI to grow the long-term partnership beyond
this Facility, with a view to scaling funding capacity for Energy Efficiency
projects to match the Group's growth ambitions.

Harvey Sinclair, CEO of eEnergy, commented: "The extension of the project
funding from SUSI to include the UK market is a significant stepping stone for
eEnergy and will support our rollout of multi-technology solutions across
metering, EV charging, solar and lighting over the coming months. We are
excited to build on our existing successful relationship and look forward to
working with SUSI to develop a longer-term funding strategy as we continue to
see increasing levels of appetite from businesses, schools and other
institutions for capital free solutions to deliver lower carbon outcomes."

Fabian Karger, Investment Director of SUSI, commented: "The extension of our
project funding facility marks another important step in the successful
collaboration with eEnergy and strengthening SUSI`s presence in the United
Kingdom. Providing capital for customer-oriented energy solutions as offered
by eEnergy will be paramount on our way to achieve Net Zero."

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014. The person responsible for arranging for the release
of this announcement on behalf of eEnergy is Harvey Sinclair, Chief Executive
Officer.

Contacts:

 eEnergy Group plc                                              Tel: +44 20 7078 9564
 Harvey Sinclair, Chief Executive Officer                       info@eenergyplc.com; www.eenergyplc.com (http://www.eenergyplc.com)

 Ric Williams, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Joint Broker)    Tel: +44 20 7496 3000
 Justin McKeegan, Mark Taylor, Asha Chotai (Corporate Finance)

 Tom Salvesen (Corporate Broking)

 Turner Pope Investments (Joint Broker)                         Tel: +44 20 3657 0050
 Andy Thacker, James Pope                                       info@turnerpope.com

 Tavistock                                                      Tel: +44 207 920 3150
 Jos Simson, Heather Armstrong, Katie Hopkins                   eEnergy@tavistock.co.uk

 

About eEnergy Group plc

eEnergy Group plc is an integrated energy services company, enabling
organisations to transition to 'Net Zero' through "Energy as a Service". The
Group offers:

·  Energy Management as a Service; providing energy measurement, monitoring
and analytics on top of core "Zero Carbon" procurement services;

·  Energy Efficiency as a Service; zero upfront capital, energy reduction
solutions through measured savings contracts including its eLight and RSL LED
businesses; and

·  Enhanced customer value proposition through data gathered and analysed
with its proprietary MyZeERO platform.

eEnergy was admitted to AIM in January 2020. The Board's strategy is to use
its market leading eLight LED business as the foundation to expand eEnergy as
a broader energy services company via a 'buy and build' strategy in the energy
management sector. The market in the EU for energy efficiency services was
approximately €25 billion in 2017 and is expected to double by 2025.

 

eEnergy has been awarded The Green Economy Mark by the London Stock Exchange,
which recognises a company's work on
sustainability.

https://eenergyplc.com/ (https://eenergyplc.com/)

 

About SUSI

Founded in 2009, SUSI Partners is a Swiss fund manager specialised in
sustainable energy infrastructure investments with EUR 1.6bn in capital
commitments from institutional investors. The firm's investment strategy
focuses on private equity and credit opportunities across the energy
transition spectrum, including clean energy generation, energy efficiency
measures, and energy storage and integrated solutions. With a successful track
record of more than 120 transactions in over 20 countries to date, SUSI
Partners seeks to achieve attractive risk-adjusted returns for its clients and
their beneficiaries while contributing meaningfully to achieving global carbon
neutrality.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRSFMEEEEESEFL