REG - eEnergy Group PLC - Contract Win

EenergyAnnouncement

26/09/2023 07:00

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RNS Number : 5970N  eEnergy Group PLC  26 September 2023

26 September 2023

 

eEnergy Group plc

("eEnergy" or "the Group")

 

Contract Win

 

eEnergy (AIM: EAAS), the net zero energy services provider, is pleased to
announce that is has secured a contract to provide onsite solar energy
generation to its existing customer, Tudor Grange Academies Trust ("TGAT").
The Total Contract Value  is £3.0 million, resulting in £1.9 million
revenues to eEnergy which will be recognised across FY23 and FY24.

Tudor Grange Academies Trust, an existing customer of eEnergy, is a leading
Multi Academy Trust of 12 schools based in the West Midlands. This solar
contract marks the latest stage in a successful ongoing Net Zero partnership
with TGAT.

eEnergy is providing TGAT with a fully funded 10-year service agreement, a
financed solution which requires no upfront investment for the customer,
providing significant long-term savings in a turnkey solution. As a result of
this project, alongside other services provided by eEnergy, TGAT is expected
to be able to self-generate 30.5% of its energy needs and, in addition to
these savings, be able to export unused energy to the grid for additional
income.

Steven Groutage, Chief Operating Officer of Tudor Grange Academies Trust,
commented: "We are delighted to be working with eEnergy on this project, the
next step in our journey to Net Zero. We teach our children about the
importance of the environment and its protection, and what better way to do
that, than practice what we preach. To be able to generate over 30% of our
energy ourselves gives us flexibility and demonstrates to our pupils and the
wider community that we are committed to providing a greener future for
generations to come."

Harvey Sinclair, CEO of eEnergy plc, commented: "eEnergy's relationship with
TGAT started with the provision of Energy Management services, including the
use of eEnergy's eAuction platform to facilitate an online marketplace with 25
energy suppliers, for their gas and electricity supply, including zero-carbon
options. We were pleased to be awarded the mandate in October 2022 for the
provision of LED lighting across the Trust. This latest project illustrates
eEnergy's ability to provide end to end solutions for management and provision
of low carbon energy to organisations.

"We look forward to continuing to work with TGAT as it continues on its
journey to Net Zero."

 This announcement contains inside information for the purposes of Article 7
of Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

Contacts:

 

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

                                              (http://www.eenergyplc.com)
 Crispin Goldsmith, Chief Financial Officer

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

 Canaccord Genuity Limited (Joint Broker)       Tel: +44 20 7523 8000
 Max Hartley, Harry Pardoe (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 (mailto:eEnergy@tavistock.co.uk)

 

About eEnergy Group plc

eEnergy (AIM: EAAS) is a net zero energy services provider, empowering
organisations to achieve net zero by tackling energy waste and transitioning
to clean energy, without the need for upfront investment. It is making net
zero possible and profitable for all organisations in four ways:

 ·             Transition to the lowest cost clean energy through the Group's digital
               procurement platform and energy management services. 
 ·             Tackle energy waste with granular data and insight on energy use and dynamic
               energy management. 
 ·             Reduce energy use with the right energy efficiency solutions without upfront
               cost. 
 ·             Reach net zero with onsite renewable generation and electric vehicle (EV)
               charging.

 

eEnergy is a Top 5 B2B energy company and has been awarded The Green Economy
Mark by London Stock Exchange.

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