REG - eEnergy Group PLC - Launch of eCharge

EenergyAnnouncement

30/03/2022 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:20220330:nRSd4729Ga&default-theme=true

RNS Number : 4729G  eEnergy Group PLC  30 March 2022

30 March 2022

eEnergy Group plc

("eEnergy" or "the Group")

 

Launch of eCharge

·    Exclusive partnership signed with EO Charging to create the UK's
largest public sector charging network, launched via new "eCharge" brand

·    eEnergy already provides energy-saving technologies to over 600
schools and 2,000 other workplaces across the UK.

eEnergy (AIM:EAAS), the digital energy services company, is pleased to
announce that it has signed an exclusive partnership agreement ("Partnership
Agreement") with EO Charging ("EO"), the trading name for Juuce Ltd, the
electrical vehicle ("EV") technology solutions provider, with the potential to
install at least 50,000 EV chargers by 2030 as part of its commitment to
create the UK's largest public sector charging network through the launch of
its new service "eCharge".

The Partnership Agreement commits the parties to work together to introduce
and develop EV charging opportunities within the education sector, with EO (as
equipment supplier) and eEnergy (as project charge point operator), on a
mutually exclusive basis with intentions to strengthen the relationship
through customer cross-referrals.

eCharge provides customers with funded charging solutions and can be paired
with clean energy procurement and energy-saving solutions, including LED
lighting upgrades, to enable schools, colleges, hospitals, councils, and other
businesses to protect themselves against rising energy bills. eEnergy will
install chargers (manufactured by EO) with a focus on the public sector,
making a significant contribution towards the Government's 2030 target of
145,000 extra charge points in the UK, to coincide with the ban on new
Internal Combustion Engine vehicles.

eEnergy is already an established energy-saving partner in the education and
public sector, providing energy efficiency services to over 600 schools and
2,000 other workplaces across the UK and making eCharge a logical extension to
our overall service provision.  In addition, eEnergy has 12,153 meters under
management across the wider public sector including the NHS, emergency
services and housing associations, all of which will be target cross-sell
customers for eCharge.

There are approximately 32,000 schools, colleges, and universities, and more
than 600,000 teachers in the UK. When combined with the 225,000 staff and 2.66
million students currently at UK higher education institutions, the education
sector represents a significant underserved market to help accelerate the UK's
transition to low carbon transport.

By providing EV charging in conjunction with clean energy procurement, energy
management, and high-impact energy efficiency solutions, eCharge will make EV
charging accessible for thousands of drivers and organisations struggling with
the energy price crisis with no requirement for upfront investment.

eCharge will be led by Neil Campbell, who joins as Managing Director from his
previous role as Managing Director at MoneyExpert, one of the UK's leading
price comparison sites.

 

Harvey Sinclair, CEO of eEnergy commented: "The government has rightly set
ambitious net zero targets, and EVs will play a fundamental role in this
strategy. However, ensuring everyone has access to reliable charging,
especially for those who cannot plug in at home, poses considerable
challenges. Like many employers, schools face a growing demand for EV chargers
just as energy costs reach record highs. Our ambitious rollout will make life
easier for teachers and other drivers by offering an affordable and accessible
alternative and gives eEnergy an exciting new product category in a high
growth market.

"By pairing workplace chargers with energy-saving technologies and clean
energy procurement, everything from lighting to commuting can be powered using
100% fossil-free energy, cutting energy costs, and creating new revenue
opportunities for the public sector.

"EO is our partner of choice for providing this service, having already seen
success with customers such as Amazon. It is important for us to maintain and
manage our own carbon footprint as a company, and with EO based in the UK, it
supports our commitment keeping these levels to a minimum."

 

Charlie Jardine, Founder and CEO, of EO Charging commented: "Our partnership
with eEnergy ensures this critical net zero infrastructure can be widely
adopted by the public sector as well as businesses, making EVs accessible to
more people throughout the UK. Together, we have built a compelling solution
for those who are looking to install EV chargers as part of their broader net
zero strategy."

 

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 (Financial PR and IR)                                Tel: +44 207 920 3157
 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/)

 

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  MSCFFFLLVRIAFIF