REG - eEnergy Group PLC - Loan Agreement

EenergyAnnouncement

23/02/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260223:nRSW9926Ta&default-theme=true

RNS Number : 9926T  eEnergy Group PLC  23 February 2026

23 February 2026

 

eEnergy Group plc

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

 

Loan Agreement

 

eEnergy (AIM: EAAS), an Energy-as-a-Service provider funding and delivering
energy infrastructure upgrades across multi-site portfolios with zero upfront
cost for its customers, announces it has secured funding of £1 million by way
of a loan ("Loan") from Harwood Holdco Limited ("Harwood").

 

Details of the Loan

·     £1.0 million as principal ("Loan")

·     The Loan is secured with a floating charge over the Group's assets

·     Repayable on, or before, 31 July 2026

·     Interest accrues at a rate of 1 per cent. per month, payable on
repayment of the Loan

·     An arrangement fee of £20,000 for the Loan will be incurred on
draw down

 

Background to the Loan

 

In September 2025, eEnergy commenced work on a UK Government backed solar PV
and battery installation contract managed by Mace for 47 schools initially.
This has since expanded to up to 73 schools and extended to include LED and EV
installations at many of those schools with a slight delay in the start of the
work whilst the relevant approvals are sought to proceed. Installations under
the Programme commenced in November 2025 and we now expect this to be
completed by 30 June 2026.

 

The Mace work is carrying on at pace and the Company has secured the Loan to
provide additional net working capital, inter alia, in support of Mace as well
as its growing pipeline of large-scale tenders. Cash at 31 December 2025
of £0.9m (2024: £2.3m), is still expected to increase significantly by
the end of H1-26.

 

As eEnergy continues to transition towards larger, longer-duration contracts,
the associated working capital requirements are materially greater than under
its traditional direct sales model. The Loan strengthens the Company's balance
sheet and enhances financial flexibility, ensuring it is well positioned to
manage near term peak net working capital demands as these contracts mobilise
and scale.

 

The funding provides the necessary liquidity to support delivery of Mace and
other significant tender opportunities, without constraining ongoing
operations. It also underpins eEnergy's strategic objective of expanding its
presence in higher-value contract markets, while maintaining prudent financial
discipline.

 

The Company remains on track to deliver H1-26 Revenue of approximately £20.0m
(H1-25: Revenue £10.1m).

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, as it forms part of UK domestic law by virtue
of the European Union (Withdrawal) Act 2018, as amended.

 

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

 

 eEnergy Group plc                              Tel: +44 20 3813 1550
 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 20 7920 3150
 Jos Simson, Nick Dibden, Katie Hopkins         eEnergy@tavistock.co.uk (mailto:eEnergy@tavistock.co.uk)

 

About eEnergy Group plc

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding
and delivering energy-saving and energy-generating solutions across multi-site
public sector and commercial portfolios-helping customers cut energy waste,
reduce operating costs, and improve building resilience with zero upfront
cost.

 

eEnergy delivers four core solutions:

·      Reduce: LED lighting and controls

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

·      Store: Battery storage (store onsite generation and reduce
peak-time import costs)

·      Charge: EV charging infrastructure and management

 

Projects are funded through dedicated facilities, including up to £100m of
project funding via eEnergy's partnership with Redaptive, and a £40m NatWest
facility supporting public sector deployments.

 

eEnergy's routes to market include direct sales, public sector frameworks,
tenders, and strategic partnerships. The Group holds positions on five major
procurement frameworks-CCS (Crown Commercial Service), LASER, Lexica/NHS
London, NHS Commercial Solutions Framework, and Proactis (YPO)-and is an
Office for Zero Emission Vehicles (OZEV) approved EV charge point installer.

 

The Group has delivered over 1,200 projects and has installed c590,000 LEDs,
improving learning environments for c520,000 students.

 

eEnergy is a market leader in the education sector and has been awarded the
London Stock Exchange's Green Economy Mark. The Company is also recognised in
the 2025 UK Fast Growth 50 Index within the Fastest Growing Green Firms 2025
list, and holds an EcoVadis Bronze Medal with a score of 61/100, placing it in
the top third of more than 130,000 organisations assessed globally.

 

-ends-

 

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  MSCUUVURNVUUUUR



            Copyright 2019 Regulatory News Service, all rights reserved