REG - eEnergy Group PLC - £100m Partnership with Redaptive

EenergyAnnouncement

16/05/2025 07:00

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RNS Number : 9795I  eEnergy Group PLC  16 May 2025

 

 

16 May 2025

 

eEnergy Group plc

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

 

Partnership to Fund up to £100m of Redaptive-Approved eEnergy Projects

 

eEnergy (AIM: EAAS), the net zero energy services provider, announces it has
entered into a partnership with Redaptive Inc. ("Redaptive"), the US based
Energy-as-a-Service and data solutions provider.

 

Redaptive will provide funding of up to £100m to support Redaptive-approved
eEnergy customer projects across all client sectors in the UK, with eEnergy
undertaking operational oversight of such projects and bearing responsibility
for all warranty and service-related contractual obligations. The partnership
establishes eEnergy as one of Redaptive's dedicated delivery partners for
Redaptive-initiated projects in the UK.

 

Redaptive is a leading Energy-as-a-Service provider in the US that rapidly
funds and installs energy-saving and energy-generating equipment across its
clients' real estate portfolios. Redaptive was founded in 2015, is
headquartered in Denver, Colorado, and its clients include T-Mobile, WPT
Capital Advisors, Novolex, Cintas, Saint-Gobain, Iron Mountain and many more.
To date, Redaptive has completed a number of  projects in the UK but is
looking to expand coverage.

 

Working together to deliver decarbonisation projects, eEnergy's leading UK
market presence in large scale LED and solar installations will enable
Redaptive to expand its business footprint in the UK at a faster scale, whilst
providing incremental business to eEnergy with the opportunity to project
manage and deliver LED and solar projects on behalf of Redaptive's customer
base across Europe.

 

Whilst eEnergy's NatWest facility, which will be retained to maximise
eEnergy's flexibility going forwards, is restricted to solely public sector
projects, the Redaptive partnership allows eEnergy to harmonise a one-funder
approach for customers across the public and private sectors in the UK and
will be available to both Redaptive and non-Redaptive funded projects.

 

In addition, a key benefit for eEnergy of the Redaptive partnership is that
the affected projects are fully funded such that eEnergy receives 100% of the
net revenue in cash on completion, thereby significantly improving cash flow
for eEnergy.

 

Harvey Sinclair, eEnergy CEO, comments: "This is a game-changing partnership.
Redaptive's decision to  provide up to £100m unlocks a massive growth
opportunity for eEnergy, giving us the firepower to deliver more funded
decarbonisation projects, faster, and across every sector. As their lead UK
delivery partner, we're not just accessing capital - we're joining forces with
a global player to deliver scale. This enables us to accelerate our mission,
remove financial barriers, and bring clean energy solutions to more
organisations on their path to Net Zero than ever before."

 

Joe Bell, Redaptive Partnerships & International Strategy Leader,
comments: "By leveraging our combined expertise, innovative technologies, and
industry know-how, our companies have joined forces to achieve a shared
vision: empowering organisations to accelerate their sustainability, energy
efficiency, and carbon reduction goals with ease and at scale. With eEnergy as
a partner, we are now positioned to accelerate our mission and help more
organisations overcome the barriers to energy efficiency and carbon reduction
across the UK."

 

For further information, please visit www.eenergy.com (http://www.eenergy.com)
and https://redaptive.com/ (https://redaptive.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 20 7920 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 a panel of funders (including Redaptive and NatWest) 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 Redaptive

Redaptive is a leading Energy-as-a-Service provider enabling Fortune 500
commercial and industrial enterprises to turn real asset infrastructure into a
strategic engine for growth and efficiency-bringing together capital,
intelligence, and performance. Founded in 2015 and headquartered in Denver,
Colorado, Redaptive funds and deploys energy-saving and energy-generating
systems across large, distributed real estate portfolios. Its programs help
enterprises reduce energy waste, lower carbon emissions, and optimize
operating costs-supporting broader business objectives such as operational
resilience, financial performance, and long-term sustainability. Through
flexible financing structures, asset performance optimization, and AI-driven
intelligence, Redaptive empowers organizations to scale energy-efficient
solutions faster and smarter. For more information,
visit https://redaptive.com/ (https://redaptive.com/) .

 

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