RCS - Eneraqua Technolgs. - Control Flow HL2024 unlocks blocked development

Eneraqua TechnologiesAnnouncement

08/06/2023 07:00

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RNS Number : 0216C  Eneraqua Technologies PLC  08 June 2023

RNS Reach

8 June 2023

Eneraqua Technologies plc

("Eneraqua Technologies", the "Company" or the "Group")

 

Control Flow HL2024 technology unlocks commercial development from water
neutrality block

 

Eneraqua Technologies plc, a provider of specialist energy and water
efficiency solutions, announces that use of its Control Flow HL2024 technology
has unlocked the development of a large commercial site for one of the Group's
Local Authority clients. This builds on the Company's successful net water
neutrality programme which has been used to unlock development of new
housing.

In the UK and Europe, approval of many new homes and commercial developments
is being delayed due to concerns on water and nutrient neutrality in the local
water catchment area.  In the UK the House Builders Federation estimate this
issue is currently delaying approval of some 120,000 new homes.  The same
concerns also apply to commercial developments with many projects on hold
across the UK.

Following a successful pilot last year, Eneraqua's Control Flow HL2024®
products are being used to unlock new homes affected by neutrality concerns.
Following extensive long term trials, Control Flow HL2024® products are
recognised as delivering long-term water savings by reducing water wastage in
the home.  On average they reduce water consumption by more than 20%.   By
reducing long-term demand from existing homes, Control Flow HL2024® products
create the headroom needed for new builds.

As a result of the water savings achieved, approval has now been given for the
first commercial site which was impacted by delays caused by water neutrality
issues.  The opening of the 14,500 sq m factory and warehouse development had
been held in the planning phase since 2021 due to concerns raised by Natural
England of the impact on local water resources.  Through an installation
programme of Control Flow HL2024® products into existing homes in the area,
Natural England has agreed that there is sufficient water headroom and has now
signed off on the opening of the development. This is expected to create some
200 new jobs in the area.

Eneraqua is in discussions with a number of local authorities and developers
on how it could help them unlock their development sites and support local
regeneration.

 

 For further information please contact:

 Eneraqua Technologies plc                  Via Alma PR

 Mitesh Dhanak, Chief Executive Officer

 Iain Richardson, Chief Financial Officer

 Alma PR (Financial PR)

 Justine James                              Tel: 020 3405 0205

 Sam Modlin

 Will Ellis Hancock                         eneraqua@almapr.co.uk

 

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water
efficiency. The Group has two divisions energy and water. Energy is the larger
division, with the Company focused on clients with end of life gas, oil or
electric heating and hot water systems. The Group provides turnkey retrofit
district or communal heating systems based either on high-efficiency gas or
ground/air source heat pump solutions that support Net Zero and
decarbonisation goals.

 

The water division is a growing service offering focused on water efficiency
upgrades for utilities and commercial clients including hotels and care
homes.

 

The activities in both divisions are underpinned by the Company's wholly-owned
intellectual property, the Control Flow HL2024 family of products which reduce
water wastage and improve the performance of heating and hot water systems.

 

The Company's main country of operation is the United Kingdom. The Company's
head office is based in London with additional offices in Leeds, Washington
(Sunderland), India, Spain and the Netherlands. The Company has 168 employees,
with the majority employed within the UK. Eneraqua Technologies has received
the London Stock Exchange's Green Economy Mark.

 

To find out more, please visit:  www.eneraquatechnologies.com
(http://www.eneraquatechnologies.com)

 

 

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