REG - Eneraqua Technolgs. - Zero carbon irrigation contract win

Eneraqua TechnologiesAnnouncement

03/05/2022 07:00

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RNS Number : 9815J  Eneraqua Technologies PLC  03 May 2022

3 May 2022

 

Eneraqua Technologies plc

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

 

Zero carbon irrigation contract win marks entry into Agritech sector

 

Eneraqua Technologies plc, a provider of specialist energy and water
efficiency solutions, is pleased to announce its ClimateSmart Irrigation
solution has been selected by the Department of Horticulture for the State
Government of Uttarakhand, India.  The £0.9m contract will see the Group
supply the systems to 340 horticultural farms across the state reducing their
carbon emissions and improving water efficiency.  This is the first major
zero carbon irrigation initiative of its kind in India.

 

The programme, which is scheduled to start in 2022 and complete in 2023, will
see Eneraqua Technologies' India subsidiary, Cenergist Energy Private Ltd,
deliver a package of water, energy and soil conservation solutions which
integrates the Company's patented technology Control Flow HL2024.  By
efficiently managing water usage, this will help farmers to conserve water,
improve crop yield and prevent soil erosion.  Solar PV is used to power the
irrigation systems.

 

The project in Uttarakhand represents an important step towards the
decarbonisation of the agriculture sector and provides a template for other
states in India and beyond.

 

Eneraqua Technologies is committed to helping its clients meet their
decarbonisation and net-zero targets through its patented technologies.  As a
specialist in this area, the Group can help organisations achieve their
climate change goals in a low-cost and sustainable manner.

 

Commenting on the contract win, Eneraqua Technologies CEO, Mitesh Dhanak,
said: "We are delighted to be chosen by the State Government of Uttarakhand to
support them in delivering this important programme.  As well as reducing
carbon emissions, this programme will also reduce pressure on water resources
and improve the incomes of farmers.  This offers an attractive template for
other states looking to decarbonise the agricultural sector while meeting the
challenges of sustainability."

 

 

For more information, please contact:

 

 Eneraqua Technologies plc                        Via Alma PR
 Mitesh Dhanak, CEO                               www.eneraquatechnologies.com (http://www.eneraquatechnologies.com)
 Iain Richardson, CFO

 finnCap Limited - Nominated adviser and Broker   +44(0)20 7220 0500
 Ed Frisby / Charlie Beeson - Corporate Finance
 Andrew Burdis / Sunila de Silva - ECM

 Alma PR - Financial PR and IR                    +44(0)20 3405 0205
 Justine James / 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 116 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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