TIDMEAAS
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
Ric Williams, Chief Financial Officer www.eenergyplc.com
Singer Capital Markets (Nominated Adviser Tel: +44 20 7496
and Joint Broker) 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
EUR25 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/
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END
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