eEnergy Group PLC Additional project funding agreement (1935I)
13 Abril 2022 - 1:01AM
UK Regulatory
TIDMEAAS
RNS Number : 1935I
eEnergy Group PLC
13 April 2022
13 April 2022
eEnergy Group plc
("eEnergy" or "the Group")
Additional project funding agreement with SUSI Partners
eEnergy (AIM: EAAS), the digital energy services company, is
pleased to announce that it has entered into a new EUR10m committed
project funding facility ("The Facility") to extend both the scope
and scale of its financing arrangements with SUSI Partners AG
("SUSI").
The Facility extends the relationship eEnergy has had with SUSI
in Ireland to the UK. In making available financing for up to
twelve years and across eEnergy's range of energy efficiency and
onsite generation technologies, the Facility enables eEnergy to
continue to create innovative, market leading capital free
solutions for its customers.
SUSI is a leading European fund manager specialising in
sustainable energy infrastructure investments. The Facility is
being provided through the SUSI Energy Efficiency Fund II.
The Group continues to work with SUSI to grow the long-term
partnership beyond this Facility, with a view to scaling funding
capacity for Energy Efficiency projects to match the Group's growth
ambitions.
Harvey Sinclair, CEO of eEnergy, commented: "The extension of
the project funding from SUSI to include the UK market is a
significant stepping stone for eEnergy and will support our rollout
of multi-technology solutions across metering, EV charging, solar
and lighting over the coming months. We are excited to build on our
existing successful relationship and look forward to working with
SUSI to develop a longer-term funding strategy as we continue to
see increasing levels of appetite from businesses, schools and
other institutions for capital free solutions to deliver lower
carbon outcomes."
Fabian Karger, Investment Director of SUSI, commented: "The
extension of our project funding facility marks another important
step in the successful collaboration with eEnergy and strengthening
SUSI`s presence in the United Kingdom. Providing capital for
customer-oriented energy solutions as offered by eEnergy will be
paramount on our way to achieve Net Zero."
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 Tel: +44 207 920
3150
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/
About SUSI
Founded in 2009, SUSI Partners is a Swiss fund manager
specialised in sustainable energy infrastructure investments with
EUR 1.6bn in capital commitments from institutional investors. The
firm's investment strategy focuses on private equity and credit
opportunities across the energy transition spectrum, including
clean energy generation, energy efficiency measures, and energy
storage and integrated solutions. With a successful track record of
more than 120 transactions in over 20 countries to date, SUSI
Partners seeks to achieve attractive risk-adjusted returns for its
clients and their beneficiaries while contributing meaningfully to
achieving global carbon neutrality.
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