eEnergy Group Regulatory News (EAAS)

28 November 2024

eEnergy Group plc

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

LED Conversion Contract in Further Education

eEnergy (AIM: EAAS), a leading digital energy services provider, has secured a £975,000 contract with Newcastle College Group to deliver a full LED lighting conversion across ten buildings in Newcastle and Carlisle. This project supports eEnergy's strategy to accelerate energy efficiency solutions through competitive tenders, reducing sales cycles and delivering results faster, while extending its reach within the education sector to include the university segment.

The LED conversion will involve upgrading 9,826 fittings across eight buildings in Newcastle and two in Carlisle. Scheduled to begin in January 2025 and complete by the end of March 2025, the project will modernise lighting infrastructure, reduce energy consumption, and support Newcastle College Group's sustainability objectives. eEnergy's swift mobilisation, technical expertise, and capacity to manage multiple sites simultaneously were key factors in winning this contract, demonstrating its ability to deliver complex, high-quality projects on time and on budget.

This approach reflects eEnergy's ambition to broaden its footprint in the education sector by leveraging its extensive experience in complex environments, such as schools and colleges, to meet the unique challenges of university campuses and larger-scale institutions.

To achieve these ambitious goals, eEnergy is partnering on this contract with Luceco, a leading provider of sustainable and high-performance LED technology. This collaboration ensures the delivery of tailored solutions that align with the specific needs of Newcastle College Group while maximising energy and cost efficiencies.

eEnergy's expanding portfolio of public and private sector projects underscores its leadership in the UK energy efficiency landscape. By executing large-scale LED conversions with precision and impact, eEnergy continues to champion innovation, sustainability, and client success, broadening its reach across diverse education sectors.

Harvey Sinclair, CEO of eEnergy, stated: "This contract is another milestone in eEnergy's mission to make Net Zero achievable and profitable for all organisations. Newcastle College Group's commitment to sustainability aligns perfectly with our ethos. By leveraging tenders as a strategic pathway, we've demonstrated how rapidly we can deliver transformative projects with long-lasting impacts. Our success here also reinforces our ability to extend into the university segment, applying the same expertise that has driven significant results across schools and colleges."

For further information, please visit www.eenergy.com or contact:

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 NatWest or Siemens 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 Newcastle College Group

NCG is proud to be one of the UK's leading college groups, made up of seven colleges across the UK. At NCG, students are at the heart of everything we do and we aim to offer them a brilliant student experience during their time with us. We want our learners to gain the skills they need for a successful career. NCG has seven colleges: Carlisle College, Kidderminster College, Lewisham College, Newcastle College , Newcastle Sixth Form College, Southwark College and West Lancashire College.

For more information, please visit NCG | Leading UK College Group