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10 Jun 2022 07:00
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10 June 2022
Eneraqua Technologies plc
("Eneraqua Technologies", the "Company" or the "Group")
Net Water Neutrality Contracts
Water efficiency projects mitigate water stress issues for developers
Eneraqua Technologies plc, a specialist provider of energy and water efficiency solutions, is pleased to announce the award of two English local authority contracts to deliver net water neutrality pilot programmes.
The contracts will see Eneraqua Technologies' subsidiary, Cenergist Ltd, supply and install Control Flow HL2024 systems in existing homes to improve their water efficiency. The water saved will then offset the water used by new homes built in the areas thereby addressing local water stress issues.
The Control Flow HL2024 products have proven water savings of up to 26% in existing homes. This is the first use of Control Flow HL2024 in a net water neutrality program. Water stress already affects many areas in the UK and globally and is expected to worsen with the effects of climate change in the coming years.
Commenting on the awards, Eneraqua Technologies CEO, Mitesh Dhanak, said: "Control Flow HL2024 is a proven product and we are delighted that it has been chosen for these water neutrality programmes. This approach provides a cost-effective solution for new build homes in water stress areas. As well as the UK, water stress affects many areas in Europe and internationally."
For more information, please contact:
Eneraqua Technologies plc | Via Alma PR |
Mitesh Dhanak, CEO | 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 which utilise its wholly owned intellectual property, Control Flow HL2024. Energy was the first market the Company entered, and this 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. It has also expanded into agritech systems.
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 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
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