First Contract Win for Solar plus LED

eEnergy (AIM: EAAS), a leading Energy Efficiency-as-a-Service business in the UK and Ireland, is pleased to announce the Group’s first contract win to provide solar power together with LED lighting in a single contract.

The contract is with British Gaskets Limited (“British Gaskets”), a UK based international manufacturer and supplier of gaskets, seals, plastic and rubber mouldings and materials. The initial, single site contract covers a solar power system, together with LED lighting, with a contract value of approximately £0.4m.

Over the 20 year lifetime of the system, the Board anticipates a total customer cost saving, at today’s prices, of almost £1.4m and a reduction of CO2 emissions of approximately 576,000 tonnes.

The Board continues to expect trading for the year ended 30 June 2022 to be in-line with current market expectations.

Harvey Sinclair, Group CEO, commented

“This contract represents a major milestone for the Group as we begin to offer joined-up energy-as-a-service solutions to customers. Our offer is being well received by the market and this blueprint for material energy and cost savings, coupled with significant decarbonisation is compelling for customers and the environment. This contract gives us the confidence that we’re on track to deliver results for FY22 in-line with current market expectations.”

The film below, shot at last year’s full year results, outlines eEnergy’s services and growth strategy