eEnergy Group plc is a “Energy Efficiency-as-a-Service” business focused on providing its core “Light-as-a-Service” to schools and commercial & industrial customers throughout the UK and Ireland. The Group helps businesses and schools switch to LED lighting, typically for a fixed monthly service fee, avoiding any upfront payments, making savings from day 1 post installation.
eEnergy commenced traing on AIM in January 2020. The Board’s strategy is to develop eEnergy as a broader energy services company and acquire other businesses in the energy management sector. The market in the EU for energy efficiency services was approximately €25 billion in 2017 and is expected to double by 2025.
In December 2020, eEnergy completed the acquisition of Beond Group Limited. Beond is a UK-based renewable energy consulting and procurement business, whose services aim to reduce costs for clients and tackle climate change. Beond’s services include provision of clean energy strategy, smart energy procurement, hedging strategies, bill validation, bureau services and market intelligence. However, its key offering is its proprietary platform used to run reverse energy auctions for clients.
|P&L||31 June 2021|
|31 June 2020
|(Cost of Sales)||(8,059)||(3,109)|
|Profit/ (Loss) before tax||(177)||(3,194)|
|Balance Sheet||30 June 2021|
|30 June 2020
|Cash & Cash Equivalents||3,332||1,478|
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eEnergy (AIM: EAAS), a leading Energy Efficiency-as-a-Service (“EEaaS”) business in the UK and Ireland, is pleased to provide an update …
eEnergy Group plc (AIM: EAAS), a leading “Energy Efficiency-as-a-Service” (EEaaS) business in the UK and Ireland, is pleased to announce …