CatalystWireBeta

Launch of new funding solution and first contract

In brief · summary, not quotable

eEnergy Group PLC has launched a new NHS-ready funding solution, an Energy Performance Contract, and secured its first multi-site award with Symphony Healthcare Services for LED lighting upgrades across 18 GP surgeries, valued at approximately £0.7 million. This innovative funding structure, backed by Redaptive, allows customers to pay from energy savings rather than upfront, addressing IFRS 16 accounting challenges for NHS bodies and aiming to accelerate energy transition projects within the UK public sector. The company also noted its existing funding facilities, including up to £100 million with Redaptive and a £40 million NatWest facility.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your EAAS notes

eEnergy launches new NHS-ready funding solution; secures first multi-site award with Symphony Healthcare Services

eEnergy (AIM: EAAS), an Energy-as-a-Service provider funding and delivering energy infrastructure upgrades across multi-site portfolios with zero upfront cost, today announces the award of its first Energy Performance Contract ("EPC"). The contract with Symphony Healthcare Services Limited (a subsidiary of Somerset NHS Foundation Trust) covers LED lighting upgrades across 18 GP surgeries, with a total contract value of c£0.7 million, and will be delivered across Somerset (South West England).

Backed by Redaptive, this new, unique, funding solution enables eEnergy to install the energy-savings systems at the customers sites, whilst the customer pays for the equipment from energy savings or total use rather than as an upfront payment. eEnergy retains operational responsibility for the installed equipment, supporting service-style treatment.

The EPC funding structure is a first of its kind in the UK, a much needed solution for the NHS that is expected to be transformational for NHS organisations. Developed in response to recent IFRS accounting rule changes, this solution has been specifically designed to help NHS bodies overcome IFRS 16 related on balance sheet considerations.

This EPC is available to all organisations and businesses and is specifically designed for the UK public sector. The solution has been specifically structured to address key barriers that can slow adoption of energy transition and on-site generation in the public sector.

Harvey Sinclair, CEO of eEnergy, said:

"The challenge is unlocking fast delivery without consuming scarce capital or creating unwanted balance-sheet complexity. While Great British Energy is expected to support projects across the UK healthcare and education sectors, many NHS Trusts remain constrained in accessing at pace proven technologies such as LED lighting, Solar PV, and EV charging. Our EPC solution is designed to address this gap and remove barriers faced by NHS organisations.

"At eEnergy, we are constantly exploring new and innovative ways to help organisations accelerate their net zero journey. This new solution strengthens our ability to deliver energy-saving projects without incurring upfront cost, helping more clients reduce consumption, cut costs, and achieve their sustainability goals. Combined with the Group's multiple public sector framework awards, it positions eEnergy to help accelerate delivery of NHS decarbonisation programmes.

"Winning our first EPC-funded contract with Symphony Healthcare Services Limited is an important validation. It demonstrates clear appetite for an NHS-ready solution and provides a platform to scale LED programmes today while supporting a broader pathway to Solar PV and EV infrastructure."

  • Reduce: LED lighting and controls
  • Generate: Solar PV (rooftop, ground mount, and carport)
  • Store: Battery storage (store onsite generation and reduce peak-time import costs)
  • Charge: EV charging infrastructure and management

Projects are funded through dedicated facilities, including up to £100m of project funding via eEnergy's partnership with Redaptive, and a £40m NatWest facility supporting public sector deployments.

The Group has delivered over 1,200 projects and has installed c590,000 LEDs, improving learning environments for c520,000 students.

eEnergy is a market leader in the education sector and has been awarded the London Stock Exchange's Green Economy Mark. The Company is also recognised in the 2025 UK Fast Growth 50 Index within the Fastest Growing Green Firms 2025 list, and holds an EcoVadis Bronze Medal with a score of 61/100, placing it in the top third of more than 130,000 organisations assessed globally.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note