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LONDON - eEnergy Group plc (AIM: EAAS), a provider of energy efficiency solutions, has secured two LED lighting contracts in the education sector with a total value of $571,965. These contracts are funded through a partnership with NatWest, utilizing an off-balance sheet operating lease model. Additionally, eEnergy has been appointed to the LASER Public Sector Framework for LED Lighting, which will likely enhance its public sector engagement.
The company announced a $271,938 contract with Landau Forte Charitable Trust for a lighting upgrade at its Sixth Form in Tamworth, which is expected to reduce lighting energy use by 66% and save $47,664 annually. The project includes replacing 1,437 fittings, potentially cutting carbon emissions by 33 tonnes each year.
In a separate contract, eEnergy will upgrade lighting across five schools within Synergy Multi Academy Trust, with an initial contract value of $300,027. The project aims to reduce energy consumption by 59% and generate carbon savings equivalent to 1,973 trees or 4.8 acres of forest per year.
The LASER Framework appointment is expected to open opportunities for eEnergy in the public sector, particularly in education and the NHS. The framework provides a compliant procurement route for public sector organizations, which may bolster eEnergy’s market presence and support its growth strategy.
eEnergy’s involvement with the LASER Framework and the new contracts align with its mission to eliminate energy waste and advance towards Net Zero goals. The company emphasizes its role in the education sector, having worked with over 840 schools and saving the sector approximately $13 million in energy costs in a single year.
The company’s CEO, Harvey Sinclair, expressed confidence in the strength of eEnergy’s delivery model and client relationships, as evidenced by repeat business with Landau Forte Trust and the new partnership with Synergy Multi Academy Trust.
The information in this article is based on a press release statement from eEnergy Group plc.
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