Appointment of Sales Director

RNS Number : 0766B

eEnergy Group PLC

28 January 2020

 

28 January 2020

eEnergy Group plc

("eEnergy" or "the Group ")

eEnergy Group appoints first Sales Director

eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to announce the (non-main Board) appointment of Martyn Sheridan as Sales Director.

In this new role, reporting to CEO and co-Founder Harvey Sinclair, Martyn will manage and grow eEnergy's sales channels. Martyn brings considerable industry experience to the Group. He joins from E.ON where he spent eight years, most recently as Head of National Sales for E.ON's Energy Solutions Division. While there, Martyn worked across the Large Industrial & Commercial supply area for major corporate clients including Virgin Media, Lucozade and DS Smith. He helped transform E.ON's Energy Solutions offering by bringing together energy efficiency, energy generation, storage and Demand Side Response services. It is now one of the UK's largest energy solutions businesses for large businesses.

His initial focus will be on developing new sales channels for eLight, which is the Group's established EEaaS business. eLight provides "Light-as-a-Service" to commercial customers, helping businesses and schools switch to LED lighting for a fixed monthly service fee, with no upfront costs. For customers, the energy savings are higher than the monthly service fee allowing them to unlock free cash-flow from day one, as well as improve the quality of their lighting, and reduce carbon emissions by up 80%. Since 2013, eLight has developed a proven operating platform and eLight, and its predecessor businesses, have completed over 800 client projects in the UK and Ireland.

Martyn's appointment follows the Group's successful admission to AIM in January 2020. The Board has a strategy to grow the business, both organically and through acquisition. The Group will invest in technology, new sales channels and additional resources to substantially increase the Company's revenue over the next three years. The Board's strategy is to develop eEnergy as a broader energy services company and to acquire other businesses in the energy management sector.

Harvey Sinclair, CEO, eEnergy Group plc, said: "Since our successful flotation, we haven't stood still, as we aim to deliver our growth strategy. As such, we are delighted Martyn has joined us. He has managed, grown and developed sales teams, and comes with over 20 years of sales leadership experience. As well as supporting the continued growth of eLight, he will help with our plans to develop eEnergy as a broader energy services company and capture the significant growth opportunities there are in the €25 billion per annum EEaaS market."

Martyn Sheridan, new Sales Director, said: "This is an exciting opportunity to help build a major new player in the energy services market. The Board has an ambitious strategy for the business. I am looking forward to working with the rest of the eEnergy team to achieve our goals in the rapidly growing energy efficiency market."

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Contacts:

eEnergy Group plc Harvey Sinclair, Chief Executive Officer	Tel: [phone] [e-mail] www.eenergyplc.com
Cairn Financial Advisers (Nominated Adviser)
Sandy Jamieson / James Caithie	Tel: [phone]
Turner Pope Investments (Broker) Andy Thacker / Zoe Alexander	Tel: [phone] info @turnerpope.com
Newgate Communications Giles Croot / Robin Tozer	Tel: [phone] [e-mail]

About eEnergy Group plc

eEnergy is an established "Energy Efficiency-as-a-Service" (EEaaS) business currently focused on providing "Light-as-a-Service" to commercial customers through eLight. eLight helps businesses and schools switch to LED lighting for a fixed monthly service fee, avoiding any upfront payments. For customers, the energy savings are greater than the monthly service fee, allowing them to unlock free cash-flow from day one as well as to improve the quality of their lighting and reduce carbon emissions. eLight procures, funds, installs and maintains the LED lighting, meaning the customer has no risk.

eEnergy was admitted to 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.

 

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