Major Contract Win with Spire Healthcare

eEnergy Group PLC

22 April 2024

 

22 April 2024

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

Major Contract Win with Spire Healthcare

eEnergy (AIM: EAAS), the net zero energy services provider, announces it has signed an estimated £5.2 million contract ("Contract") with Spire Healthcare Group plc ("Spire") to provide a PV (photovoltaic) system across 38 sites. Revenues under the Contract are expected to be recognised in FY24, supporting the Group's existing forecasts for the period. The Contract award follows the successful installation of a first solar trial site.

Spire is a leading provider of private healthcare in the UK, operating a network of 39 hospitals and over 50 clinics, medical centres and consulting rooms across England, Wales and Scotland. From those facilities, Spire provides diagnostics, inpatient, day case and outpatient care in areas including orthopaedics, gynaecology, cardiology, neurology, oncology and general surgery. Spire also operates a network of private general practitioners ("GPs") and provides occupational health services to over 800 corporate clients, and is the leading private provider, by volume, of knee and hip operations in the United Kingdom. Spire Healthcare also delivers a range of private and NHS mental health, musculoskeletal and dermatological services.

Harvey Sinclair, eEnergy CEO, comments: "This Contract win is one of our largest to date. The award underscores our dedication to deliver innovative energy efficiency solutions for our clients, showcasing our multi-project and multi-site abilities. The contract also showcases eEnergy's strong position within the healthcare industry and reflects the trust our clients place in our ability to optimise their energy consumption while reducing costs and environmental impact."

Jitesh Sodha, Spire Healthcare CFO and Chair of the Sustainability Committee said: "Environmental sustainability is a core component of our strategy and operations. With this investment we are reducing our carbon emissions and reducing our costs.

"I am pleased to see the environmental commitments we have made being realised, and I congratulate my colleagues on their determination and drive to meet our goal of becoming carbon neutral by the end of 2030."

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.

For further information, please visit www.eenergy.com or contact:

eEnergy Group plc	Tel: [phone]
Harvey Sinclair, Chief Executive Officer Crispin Goldsmith, Chief Financial Officer	[e-mail]
Strand Hanson Limited (Nominated Adviser)	Tel: [phone]
Richard Johnson, James Harris
Canaccord Genuity Limited (Joint Broker)	Tel: [phone]
Max Hartley, Harry Pardoe (Corporate Broking)
Turner Pope Investments (Joint Broker)	Tel: [phone]
Andy Thacker, James Pope	[e-mail]
Tavistock	Tel: [phone]
Jos Simson, Simon Hudson, Katie Hopkins	[e-mail]

About eEnergy Group plc

eEnergy (AIM: EAAS) is revolutionising the path to net zero as a leading digital energy services provider for B2B and public sector organisations. We eliminate the barriers to clean energy generation and energy waste reduction, offering solutions that don't require upfront capital investment. Our vison is clear: make net zero possible and profitable for every organisation. eEnergy is market leader within the education sector and has been awarded the Green Economy Mark by London Stock Exchange.

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