Zero carbon irrigation contract win

RNS Number : 9815J

Eneraqua Technologies PLC

03 May 2022

 

3 May 2022

Eneraqua Technologies plc

("Eneraqua Technologies", the "Company" or the "Group")

Zero carbon irrigation contract win marks entry into Agritech sector

Eneraqua Technologies plc, a provider of specialist energy and water efficiency solutions, is pleased to announce its ClimateSmart Irrigation solution has been selected by the Department of Horticulture for the State Government of Uttarakhand, India.  The £0.9m contract will see the Group supply the systems to 340 horticultural farms across the state reducing their carbon emissions and improving water efficiency.  This is the first major zero carbon irrigation initiative of its kind in India.

The programme, which is scheduled to start in 2022 and complete in 2023, will see Eneraqua Technologies' India subsidiary, Cenergist Energy Private Ltd, deliver a package of water, energy and soil conservation solutions which integrates the Company's patented technology Control Flow HL2024.  By efficiently managing water usage, this will help farmers to conserve water, improve crop yield and prevent soil erosion.  Solar PV is used to power the irrigation systems. 

The project in Uttarakhand represents an important step towards the decarbonisation of the agriculture sector and provides a template for other states in India and beyond. 

Eneraqua Technologies is committed to helping its clients meet their decarbonisation and net-zero targets through its patented technologies.  As a specialist in this area, the Group can help organisations achieve their climate change goals in a low-cost and sustainable manner.   

Commenting on the contract win, Eneraqua Technologies CEO, Mitesh Dhanak, said: "We are delighted to be chosen by the State Government of Uttarakhand to support them in delivering this important programme.  As well as reducing carbon emissions, this programme will also reduce pressure on water resources and improve the incomes of farmers.  This offers an attractive template for other states looking to decarbonise the agricultural sector while meeting the challenges of sustainability." 

For more information, please contact:

Eneraqua Technologies plc	Via Alma PR
Mitesh Dhanak, CEO	www.eneraquatechnologies.com
Iain Richardson, CFO
finnCap Limited - Nominated adviser and Broker	[phone]
Ed Frisby / Charlie Beeson - Corporate Finance
Andrew Burdis / Sunila de Silva - ECM
Alma PR - Financial PR and IR	[phone]
Justine James / Sam Modlin / Will Ellis Hancock	[e-mail]

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group has two divisions energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support net-zero and decarbonisation goals.

The water division is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes. 

The activities in both divisions are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's head office is based in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 116 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.

To find out more, please visit:   www.eneraquatechnologies.com

 

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