M2G supports Empiric on net zero goals

RNS Number : 2161U

Sabien Technology Group PLC

27 March 2023

 

27 March 2023

Sabien Technology Group plc

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

M2G supports Empiric Student Property plc on net zero goals

Sabien Technology Group plc (AIM:SNT), the company focused on a green aggregation strategy, today announces that it has completed an initial project with Empiric Student Property plc (LSE: ESP), the owner and operator of premium, studio-led student accommodation across the UK, to help reduce the energy consumption and monitoring of its property portfolio in line with its strategy to become net zero by 2033.

Sabien's M2G business, Sabien Technology Ltd, which focuses on CO2 mitigation devices for commercial boilers, has been working with its mutual partner, Amber Energy Solutions Ltd, over the last six months to install equipment across eight properties in Empiric's portfolio to reduce CO2 emissions .

Empiric Student Property has also adopted Sabien`s M2G cloud connect solution to support the delivery of energy efficiencies and cost savings across these properties, as well as the monitoring of longer-term energy use with the potential for further system optimisation opportunities.

Richard Parris, Chairman of Sabien, commented:

"Empiric is a valued customer with a highly engaged team.  The Board of Sabien would like to take this opportunity to thank Empiric for its confidence in our service as it continues to implement its net-zero strategy. We look forward to growing our relationship with Empiric, as we do with our other customers, towards the accomplishment of this vital goal."

Donald Grant, Chief Financial & Sustainability Officer at Empiric Student Property plc, added:

"We are pleased to be working with the team at M2G as part of our commitment to delivering our net zero strategy. Following a promising initial trial, demonstrating cost savings and efficiencies whilst also reducing emissions, we are now rolling this out across our wider portfolio of studio-led purpose built student accommodation."

For Further Information: Sabien Technology Group plc Richard Parris, Executive Chairman Scott Fulton, Investor Relations	[phone] [e-mail]
Allenby Capital Limited (Nominated Adviser) John Depasquale / Nick Harriss / Vivek Bhardwaj	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams	[phone]
Empiric Student Property plc (via FTI Consulting) Dido Laurimore Eve Kirmatzis	020 3727 1000 [e-mail]

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