eEnergy secures first contract to provide both solar power and LED lighting

Energy efficiency business eEnergy said on Thursday that it has secured its first contract win to provide solar power and LED lighting in a single contract.

eEnergy said the contract, with British Gaskets, was a single site contract that covers a solar power system, together with LED lighting, with a contract value of approximately £400,000.

The AIM-listed group added that over the 20 year lifetime of the system, the board anticipates a total customer cost saving, at today's prices, of almost £1.4m and a reduction of CO2 emissions of approximately 576,000 tonnes.

Chief executive Harvey Sinclair said: "This contract represents a major milestone for the Group as we begin to offer joined-up energy-as-a-service solutions to customers.

"Our offer is being well received by the market and this blueprint for material energy and cost savings, coupled with significant decarbonisation is compelling for customers and the environment. This contract gives us the confidence that we're on track to deliver results for FY22 in line with current market expectations."

As of 1120 BST, eEnergy shares were down 1.31% at 11.30p.