eEnergy enters into new €10.0m project funding facility
eEnergy Group
4.50p
16:55 20/12/24
Digital energy services company eEnergy has entered into a new €10.0m committed project funding facility as part of an effort to extend both the scope and scale of its financing arrangements with SUSI Partners.
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eEnergy said on Wednesday that the facility extends the relationship between it and SUSI in Ireland to the UK.
The AIM-listed firm stated that by making financing available for up to twelve years and across its range of energy efficiency and onsite generation technologies, the facility will enable it to continue to create "innovative, market-leading capital free solutions" for its customers.
eEnergy added that it will continue to work with SUSI to grow the pair's long-term partnership beyond the facility, with a view to scaling funding capacity for energy efficiency projects to match its growth ambitions.
The facility will be provided through SUSI's Energy Efficiency Fund II.
As of 1025 BST, eEnergy shares were down 3.37% at 10.75p.