eEnergy secures contract with Newcastle College

eEnergySharecast graphic / Josh White

eEnergy Group

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Digital energy services provider eEnergy said on Thursday that it has secured a £975,000 contract with Newcastle College Group to deliver a full LED lighting conversion across ten buildings in Newcastle and Carlisle.

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eEnergy said the project supported its strategy to accelerate energy efficiency solutions through competitive tenders, reducing sales cycles and delivering results faster, while extending its reach within the education sector to include the university segment.

The AIM-listed group stated the LED conversion will involve upgrading 9,826 fittings across eight buildings in Newcastle and two in Carlisle and was scheduled to begin in January 2025 and complete by the end of March 2025.

"eEnergy's swift mobilisation, technical expertise, and capacity to manage multiple sites simultaneously were key factors in winning this contract, demonstrating its ability to deliver complex, high-quality projects on time and on budget," said eEnergy.

As of 1100 GMT, eEnergy shares were up 3.66% at 4.82p.

Reporting by Iain Gilbert at Sharecast.com