eEnergy Group plc has announced that it has secured a contract to provide onsite solar energy generation to its existing customer, Tudor Grange Academies Trust (TGAT). The contract is valued at £3.0 million, with £1.9 million in revenues to be recognized across FY23 and FY24. TGAT is a leading Multi Academy Trust of 12 schools based in the West Midlands. This solar contract is part of a successful ongoing Net Zero partnership between eEnergy and TGAT.
Under the contract, eEnergy will provide TGAT with a fully funded 10-year service agreement, allowing the customer to benefit from significant long-term savings without any upfront investment. The project is expected to enable TGAT to self-generate 30.5% of its energy needs and export any unused energy to the grid for additional income.
Steven Groutage, Chief Operating Officer of Tudor Grange Academies Trust, expressed his delight in working with eEnergy on this project, stating that it is the next step in their journey to Net Zero. He emphasized the importance of practicing what they preach and providing a greener future for generations to come.
Harvey Sinclair, CEO of eEnergy, highlighted the company's relationship with TGAT, which started with the provision of Energy Management services and the use of eEnergy's eAuction platform for their gas and electricity supply. He stated that this latest project demonstrates eEnergy's ability to provide end-to-end solutions for the management and provision of low carbon energy to organizations.
Overall, eEnergy is empowering organizations to achieve net zero by tackling energy waste and transitioning to clean energy without the need for upfront investment. They offer services such as digital procurement of clean energy, energy management, energy efficiency solutions, and onsite renewable generation and electric vehicle charging.