Luceco plc has announced its subscription for 35 million new ordinary shares in eEnergy Group PLC for £1.75 million. Luceco has experienced strong growth in LED lighting and electric vehicle (EV) chargers, and sees an opportunity to expand into developing categories in the clean energy sector. eEnergy is an important customer of Luceco's LED lighting division and is well positioned to become a significant channel for clean energy categories in the non-residential sector. eEnergy is a net zero energy services provider, offering energy efficiency and clean energy solutions without upfront investment. The company operates through two divisions: Energy Services and Energy Management. eEnergy is currently in exclusive negotiations to sell its Energy Management division. In the 12 months ended June 2023, Energy Services achieved revenue of £19.5 million, representing 87% year-on-year growth. Luceco has subscribed for 35,078,000 new ordinary shares in eEnergy at a price of 5p per share, representing a total investment of £1,753,900 for approximately 9% of the enlarged issued share capital of eEnergy. Luceco will have the right to nominate a board member. The completion of the subscription is subject to admission of the subscription shares to trading on AIM.