26 October 2021

eEnergy Group plc

("eEnergy" or "the Group")

Appointment of Managing Director of Energy Efficiency

eEnergy (AIM: EAAS), a leading Energy Efficiency-as-a-Service and Energy Management-as-a-Service business in the UK and Ireland, is pleased to announce the appointment of Simon Smith as Managing Director of its Energy Efficiency Division, effective 1 November 2021.

Simon has a proven track record of creating high-performing teams and delivering above-target sales growth through innovative solutions across a range of industries including energy, telecoms, procurement and IT. In this newly created role, Simon will be responsible for growing the Energy Efficiency-as-a-Service division, an integral part of the business which includes its Light as a Service offering for its enterprise and public sector clients. Simon will report directly to Harvey Sinclair, CEO of eEnergy.

Simon's most recent role was at Yu Energy plc, where he was on the Executive Management team and held the position of Group Sales and Marketing Director. In this role, he was responsible for doubling the average monthly bookings in 2020 and continuing a significant growth trend into the first half of 2021, up 56.5% on H1 2020. Simon also worked to deliver a turnaround strategy involving a new digital sales and marketing strategy, including growth from indirect sales channels.  

Prior to Yu Energy, Simon was CEO of BrightSourced, an innovative procurement-as-a-service solutions platform and Commercial Director of Utilyx Ltd (now part of Mitie PLC), a supplier of energy procurement and price risk management services to the corporate sector.

Commenting on the appointment, Harvey Sinclair, CEO, eEnergy said: "On behalf of the Group, I would like to welcome Simon to eEnergy as head of our growing Energy Efficiency division.  We are delighted to have attracted someone of Simon's calibre who will be an excellent addition to the management team.  Simon brings a wealth of experience to the role."

Commenting on his appointment, Simon Smith said: "I am delighted to be joining eEnergy at this exciting time of the Group's growth and development. I look forward to working with Harvey and the team."

For further information, please visit www.eenergyplc.com or contact:

About eEnergy Group plc

eEnergy Group plc is an integrated energy services company, enabling organisations to transition to 'Net Zero' through "Energy-as-a-Service".  The Group offers:

·    Energy Management as-a-Service; providing energy measurement, monitoring and analytics on top of core "Zero Carbon" procurement services;

·    Energy Efficiency as-a-Service; zero upfront capital, energy reduction solutions through measured savings contracts including its LED businesses; and

·    Enhanced customer value proposition through data gathered and analysed with its proprietary MY ZeERO platform

eEnergy was admitted to AIM in January 2020 with a strategy to use its market leading eLight "Light as-a-Service" business as the foundation to expand eEnergy as a broader energy services company via a 'buy and build' strategy. The Group has completed four transactions since admission, building a Top 5 energy management business in the UK and acquiring proprietary smart metering and analytics capability through the investment in MY ZeERO. The Board's strategy continues to be to build a broader energy services company through acquisition with a particular focus on energy efficiency related capabilities and technologies. The market in the EU for energy efficiency services was approximately €25 billion in 2017 and is expected to double by 2025.

eEnergy has been awarded The Green Economy Mark by the London Stock Exchange, which recognises a company's work on sustainability.