16 May 2025

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

Partnership to Fund up to £100m of Redaptive-Approved eEnergy Projects  

eEnergy (AIM: EAAS), the net zero energy services provider, announces it has entered into a partnership with Redaptive Inc. ("Redaptive"), the US based Energy-as-a-Service and data solutions provider.

Redaptive will provide funding of up to £100m to support Redaptive-approved eEnergy customer projects across all client sectors in the UK, with eEnergy undertaking operational oversight of such projects and bearing responsibility for all warranty and service-related contractual obligations. The partnership establishes eEnergy as one of Redaptive's dedicated delivery partners for Redaptive-initiated projects in the UK.

Redaptive is a leading Energy-as-a-Service provider in the US that rapidly funds and installs energy-saving and energy-generating equipment across its clients' real estate portfolios. Redaptive was founded in 2015, is headquartered in Denver, Colorado, and its clients include T-Mobile, WPT Capital Advisors, Novolex, Cintas, Saint-Gobain, Iron Mountain and many more. To date, Redaptive has completed a number of  projects in the UK but is looking to expand coverage.

Working together to deliver decarbonisation projects, eEnergy's leading UK market presence in large scale LED and solar installations will enable Redaptive to expand its business footprint in the UK at a faster scale, whilst providing incremental business to eEnergy with the opportunity to project manage and deliver LED and solar projects on behalf of Redaptive's customer base across Europe.

Whilst eEnergy's NatWest facility, which will be retained to maximise eEnergy's flexibility going forwards, is restricted to solely public sector projects, the Redaptive partnership allows eEnergy to harmonise a one-funder approach for customers across the public and private sectors in the UK and will be available to both Redaptive and non-Redaptive funded projects.

In addition, a key benefit for eEnergy of the Redaptive partnership is that the affected projects are fully funded such that eEnergy receives 100% of the net revenue in cash on completion, thereby significantly improving cash flow for eEnergy.

Harvey Sinclair, eEnergy CEO, comments: "This is a game-changing partnership. Redaptive's decision to  provide up to £100m unlocks a massive growth opportunity for eEnergy, giving us the firepower to deliver more funded decarbonisation projects, faster, and across every sector. As their lead UK delivery partner, we're not just accessing capital - we're joining forces with a global player to deliver scale. This enables us to accelerate our mission, remove financial barriers, and bring clean energy solutions to more organisations on their path to Net Zero than ever before."

Joe Bell, Redaptive Partnerships & International Strategy Leader, comments: "By leveraging our combined expertise, innovative technologies, and industry know-how, our companies have joined forces to achieve a shared vision: empowering organisations to accelerate their sustainability, energy efficiency, and carbon reduction goals with ease and at scale. With eEnergy as a partner, we are now positioned to accelerate our mission and help more organisations overcome the barriers to energy efficiency and carbon reduction across the UK."

For further information, please visit www.eenergy.com and https://redaptive.com/ or contact:

About eEnergy Group plc

eEnergy (AIM: EAAS) is revolutionising the path to Net Zero as a leading digital energy services provider for B2B and public sector organisations. We eliminate the barriers to clean energy generation and energy waste reduction, offering solutions that don't require upfront capital investment. Our vision is clear: make Net Zero possible and profitable for every organisation.

Our primary services include:

·      Reduce: LED lighting and controls

·      Generate: Solar PV, ground mount, rooftop, and carport

·      Charge: EV charging and management software

All eEnergy's services come with intelligent circuit-level energy analytics and are funded through a panel of funders (including Redaptive and NatWest) to provide an off-balance sheet-compliant energy-as-a-service solution.

eEnergy has completed over 1,100 decarbonisation projects within the B2B and public sector. We are #1 in the education sector, having worked with over 840 schools, installing over half a million LED lights, and improving the learning environment for over 443,000 students-enough to fill Wembley Stadium almost five times over. In one year alone, eEnergy has saved the education sector £13 million in energy costs. With over 70% of schools yet to transition to LED lighting and over 90% yet to deploy solar, eEnergy estimates that at least £5.4 billion would need to be invested to install adequate rooftop solar, LED lighting, and EV charging infrastructure in UK schools.

eEnergy is a market leader within the education sector and has been awarded the Green Economy Mark by the London Stock Exchange.

About Redaptive

Redaptive is a leading Energy-as-a-Service provider enabling Fortune 500 commercial and industrial enterprises to turn real asset infrastructure into a strategic engine for growth and efficiency-bringing together capital, intelligence, and performance. Founded in 2015 and headquartered in Denver, Colorado, Redaptive funds and deploys energy-saving and energy-generating systems across large, distributed real estate portfolios. Its programs help enterprises reduce energy waste, lower carbon emissions, and optimize operating costs-supporting broader business objectives such as operational resilience, financial performance, and long-term sustainability. Through flexible financing structures, asset performance optimization, and AI-driven intelligence, Redaptive empowers organizations to scale energy-efficient solutions faster and smarter. For more information, visit https://redaptive.com/ .

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