eEnergy Group PLC on Tuesday said it has secured a contract to provide onsite solar energy generation to its existing customer, Tudor Grange Academies Trust.

Shares in eEnergy rose 5.8% to 5.50 pence each in London on Tuesday morning.

The net zero energy services provider said the total contract value is £3.0 million, resulting in £1.9 million revenue to eEnergy which will be recognised across financial 2023 and financial 2024.

Tudor Grange Academies Trust, an existing customer of eEnergy, is a leading Multi Academy Trust of 12 schools based in the West Midlands.

This solar contract marks the latest stage in a successful ongoing Net Zero partnership with TGAT.

‘eEnergy is providing TGAT with a fully funded 10-year service agreement, a financed solution which requires no upfront investment for the customer, providing significant long-term savings in a turnkey solution,’ the company explained.

As a result of the project, TGAT is expected to be able to self-generate 30.5% of its energy needs.

Chief Executive Harvey Sinclair said: ‘eEnergy’s relationship with TGAT started with the provision of Energy Management services, including the use of eEnergy’s eAuction platform to facilitate an online marketplace with 25 energy suppliers, for their gas and electricity supply, including zero-carbon options.

‘This latest project illustrates eEnergy’s ability to provide end to end solutions for management and provision of low carbon energy to organisations.’

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