**Summary**
eEnergy Group PLC, a UK-based Energy-as-a-Service (EaaS) provider, has launched a new NHS-ready funding solution and secured its first multi-site Energy Performance Contract (EPC) with Symphony Healthcare Services Limited, a subsidiary of Somerset NHS Foundation Trust. The £0.7 million contract covers LED lighting upgrades across 18 GP surgeries in Somerset, funded through a unique structure backed by Redaptive. This solution allows customers to pay for energy-saving systems from energy savings rather than upfront costs, addressing IFRS 16 accounting challenges for NHS organizations.
The EPC is designed to accelerate energy transition in the public sector by removing barriers such as capital constraints and balance sheet complexity. eEnergy retains operational responsibility for the installed equipment, ensuring a service-style approach. The company’s CEO, Harvey Sinclair, highlighted the solution’s potential to transform NHS decarbonization efforts, particularly in adopting technologies like LED lighting, solar PV, and EV charging.
eEnergy, listed on AIM (EAAS), offers four core solutions—Reduce, Generate, Store, and Charge—and has delivered over 1,200 projects, including 590,000 LED installations. The company is backed by significant funding facilities, including a £100m partnership with Redaptive and a £40m NatWest facility. It holds positions on major public sector frameworks and has been recognized for its sustainability leadership, including the London Stock Exchange’s Green Economy Mark and inclusion in the UK Fast Growth 50 Index.
This announcement marks a significant milestone for eEnergy, validating its innovative funding model and positioning it as a key player in supporting NHS decarbonization and broader public sector energy transition.