eEnergy plc
EAAS:LN
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Overview
Company Profile
eEnergy’s Energy Efficiency as a Service ‘EEaaS’ commercial proposition is to use its existing customer base to provide industrial and commercial businesses and the education sector with the ability to further reduce energy consumption, lower their carbon footprint and upgrade their facilities through energy saving improvements, with a maintenance-free solution for the duration of the service contract.
eEnergy facilitates customers to re-purpose their existing utility spend and unlock net cash-flow savings from their legacy infrastructure, without the need for capital investment. It also allows them to upgrade their building infrastructure so that it can comply with environmental legislation and meet HSE & CSR goals.
EEaaS with eEnergy also provides a customer with a credible, easy to understand service agreement that allows them to upgrade their facility with high-quality LED solutions and other energy saving initiatives, and so reduce their carbon footprint without the need for capital expenditure. The eEnergy client agreement is differentiated and is not a loan, or an asset finance agreement but a service contract which complies with the most recent accounting policies.
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Corporate
Board of Directors
David Nicholl
Non-Executive Chairman
David is an internationally experienced and proven technology leader in Industrial Internet of Things (“IIoT”) energy management and connected lighting, who has led significant international businesses as President and CEO for Philips Lighting (UK and Ireland), Rockwell Automation (UK and Ireland) and Schneider Electric (Sweden and Romania). He is currently Executive Vice President, Northern Europe, of ABB’s Electrification Business division. David has an MBA and a degree in electronic engineering and physics.
Harvey Sinclair
Chief Executive Officer
Harvey co-founded eLight and is a proven technology entrepreneur, who has achieved a number of successful exits of business over the last 15 years across a variety of different sectors; Software, Internet, ecommerce and in the Hospitality sector. In 2000, Harvey founded The Hot Group Plc (THG), which listed on AIM in 2002 and which he led on a successful consolidation of the online recruitment market, through a buy and build strategy, before leading the sale to Trinity Mirror in 2006. Harvey was investment director for Scottish Enterprise at Design LED between 2015 and 2019.
Dr Nigel Burton
Independent Non-Executive Director
Following over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, Nigel spent 15 years as Chief Financial Officer or Chief Executive Officer of a number of private and public companies. In addition to the Company, Nigel is currently a Non-Executive Director of BlackRock Throgmorton plc and several AIM listed companies including DeepVerge plc and Location Sciences plc.
Andrew Lawley
Non-Executive Director
Andrew is an experienced private equity investor and senior strategy leader specialising in supporting businesses through periods of significant scaling, transformation and M&A. Andrew is a qualified accountant and, after roles in corporate finance and corporate recovery, focussed on private equity as a Managing Director of the RBS Special Opportunities Fund LLP. In 2012 Andrew joined Dixons Retail Group plc as Group Strategy Director to lead strategy and M&A. Andrew played a leading role in the merger with Carphone Warehouse plc, subsequently becoming integration director and interim CEO of the services division, as well as continuing to lead all strategy and M&A work for the enlarged group. Andrew is currently Executive Chairman of Hunter Boot Limited.
Gary Worby
Independent Non-Executive Director
Gary is a chartered engineer. He brings considerable strategic experience having worked in the energy and carbon sector and supports the Group Board as an Independent Non-Executive Director. His career has included a variety of executive leadership roles guiding businesses through organic growth and Pan European expansion, acquisitions, and trade sales. He was MD of EnergyQuote JHA, one of the largest energy consultants acquired by Accenture, MD of Energy and Carbon Management acquired by Inspired Energy plc and currently operates as Executive Chairman for UDIntel.
Crispin Goldsmith
Chief Financial Officer
Crispin has 20+ years of experience in strategy, M&A and investments, and continues to be instrumental in developing and executing the eEnergy Group strategy. Crispin played a pivotal role in the acquisition of Utility Team and Beond Group’s combined energy supply-side services, strengthening eEnergy Group as a Net Zero as a Service Partner. Previous roles include Dixons Carphone, Duke Street, and Royal Bank Equity Finance (both private equity investment businesses) and PwC where he qualified as a chartered accountant.
Derek Myers
Non-Executive Director
Derek joined eEnergy following the acquisition of Beond Group in December 2020. He was the controlling shareholder of Beond, having held senior management and Board roles, including Managing Director and, from 2015, Chief Executive Officer. Previously, Derek was the Managing Director of iVentures Capital, an investment vehicle that raised funds to invest in and manage energy market businesses. Mr. Myers has previously worked as a strategy consultant at Accenture and futures trader at Macquarie Bank, trading, inter alia, energy products.