Business
Launch of Green Energy Initiative to help schools
Launch of Green Energy Initiative to help schools.
About this update from Eenergy Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1618E\n eEnergy Group PLC\n 04 November 2020\n \n \n \n \n 4 November 2020\n \n \n eEnergy Group plc\n \n \n (\"eEnergy\" or \"the Group\")\n \n \n \n \n \n eEnergy launches Green Energy Initiative to help UK schools switch to LED Lighting\n \n \n \n \n \n \n Initiative is designed to work alongside the\n \n \n Public Sector Decarbonisation Scheme to help schools complete LED lighting installations\n \n \n \n \n \n \n eEnergy Group plc (AIM: EAAS), a leading \"Energy Efficiency-as-a-Service\" (EEaaS) business in the UK and Ireland, is pleased to announce the launch of a new Green Energy Initiative (\"The Initiative\"). The Initiative is complementary to the Group's existing Light-as-a-Service (\"LaaS\") offering. It will focus on helping more UK schools, which are eligible for part but not full Government funding, to reduce carbon emissions and save money by switching to cheaper, more efficient LED lighting.\n \n \n \n \n \n The Initiative has been set up, by the Group, to work in conjunction with the Public Sector Decarbonisation Scheme (\"PSDS\"), created by the UK Government. The deadline for applications for the PSDS is 11 January 2021. Through the PSDS, the Government is prioritising £1 billion of grant funding to accelerate the decarbonising of public sector buildings, including state schools, academies and trusts, including by upgrading to LED lighting. \n \n \n \n \n \n Through the Initiative, the Group's LaaS operating business, eLight, will provide its usual end-to-end services, including carrying out the required energy audit, designing, installing and maintaining the lighting, as well as helping schools apply for the PSDS. \n \n \n \n \n \n Via its third-party commercial funding partners (\"Funding Partners\"), the Group will also provide qualifying schools with a more flexible funding package. This package will enable these schools to cover any funding shortfall from the PSDS, with the benefit of increasing overall cost savings to a school, through accelerated project timelines, thereby lowering the effective cost of finance.\n \n \n \n \n \n The PSDS will help raise awareness about the benefits of switching to LED lighting, however, given the volume of public sector buildings, including state schools, academies and trusts that are yet to...