Business
Launch of new COVID-19 package for Schools
Launch of new COVID-19 package for Schools.
About this update from Eenergy Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 1249N\n eEnergy Group PLC\n 18 May 2020\n \n \n \n \n 18 May 2020\n \n \n eEnergy Group plc\n \n \n (\"eEnergy\" or \"the Group\")\n \n \n \n \n \n Launch of new COVID-19 package for Schools\n \n \n \n \n \n In addition to providing a switch to LED lighting for no upfront investment, eLight will help schools by supplying a sanitisation service and a payment holiday.\n \n \n \n \n \n eEnergy Group plc (AIM: EAAS), a leading \"Energy Efficiency-as-a-Service\" (EEaaS) business, has launched a specialist sanitisation service to support schools in the UK and Ireland as they prepare for the return of pupils. \n \n \n \n \n \n Through its subsidiary eLight, the Group helps businesses and schools switch to LED lighting for a fixed monthly service fee, avoiding any upfront payments (known as Light-as-a-Service or LaaS). \n For schools, the benefits of LaaS are compelling. Schools can unlock cash savings while significantly reducing their carbon footprint. For example, one secondary school which recently signed with eLight is expected to release £500,000 of cash over a 10-year period without any capital costs. \n \n \n \n \n \n As well as installing the LED lighting, eLight is now offering schools the opportunity to sanitise their buildings as well. The whole package is entirely funded through the energy savings created by the change to LED lighting. To further incentivise schools, eLight is also offering a three-month payment holiday if they make the switch to LED lighting before September 2020. \n \n \n \n \n \n eEnergy is already a leading supplier of energy efficiency services to the education sector in the UK and Ireland\n . eLight has completed installations of LED lighting at 170 schools over the last three years, with 21 undertaken in 2020. The directors of eEnergy estimate that 70-80% of UK independent schools have not yet transitioned to energy-efficient lighting. \n \n \n \n \n \n Since the start of the lockdown, many schools have started to look at energy reduction projects while there are no (or reduced numbers of) pupils on site. \n Demand for eLight's service is gaining momentum, and the Group is currently assessing over 200 school projects. Based on current conversion rates, eEnergy expects to convert over 40% of...