Harvey Sinclair CEO of eEnergy talks about the acquisition of UtilityTeam a top 20 UK energy management business

Sep 16, 06:15 AM

Harvey Sinclair CEO eEnergy Group #EAAS talks about the proposed acquisition of UtilityTeam a top 20 UK energy management business.

Harvey Sinclair CEO of eEnergy Group #EAAS talks about the proposed acquisition of UtilityTeam a top 20 UK energy management business.

Harvey Sinclair, CEO of eEnergy:
"The acquisition of UtilityTeam, when combined with our existing businesses, gives eEnergy the ability to offer customers a broad range of services and expertise in energy management, energy efficiency and intelligent measurement & analysis. It is in line with our strategy to "buy and build" a portfolio of complementary operations that can take full advantage of market demand for zero carbon energy and energy data.

"For investors, we will be able to provide exposure to the links in the value chain of energy conservation, management and transition in areas that we expect to grow significantly in the years ahead. This is an important milestone in our development and one which the Board believes will benefit all of our stakeholders - customers, staff and shareholders."

eEnergy - organic growth complemented by "buy-and-build" strategy
eEnergy is an integrated energy services company, enabling organisations to transition to 'Net Zero' by providing organisations with energy management and capital free energy efficiency solutions to reduce their carbon footprint and unlock hidden cost savings.

Overview of UtilityTeam
UtilityTeam TopCo Ltd ("UtilityTeam") is a UK-based, top 20 energy consulting and procurement business, whose services aim to reduce costs and support clients' transition to Net Zero. Established in 2009, UtilityTeam is headquartered in Coventry, UK and has 37 employees. UtilityTeam is a founder member of the Future Net Zero Standard, and integrates Net Zero strategy and capability into the traditional energy procurement process.

UtilityTeam's services include provision of green energy strategy, hedging strategies, bill validation, bureau services, site works, audits and market intelligence. UtilityTeam is focused on renewable energy, with every tender including a renewable option. Further, 39% of contracts arranged in 2021 to date are with renewable energy providers.