Eneraqua Technologies PLC Control Flow HL2024 unlocks blocked development

TIDMETP

Eneraqua Technologies PLC

08 June 2023

RNS Reach

8 June 2023

Eneraqua Technologies plc

("Eneraqua Technologies", the "Company" or the "Group")

Control Flow HL2024 technology unlocks commercial development from water neutrality block

Eneraqua Technologies plc, a provider of specialist energy and water efficiency solutions, announces that use of its Control Flow HL2024 technology has unlocked the development of a large commercial site for one of the Group's Local Authority clients. This builds on the Company's successful net water neutrality programme which has been used to unlock development of new housing.

In the UK and Europe, approval of many new homes and commercial developments is being delayed due to concerns on water and nutrient neutrality in the local water catchment area. In the UK the House Builders Federation estimate this issue is currently delaying approval of some 120,000 new homes. The same concerns also apply to commercial developments with many projects on hold across the UK.

Following a successful pilot last year, Eneraqua's Control Flow HL2024(R) products are being used to unlock new homes affected by neutrality concerns. Following extensive long term trials, Control Flow HL2024(R) products are recognised as delivering long-term water savings by reducing water wastage in the home. On average they reduce water consumption by more than 20%. By reducing long-term demand from existing homes, Control Flow HL2024(R) products create the headroom needed for new builds.

As a result of the water savings achieved, approval has now been given for the first commercial site which was impacted by delays caused by water neutrality issues. The opening of the 14,500 sq m factory and warehouse development had been held in the planning phase since 2021 due to concerns raised by Natural England of the impact on local water resources. Through an installation programme of Control Flow HL2024(R) products into existing homes in the area, Natural England has agreed that there is sufficient water headroom and has now signed off on the opening of the development. This is expected to create some 200 new jobs in the area.

Eneraqua is in discussions with a number of local authorities and developers on how it could help them unlock their development sites and support local regeneration.

 
For further information please contact: 
 
 Eneraqua Technologies plc                   Via Alma PR 
 Mitesh Dhanak, Chief Executive Officer 
 Iain Richardson, Chief Financial Officer 
 
 
 Alma PR (Financial PR)                      Tel: [phone] 
 Justine James 
 Sam Modlin                                  [e-mail] 
 Will Ellis Hancock 
 

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group has two divisions energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

The water division is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes.

The activities in both divisions are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's head office is based in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 168 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.

   To find out more, please visit:   www.eneraquatechnologies.com 

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June 08, 2023 02:00 ET (06:00 GMT)