Eenergy Share Discussion Threads

[noirua] 07/3/2020 11:48

No announcements since the float and EAAS has drifted from 9p to 5.6p. In a very good growth sector although that growth may be slow.

[hedgehog 100] 05/3/2020 15:46

Interestingly, EAAS's new sales director has just moved here from a similar role at E.ON, which acquired Innogy six months ago:

28/01/2020 07:01 RNSNON eEnergy Group PLC Appointment of Sales Director
"eEnergy Group appoints first Sales Director
eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to announce the (non-main Board) appointment of Martyn Sheridan as Sales Director.
In this new role, reporting to CEO and co-Founder Harvey Sinclair, Martyn will manage and grow eEnergy's sales channels. Martyn brings considerable industry experience to the Group. He joins from E.ON where he spent eight years, most recently as Head of National Sales for E.ON's Energy Solutions Division. ..."



And E.ON, which has over 33 million customers, and is very pro sustainable enegy:

"... It operates in over 30 countries and serves over 33 million customers.[5] Its chief executive officer (Vorstandsvorsitzender) is Dr. Johannes Teyssen.[6] ...
In 2019, E.ON became the first of the "big six" UK power companies to switch all of its British electricity customers entirely to renewable electricity.[12] ..."



All of this bodes well for an EAAS channel partner agreement with E.ON, which would be seismic news for the company.

And I expect that negotiations on this are already taking place.

[hedgehog 100] 05/3/2020 15:20

From my interview notes in post 57 above:
"• Starting to sign partnership agreements with strategic channel partners, to ease access to potential new customers. Will be the big growth area for them - one point of contact can link to a huge number of potential customers. Innogy, a large utility provider, has just signed with eLight Ireland."


I wonder why that deal with Innogy wasn't RNSed?!

Innogy is a huge player, so for EAAS to have signed a partnership with them is huge news:

"Innogy SE is an energy company based in Essen, Germany. It is a subsidiary of the German energy company E.ON. The company was created on 1 April 2016, by splitting the renewable, network and retail businesses of RWE into a separate entity.[2][3] The new entity combined RWE subsidiaries RWE Innogy, RWE Deutschland, RWE Effizienz, RWE Vertrieb and RWE Energiedienstleistungen.[1]
On 7 October 2016, it was listed at the Frankfurt Stock Exchange.[2] They serve twenty three million customers in Europe.
In November 2017, it was announced that Innogy was looking to merge its energy retail subsidiary npower in the United Kingdom, with the equivalent division of rival SSE.[4] It is planned that Innogy shareholders would own 34% of the demerged entity.[5]
In March 2018, it was announced that E.ON will acquire Innogy, in a complex deal of assets swap with RWE.[6] The transfer of shares was completed in September 2019.[7]"



Twenty three million customers! This is a huge market opportunity and boost for EAAS.

And other news like this should follow.

The company is clearly very busy, and there's a lot of positive development going on behind the scenes.

EAAS is the largest light as a service company in Europe, and it looks like they're really capitalising on this market-leading position.

[hedgehog 100] 05/3/2020 15:04

From the EAAS AIM admission document, 20.12.19, page 27:

"Current pipeline
The Proposed Directors consider that eLight’s existing customer pipeline represents a compelling opportunity and stood as an estimate at over €30 million as at 8 November 2019. In Ireland, eLight is winning on average 6 new projects a month and in the UK it is in the process of installing pilot programmes on behalf of some particularly large customers with a view to rolling-out such installations across many hundreds of facilities."



A 50% conversion rate on that €30M. + pipeline would equate to over €15M. of new revenue!

[hedgehog 100] 05/3/2020 14:50

Harvey Sinclair speaks well, and makes a very compelling investment case for EAAS.

Here are some of the key points from his Investor's Champion interview two days ago:

• Clean energy is the hottest sector at the moment.

• The energy saving market has reached a tipping point in the last 6 - 12 months: social, economic, and compliance pressures all coming together at the same time.
Pressure on the grid - grid struggling to cope - increasing number of power cuts.

• The average classroom, by switching to LED lighting, saves an average of ten trees p.a.

• Starting to sign partnership agreements with strategic channel partners, to ease access to potential new customers. Will be the big growth area for them - one point of contact can link to a huge number of potential customers. Innogy, a large utility provider, has just signed with eLight Ireland.

• 35% conversion rate of proposals to contracts wins. Seeing that move to 50% this year.

• The business could quite easily be a 10 - 15 year growth story. There's so much growth potential in the market.

• E.g. Bulb Energy - has grown to a million customers in a short period of time.

• Regulation coming in the SME sector - will increase their opportunities. Multi-billion pound market opportunity.

[hedgehog 100] 04/3/2020 16:53

Thanks for that link IC.

Hopefully the company is now embarking on a round of promotion, to complement its interim results this month.

EAAS is still off the radar screen of most investors, so the more publicity the better.


"More than Money: Harvey Sinclair
03/03/2020 · eEnergy (EAAS)

Chief executive Harvey Sinclair describes eEnergy as a new generation energy company. It provides green energy as a service, currently though its operating subsidiary eLight, by retrofitting LED lightbulbs into schools and small businesses. Customers pay for the service via the cost savings that they achieve by making the switch to LED.

Harvey Sinclair brought the company to AIM just six weeks ago. I spoke to him about the opportunities presented by this exciting market."

[hedgehog 100] 03/3/2020 19:14

Sustainable energy is a defensive sector, so looks a safer bet than many in challenged markets.

ITM Power (ITM) for example is up over 22% today, despite no RNS.




And my prediction is that when good EAAS news comes it will move fast, and could be very difficult to buy in any size.

As regards EAAS newsflow, EAAS are looking to announce some very large customer wins - they're working on a number of multi-site retail customers that have got in excess of 300 to 400 outlets per customer. Big deals like that take time to negotiate, and the company can't jeopardise them by saying too much in advance. But deal news is overdue, and when it comes I think we're due a big rise from the current oversold position.

In addition, we're due the interim results this month, which should be positive, and should be accompanied by other helpful publicity ... and perhaps even some director share buying.

[hedgehog 100] 02/3/2020 16:08

EAAS also reminds me of Independent Energy (IEH) before it really took off, approximately seventy-bagging within a few years.

At its height in March 2000, Independent Energy was valued at over £37 a share - a market cap. of more than £1.5bn.

In 1999, the then stock-market darling Independent Energy was named Alternative Investment Market Company of the Year.

Unfortunately it then hit problems due to over-rapid expansion, and difficulties in billing domestic customers (problems in obtaining customer meter readings from previous suppliers), but not before investors could have made a fortune.

[hedgehog 100] 25/2/2020 16:08

EAAS reminds me of Telecom Plus (TEP) before it really took off, rising from 100p in 2006 to over 1,900p in 2013.

TEP, trading under the name of Utilities Warehouse, supplies cheap electricity, gas, broadband and mobile services, to residential and business customers via a single monthly bill.





Telecom Plus was built-up by its CEO Charles Wigoder, who previously built a service business in the 1990s when he founded People’s Phone, for the mobile market. The business was sold to Vodafone for £77M.

And he reminds me of the new EAAS CEO Harvey Sinclair, who built up the Hot Group before selling it for about £50.5M.:

20/12/2019 07:00 UK Regulatory (RNS & others) Alexander Mining PLC Proposed acquisition of eLight
" ... Harvey Ian Sinclair, Chief Executive Officer (age 48)
Harvey co-founded eLight and is a proven technology entrepreneur, who has achieved a number of successful exits of businesses 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. ..."

[hedgehog 100] 11/2/2020 14:17

From Proactive Investors:
"eEnergy eyes win-win in sustainable energy space
Philip Whiterow 13:57 Thu 09 Jan 2020
... Revenues in the year to June were £4.5mln, but house broker Turner Pope forecasts this doubling to £8.4mln in the current year and rising again to £12.6mln in 2021.
That is also the year the broker sees eEnergy moving into profit after a loss of £1.6mln last year. ..."
[...]


Also remember the magic of 'compounding': what Einstein called the eight wonder of the world.
E.g. A company with turnover of £1M. p.a., doubling it yearly for a decade, would have annual turnover of over a billion pounds.
This is also illustrated by the famous 'Rice And Chessboard Story':


This type of stellar growth is rare though, and investors will pay very highly for it.

[hedgehog 100] 11/2/2020 14:05

moneymunch 12 Jan '20 - 15:09 - 14 of 48 0 0 0
" " In terms of key newsflow, we're looking to announce very large customer wins. We're working on a number of multi-site retail customers that have got in excess of 300 to 400 outlets per customer"
"

moneymunch 17 Jan '20 - 13:31 - 23 of 48 0 1 0
"Good news could drop at anytime, they confirmed in the admission documents that they were in negotiations with a Clean and Green technology fund partner, which could add significant value, and the CEO has confirmed that they are working to secure some very large customer wins...watch this space!!! Gla holders:-) "


Thanks for your helpful postings Moneymunch.

And remember that one huge deal can give a huge turnover leap virtually overnight.
E.g. Ecotricity's increasing four-fold in a year (nearly £40M. increase):
"This was the year we teamed up with Thames Water in a really ground breaking joint venture to produce and supply renewable electricity. ... And it was a big one – taking our turnover to £50M a year in one big (four fold) jump. ..."

[hedgehog 100] 11/2/2020 11:46

"Energy-as-a-service will transform the sector

Providers, under pressure from new industry entrants, could look to move into the as-a-service market to diversify their offering

BY HEIDA VELLA - FEBRUARY 14, 2019

As the utility industry continues to undergo major transformation driven by decarbonisation, decentralisation and digitisation, an emerging business model, known as ‘energy-as-a-service’, is set to disrupt it further.

This broad umbrella term describes the growing sub-market of selling not only energy, but also technology, analytics, personalised services and even access to the grid.

“We are seeing more effort now to develop a new retail model than at any time over the last 100 years,” says James Sprinz, head of decentralised energy at Bloomberg NEF.

The trend is driven, in part, by advances in technology, and the desire of residential and business consumers to reduce costs and/or their carbon emissions. But also, says Mr Sprintz, by major European energy suppliers trying to claw back market share lost to renewables and new markets entrants, such as smaller players including Good Energy and Ovo Energy.

“Energy providers are looking at other things they can sell besides electricity, which has seen a large increase in capital in the market, as well as more mergers and acquisitions,” he adds. ...

Big Six moving into energy-as-a-service by acquiring new companies ...

Though still relatively nascent, this market is poised to grow and diversify, especially with the continued emergence of electric vehicles and smart cities. According to Navigant Research, the energy-as-a-service annual market for commercial and industrial customers is expected to reach $221 billion by 2026. ..."

[hedgehog 100] 11/2/2020 11:03

From Proactive Investors:
"eEnergy eyes win-win in sustainable energy space
Philip Whiterow 13:57 Thu 09 Jan 2020
Average contracts currently are sized around £130,000 but this will get larger as it moves up the value chain.
eEnergy is planning buy and build consolidation strategy among sustainable energy businesses.
Energy-efficient specialist eEnergy Group PLC (LON:EAAS) made a steady start as trading got underway in AIM’s first float of the new year. ...
He sees the sector following the trend of mobile technology and cars, where monthly subscriptions have become the norm with no capital requirements for the customer. ..."
[...]


EAAS: Energy-As-A-Service: energy-as-a-service is a revolutionary new business model which should transform the energy sector.

And sustainable energy looks like a good space to be in at the moment.


Good Energy (GOOD) is up over 150% since the start of last year:




And ITM Power (ITM) is up over 400% during the same period:

[noirua] 30/1/2020 00:26

Time to be patient, Company definitely in the right sector but some shareholders in eLight appear to be selling shares at this first opportunity.

[moneymunch] 28/1/2020 07:20

UK supermarkets under pressure to reduce carbon emissions, and so plenty of potential business for EAAS. Gla ;-)


Sainsbury's has promised to reduce its net carbon emissions to zero over the next 20 years.

The supermarket chain, which is the second largest in the UK, has said it will spend £1bn to reach the target.

It pledged to reduce emissions from areas like refrigeration and transport.

But, while the 2040 target puts Sainsbury's ahead of rivals, critics noted that it does not yet extend to the supermarket's supply network, which accounts for most of its emissions.

Currently, Sainsbury's produces one million tonnes of carbon each year, although, the supermarket said that figure had fallen by a third in the last 15 years.

Over the next two decades, Sainsbury's will spend an average of £50m a year on things like converting some of its vehicles to use alternative fuel and redesigning stores to be more energy efficient in order to achieve the goal.

...................

"Supermarkets have a huge influence on our personal carbon footprints, so the more they can do to embrace and encourage greener lifestyles the better for us all."

Rival, Tesco has said it plans to achieve net zero by 2050, 10 years later than Sainsbury's. However, it has also set targets for its suppliers demanding they reduce carbon emissions by 7% this year.

[moneymunch] 28/1/2020 07:12

eEnergy Group PLC (EAAS)




28 January 2020

eEnergy Group plc


eEnergy Group appoints first Sales Director

eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to announce the (non-main Board) appointment of Martyn Sheridan as Sales Director.



In this new role, reporting to CEO and co-Founder Harvey Sinclair, Martyn will manage and grow eEnergy's sales channels. Martyn brings considerable industry experience to the Group. He joins from E.ON where he spent eight years, most recently as Head of National Sales for E.ON's Energy Solutions Division. While there, Martyn worked across the Large Industrial & Commercial supply area for major corporate clients including Virgin Media, Lucozade and DS Smith. He helped transform E.ON's Energy Solutions offering by bringing together energy efficiency, energy generation, storage and Demand Side Response services. It is now one of the UK's largest energy solutions businesses for large businesses.



His initial focus will be on developing new sales channels for eLight, which is the Group's established EEaaS business. eLight provides "Light-as-a-Service" to commercial customers, helping businesses and schools switch to LED lighting for a fixed monthly service fee, with no upfront costs. For customers, the energy savings are higher than the monthly service fee allowing them to unlock free cash-flow from day one, as well as improve the quality of their lighting, and reduce carbon emissions by up 80%. Since 2013, eLight has developed a proven operating platform and eLight, and its predecessor businesses, have completed over 800 client projects in the UK and Ireland.



Martyn's appointment follows the Group's successful admission to AIM in January 2020. The Board has a strategy to grow the business, both organically and through acquisition. The Group will invest in technology, new sales channels and additional resources to substantially increase the Company's revenue over the next three years. The Board's strategy is to develop eEnergy as a broader energy services company and to acquire other businesses in the energy management sector.



Harvey Sinclair, CEO, eEnergy Group plc, said: "Since our successful flotation, we haven't stood still, as we aim to deliver our growth strategy. As such, we are delighted Martyn has joined us. He has managed, grown and developed sales teams, and comes with over 20 years of sales leadership experience. As well as supporting the continued growth of eLight, he will help with our plans to develop eEnergy as a broader energy services company and capture the significant growth opportunities there are in the €25 billion per annum EEaaS market."



Martyn Sheridan, new Sales Director, said: "This is an exciting opportunity to help build a major new player in the energy services market. The Board has an ambitious strategy for the business. I am looking forward to working with the rest of the eEnergy team to achieve our goals in the rapidly growing energy efficiency market."

[moneymunch] 26/1/2020 16:09

I wonder if Lansdowne are the Clean and Green technology fund that Eaas are in negotiations??? Gla :-)

Lansdowne makes push into renewable energy

Lansdowne Partners, one of the largest hedge funds in London, is expanding its renewable energy strategy with a fund dedicated to the sector.



This hedge fund trounced the market in 2019 with 37% returns while most others fell way short. Lansdowne's big bets on clean energy paid off.


Jan 9, 2020

[datait2] 25/1/2020 11:26

he is a well know stock manipulator, tw at and to sser, most on advfn site think he works in a team to ramp stocks whilst he sell into rises.imo. he posts speculative sayings and guesses to drive up prices of penny hype stocks.

be very aware!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

there was talk about 2 years ago about investors seeing him in court over his actions on what he did on the UKOG forum.imo.

[datait2] 25/1/2020 11:25

HIS FAV SAYING IS gla ,

[datait2] 25/1/2020 11:25

HIS FAV SAYING IS gla ,

[datait2] 25/1/2020 11:25

HIS FAV SAYING IS gla ,

[moneymunch] 21/1/2020 14:53

20/12/19


Potential added value from confirmation of successful negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements.

"eLight has secured contracts directly with certain of the world's leading technology manufacturers, bypassing distributors and wholesale channels to ensure a competitive advantage for its projects, and is in negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements. "

[moneymunch] 21/1/2020 14:30

Good news could drop at anytime. Gla ;-)

Currently focused on LED lighting, eEnergy is promoting the message that reducing energy use and carbon emissions can be profitable.

Harvey Sinclair, chief executive, says that a lot of organisations are put off by the high capital cost that comes with energy-efficient projects.

“We take that cost away for schools and businesses and allow them to take advantage for a fixed monthly fee"

Schools, especially, are a market eEnergy is currently targeting.

Lighting can account for up to 50% of a school’s energy budget.

An LED upgrade can cut that cost by up to 75% with a 30% reduction in energy use and carbon emissions or about ten trees per year per classroom, says Sinclair.

Energy cost savings are greater than the monthly service fee while the quality of lighting is improved and carbon emissions reduced.

Subsidiary eLight does all the procurement, funding, installation and maintenance and in cash terms the savings can generate up to £250,000 over ten years.

It is numbers like these that underline the huge opportunity in the sustainable energy space, says Sinclair.

He sees the sector following the trend of mobile technology and cars, where monthly subscriptions have become the norm with no capital requirements for the customer.

So far, eEnergy has completed around 800 LED lighting projects in the UK and Ireland, but there are 25,000 schools in the UK alone of which 80% have yet to switch to LED.

eEnergy’s ambitions stretch further than just lighting, however.

Reasons for the listing are to fund a new app to help it push in the small business space and also to give it the currency to start a buy and build consolidation strategy among sustainable energy businesses.

That would take it into areas such as energy management, where it can both acquire customers and apply the experience it has built up during through its LED projects to offer a range of greener alternatives for their energy requirements.

Average contracts currently are sized around £130,000 but this will get larger as it moves up the value chain.

For example, Sinclair is hopeful of retail contracts that will see between 600-700 stores converted.

Revenues in the year to June were £4.5mln, but house broker Turner Pope forecasts this doubling to £8.4mln in the current year and rising again to £12.6mln in 2021.

That is also the year the broker sees eEnergy moving into profit after a loss of £1.6mln last year.

How fast the buy and build strategy progresses will have a bearing on these numbers, but there is no doubt the demand is there.

Estimates across the EU are for the energy efficiency market overall to be worth €50bn by 2025 and with pressure mounting on governments everywhere to take more radical action on climate and environmental issues it might be a lot higher.