eEnergy Group appoints Operations Director for eLight

eEnergy Group plc (AIM: EAAS), an “Energy Efficiency-as-a-Service” (EEaaS) business in the UK and Ireland, is pleased to announce the appointment of Lee Mason as Operations Director for the Group’s subsidiary, eLight Group Holdings Limited (“eLight”). eLight 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).

Starting on 1 July 2020, Lee will help increase eLight’s engineering capability and capacity to meet the growing demand for LaaS, particularly in the education sector. eLight has completed installations of LED lighting at 170 schools over the last three years, with 26 now undertaken in 2020.  The Group is currently assessing over 200 school projects. Based on current conversion rates, eEnergy expects to convert over 40% of these projects into signed contracts.

Lee will join a management team committed to delivering the Group’s strategy. The Board has a plan to grow the business, both organically and through acquisition. The Group plans to invest in technology, new sales channels and additional resources to substantially increase the eEnergy’s revenue over the next three years. Over time, eEnergy will become a broader energy services company and acquire other businesses in the energy management sector.

Harvey Sinclair, CEO, eEnergy Group plc, said: “Since the beginning of the year, we have seen considerable interest in the eLight proposition, especially from schools. The COVID-19 crisis has helped accelerate interest in projects that help save schools money and cut carbon emissions. With demand increasing, we must have the capability and resources to deliver even more successful installations. As such, we are delighted that Lee is joining us in this new role. He brings with him considerable experience, including working on one of largest LED retrofit programmes in Europe while at GE Current.”

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