eEnergy Group (LSE:EAAS) has obtained a £1 million secured loan from Harwood Holdco Limited to strengthen working capital as it accelerates delivery of a large UK government-supported solar PV and battery installation programme overseen by Mace. The project scope is being expanded to include as many as 73 schools, with additional LED lighting and electric vehicle charging installations now incorporated, and completion targeted for 30 June 2026.
The financing is designed to cover short-term peak working capital requirements as the company transitions from a traditional direct sales approach toward larger, longer-term contracts. This shift includes participation in an expanding pipeline of sizeable tender opportunities. Management noted that the facility enhances liquidity and balance sheet flexibility, while the group remains on track to approximately double first-half 2026 revenue to around £20 million, reflecting growing traction in higher-value infrastructure contracts despite reduced cash levels at year-end.
The company’s outlook continues to be influenced by weak financial performance and soft technical indicators. Although recent corporate developments provide some positive momentum, they do not fully offset ongoing financial and operational pressures. Valuation metrics remain challenged by a negative price-to-earnings ratio and the absence of dividend income.
More about eEnergy Group
eEnergy Group plc is a UK-based Energy-as-a-Service provider focused on financing and delivering energy efficiency and generation solutions for multi-site public sector and commercial customers, particularly within the education sector. Its core services include LED lighting upgrades, solar photovoltaic systems, battery storage and EV charging infrastructure, delivered through dedicated financing structures and public procurement frameworks, positioning the company as a green infrastructure partner for schools and institutional clients.
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