Source - LSE Regulatory
RNS Number : 9815J
Eneraqua Technologies PLC
03 May 2022
 

3 May 2022

 

Eneraqua Technologies plc

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

 

Zero carbon irrigation contract win marks entry into Agritech sector

 

Eneraqua Technologies plc, a provider of specialist energy and water efficiency solutions, is pleased to announce its ClimateSmart Irrigation solution has been selected by the Department of Horticulture for the State Government of Uttarakhand, India.  The £0.9m contract will see the Group supply the systems to 340 horticultural farms across the state reducing their carbon emissions and improving water efficiency.  This is the first major zero carbon irrigation initiative of its kind in India.

 

The programme, which is scheduled to start in 2022 and complete in 2023, will see Eneraqua Technologies' India subsidiary, Cenergist Energy Private Ltd, deliver a package of water, energy and soil conservation solutions which integrates the Company's patented technology Control Flow HL2024.  By efficiently managing water usage, this will help farmers to conserve water, improve crop yield and prevent soil erosion.  Solar PV is used to power the irrigation systems. 

 

The project in Uttarakhand represents an important step towards the decarbonisation of the agriculture sector and provides a template for other states in India and beyond. 

 

Eneraqua Technologies is committed to helping its clients meet their decarbonisation and net-zero targets through its patented technologies.  As a specialist in this area, the Group can help organisations achieve their climate change goals in a low-cost and sustainable manner.    

 

Commenting on the contract win, Eneraqua Technologies CEO, Mitesh Dhanak, said: "We are delighted to be chosen by the State Government of Uttarakhand to support them in delivering this important programme.  As well as reducing carbon emissions, this programme will also reduce pressure on water resources and improve the incomes of farmers.  This offers an attractive template for other states looking to decarbonise the agricultural sector while meeting the challenges of sustainability." 

 

 

For more information, please contact:

 

Eneraqua Technologies plc

Via Alma PR

Mitesh Dhanak, CEO 

www.eneraquatechnologies.com

Iain Richardson, CFO 

 

 

 

finnCap Limited - Nominated adviser and Broker

+44(0)20 7220 0500

Ed Frisby / Charlie Beeson - Corporate Finance

 

Andrew Burdis / Sunila de Silva - ECM

 

 

 

Alma PR - Financial PR and IR 

+44(0)20 3405 0205 

Justine James / Sam Modlin / Will Ellis Hancock

eneraqua@almapr.co.uk

 

 

 



 

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 116 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFFFIIERIFIIF
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Eneraqua Technologies PLC (ETP)

0p (0.00%)
delayed 15:57PM