eEnergy Group has announced a significant partnership with US-based Redaptive Inc. worth up to £100 million to fund energy efficiency projects across the UK.
The arrangement establishes eEnergy as a key delivery partner for Redaptive in the British market.
Under the deal, Redaptive will finance approved customer projects spanning all client sectors, whilst eEnergy will manage operations and handle warranty and service obligations. This collaboration leverages eEnergy’s strong presence in large-scale LED and solar installations to accelerate Redaptive’s UK expansion.
Denver-headquartered Redaptive, established in 2015, brings substantial experience in funding and installing energy-saving equipment for major clients, including T-Mobile and Iron Mountain.
The agreement provides eEnergy with a base to expand its operations across both public and private markets. Unlike their existing NatWest facility, which serves only public sector projects, the Redaptive partnership opens up both the public and private sectors. Perhaps most importantly, eEnergy will receive full payment upon project completion, substantially improving cash flow.
“This is a game-changing partnership,” said Harvey Sinclair, eEnergy CEO.
“Redaptive’s decision to provide up to £100m unlocks a massive growth opportunity for eEnergy, giving us the firepower to deliver more funded decarbonisation projects, faster, and across every sector. As their lead UK delivery partner, we’re not just accessing capital – we’re joining forces with a global player to deliver scale. This enables us to accelerate our mission, remove financial barriers, and bring clean energy solutions to more organisations on their path to Net Zero than ever before.”