Eneraqua Technologies PLC Control Flow HL2024 unlocks blocked development
08 6월 2023 - 3:00PM
RNS Non-Regulatory
TIDMETP
Eneraqua Technologies PLC
08 June 2023
RNS Reach
8 June 2023
Eneraqua Technologies plc
("Eneraqua Technologies", the "Company" or the "Group")
Control Flow HL2024 technology unlocks commercial development
from water neutrality block
Eneraqua Technologies plc, a provider of specialist energy and
water efficiency solutions, announces that use of its Control Flow
HL2024 technology has unlocked the development of a large
commercial site for one of the Group's Local Authority clients.
This builds on the Company's successful net water neutrality
programme which has been used to unlock development of new
housing.
In the UK and Europe, approval of many new homes and commercial
developments is being delayed due to concerns on water and nutrient
neutrality in the local water catchment area. In the UK the House
Builders Federation estimate this issue is currently delaying
approval of some 120,000 new homes. The same concerns also apply to
commercial developments with many projects on hold across the
UK.
Following a successful pilot last year, Eneraqua's Control Flow
HL2024(R) products are being used to unlock new homes affected by
neutrality concerns. Following extensive long term trials, Control
Flow HL2024(R) products are recognised as delivering long-term
water savings by reducing water wastage in the home. On average
they reduce water consumption by more than 20%. By reducing
long-term demand from existing homes, Control Flow HL2024(R)
products create the headroom needed for new builds.
As a result of the water savings achieved, approval has now been
given for the first commercial site which was impacted by delays
caused by water neutrality issues. The opening of the 14,500 sq m
factory and warehouse development had been held in the planning
phase since 2021 due to concerns raised by Natural England of the
impact on local water resources. Through an installation programme
of Control Flow HL2024(R) products into existing homes in the area,
Natural England has agreed that there is sufficient water headroom
and has now signed off on the opening of the development. This is
expected to create some 200 new jobs in the area.
Eneraqua is in discussions with a number of local authorities
and developers on how it could help them unlock their development
sites and support local regeneration.
For further information please contact:
Eneraqua Technologies plc Via Alma PR
Mitesh Dhanak, Chief Executive Officer
Iain Richardson, Chief Financial Officer
Alma PR (Financial PR) Tel: 020 3405 0205
Justine James
Sam Modlin eneraqua@almapr.co.uk
Will Ellis Hancock
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 168 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
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END
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June 08, 2023 02:00 ET (06:00 GMT)
Eneraqua Technologies (LSE:ETP)
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