Eneraqua Technologies

finnCap Capital Markets is delighted to have advised Eneraqua Technologies on its admission to AIM and £20m Placing. Eneraqua is a specialist in energy and water efficiency, helping customers to reduce carbon emissions and water consumption to meet corporate goals, comply with increasing regulation and save money.

The Group’s services are split into two divisions: energy and water. Energy is the larger division and provides turnkey solutions for decarbonisation through heating and hot water systems for multiple occupancy social housing and commercial projects. The water division is focused on water efficiency upgrades for utilities and commercial clients such as hotels and care homes. These activities are underpinned by the Company’s wholly owned technology solutions which reduce water wastage and improve the performance of heating and hot water systems.

The Company qualifies for the London Stock Exchange’s Green Economy Mark from Admission, recognising that the Company derives 50% or more of its annual revenues from products and services that contribute to the global green economy.

Mitesh Dhanak, CEO at Eneraqua Technologies plc, commented: “Our admission to AIM is an exciting milestone for Eneraqua Technologies. The successful completion of our IPO represents the beginning of a new chapter as we look to accelerate our expansion into new markets and geographies.

“The London Stock Exchange’s Green Economy Mark, received today, recognises our Company’s ongoing contribution to the global green economy.

“I am delighted to welcome our new shareholders and would like to thank them for their support. We look forward to working with them in the years ahead as we build on our strong foundations and push forward with our growth plans.”

Ed Frisby, Director, Corporate Finance at finnCap Capital Markets, commented:

“Eneraqua supports their clients in the transition to Net Zero and with the achievement of sustainability goals. Our firm is delighted to support Eneraqua Technologies in its growth journey.”