About
Growth
We provide high-quality, expert solutions for clients to help them meet their net zero and sustainability objectives. Technology-agnostic, we can advise on the most appropriate solution that balances performance with financial and technical constraints.
With growing awareness of the risks from climate change and need for action, we are seeing increasing demand for our services as organisations respond to new regulatory and Government programmes such as the UK 10-Point Plan and the EU 2030 programme. In particular our expertise in ground and air-source heat pump systems is seeing increased demand.
Visit the Cenergist website to learn more about our operations.
Development
Founded in 2012, on Energy we now provide turnkey project and programme delivery including financial setup, design and installation utilising our established subcontractors.
In Water we help commercial and utility clients meet water efficiency goals and improve the performance of their water systems.
Our patented Control Flow HL2024 technology offers precise control of water flows allowing more efficient systems.
Strategy
Historically, Eneraqua has largely pursued an organic growth strategy, diversifying itself across a number of revenue streams and predominantly UK geographies. Through this approach it has delivered revenue growth at a CAGR of 38% from FYJan19 to FYJan21.
The Directors believe that the IPO will allow the Group to accelerate its long-term growth through both organic and inorganic opportunities
Organic growth
Major contract wins
Major contract wins will help grow the Company’s energy offering and build out the complementary water business. The Directors believe that Eneraqua will be able to grow its market share due to the Company’s IPR, expertise, relationships and tender win rate track record. In order to facilitate this growth, the Company will need to invest in additional staff to grow the sales and marketing capability in order to engage with new clients and manage delivery on the ground.
New product development
Eneraqua continually invests in the development of new products to facilitate expansion into new sectors. New product development is driven by client needs and regulatory demands such as water efficiency. Development is carried out through the Group’s facilities in Holland and India.
Inorganic growth
The addressable market in the UK and Europe is expanding due to regulatory growth drivers. The Directors have a strategy for inorganic growth and intend to develop the energy business in Europe through acquisitions. Many countries in the EU have government schemes incentivising heat pump installation across the built environment and these are expected to increase with the EU Plan 2030 that aims to cut carbon emissions by 55 per cent. by 2030.
The Company has already completed two acquisitions this year. In June 2021, the Company completed the acquisition of HGP, a Dutch supplier of water control products, and with it acquired full ownership of the Control Flow HL2024 IP. In September 2021, the Company acquired Welltherm Drilling, a specialist borehole drilling business.
The acquisition of Welltherm Drilling has provided Eneraqua with increased drilling expertise and availability of drilling equipment, which the Directors believe gives Eneraqua a competitive advantage over competitors. The Company has historically experienced growing lead times for drilling equipment in the UK and the Welltherm Drilling acquisition mitigates this risk.
