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Earnz scores £1.2m contract with Equans

Energy services firm Earnz has secured a one-year £1.2m contract with the sustainable regeneration specialist Equans, to supply and install insulation, ventilation upgrades, and renewable energy solutions to 92 privately owned homes in Bradford, West Yorkshire.

Earnz

Source: Sharecast

Earnz said on Monday that the contract was awarded on the back of a £7.1m Warm Homes: Local Authority Grant from Bradford City Council to increase the energy efficiency of privately owned homes in the city. Further phases of the initial one-year contract were expected to follow over the next two years, with a maximum value of £7.1m.

The AIM-listed group stated that, considering this "significant" contract win, it has set up a new business, Warm Low Living, based in Yorkshire.

Chief executive Peter Smith, said: "We are delighted to have secured such a significant contract. Working for Equans and Bradford City Council, we will be helping residents make their homes cheaper to heat, healthier to live in and lower in carbon emissions. We will also be supporting the local community with employment opportunities."

As of 1020 BST, Earnz shares had surged 15.89% to 6.49p.

Reporting by Iain Gilbert at Sharecast.com

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