London and Malahide-based energy efficiency-as-a-service provider eEnergy has acquired British competitor Renewable Solutions Lighting (RSL) in a deal worth up to £2.2 million, it announced in a stock market notification.  RSL, much like eEnergy, offers to replace customers’ lighting systems with low-energy LEDs and fund the purchase and maintenance through finance paid for by the reduction in electricity bills over several years. It has specialised in the school sector, completing 32 projects last year with an average contract value of over £50,000, according to eEnergy. Following an initial payment of £1 million, eEnergy will pay an additional earn-out consideration of…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.