Headquarted in the South East, Operating Nationwide
Project Spica is a specialist distributed engineering firm that provides turnkey energy solutions for commercial and industrial sectors, handling projects from design and installation to operation and maintenance.
The company utilises a unique energy-as-a-service financial model, allowing clients to design and maintain on-site energy systems without upfront costs.
To support its service offering, the business has established a robust supply chain, partnering with solar PV providers and a battery energy storage manufacturer in China.
Our clients are now seeking investment to facilitate further development under the impetus of their evolving MicroGrid offer.
Offers invited.
Generated a turnover of £5m in YE24, with an adjusted EBITDA of £720k.
620% growth in turnover between YE21 and YE24.
Embarked on a programme of adding Solar PV and BESS across the existing portfolio of 28 CHP Sites.
First energy procurement contract converted and expected to roll out across the customer portfolio.
Benefits from continued and steady growth in the CHP and renewable energy sectors, which are anticipated to grow at CAGR rate of 7.6% and 17.2% respectively.
Works with multiple large organisations and local councils across the UK.
90% of annual turnover is secured through multi-year energy service contracts.
Generated circa £1.2m in recurring revenue in YE24.
Is an approved supplier of state-of-the-art power generation systems.
Manages 28, 15-year Energy Service contracts, which take an average of seven years to run.
Operates from leasehold premises.
