ENERGY efficiency group Entu is to float on AIM with a market capitalisation of £65m as it launches new services that can help customers save on their fuel bills.
The group is trialling an app that can alert customers when the heating is left on while they’re at work so they can turn off radiators remotely and save money.
Other devices can tell if your house is taking too long to heat up – a sign that the boiler needs a repair, or it cools down too quickly – a sign that the house needs better insulation.
The business will be chaired by David Forbes, the former managing director of Rothschild’s investment banking division and a well known figure on the Yorkshire business circuit. Mr Forbes is also a non-executive at Leeds-based engineering services group Renew Holdings and car dealer Vertu Motors.
Entu sells energy efficient windows, doors, conservatories and external and cavity wall insulation as well as solar panels and energy efficient boilers.
The group’s Energy Hypermarket brand has service installation centres in Leeds, Harrogate, Kirkstall and Brighouse.
Entu’s chief executive Ian Blackhurst said: “Home-owners get really confused about what they can do when energy prices go up. Too many people open and shut windows. We’re showing home-owners how they can save money.”