10-Apr 2007

Joint venture with Perpetual Energy

GSH Group plc the international provider of bespoke facilities management and energy management solutions, today announces that it has entered into a joint venture with Perpetual Energy Ltd.

GSH and Perpetual have formed a joint venture company called GSH Perpetual Energy Ltd ("GSHPE") whose mission is to lead the business world into a new era of responsible energy use. GSH Perpetual Energy has been established to meet the growing market demand for cost-efficient, environmentally friendly energy consumption.

GSHPE will operate as a separate legal entity. GSHPE's board of directors will initially comprise of Neil Murray, Managing Director GSH UK, Dominic Chivers, Finance Director GSH UK, David Tatton, Director Perpetual Energy and David Coyne, Director Perpetual Energy.

Recognised as a market-leader in the application of technology to effectively manage energy use for clients, GSH is ideally positioned to combine its expertise with the self-generating energy solutions offered by Perpetual to advise customers on how to use energy, which types of renewable energy sources are most suitable for their needs and which can be channelled from a renewable source.

GSHPE will work with clients to determine ways to reduce energy consumption and replace conventional energy sources with alternatives such as combined heat and power, photovoltaic (eg solar panels), wind turbine and biomass.

David Tatton, Director of Perpetual Energy Ltd, said: "This is a highly innovative move by both of our companies. There is a clear demand for dynamic and realistic renewable energy sources and implementation solutions for businesses. We are delighted to be teaming up with GSH Group."

Neil Murray, Managing Director of GSH UK, commented: "We are extremely excited about this new venture. Together we have the expertise to deliver a total energy management solution that is unrivalled in the marketplace. For a number of years now, we have been able to help our clients reduce their energy consumption with our energyplus product which provides savings in energy use rather than just negotiating on tariff, but energy reduction is just the tip of the iceberg and corporates are now seriously considering alternatives to gas and electricity. This is a tremendous opportunity for our existing and new clients to really make a difference to climate change."