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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Gravity (India) Limited    532015   INE995A01013

GRAVITY (INDIA) LIMITED

(532015)
End-of-day quote. End-of-day quote MUMBAI STOCK EXCHANGE - 03/27
1.25 INR   -2.34%
01/23GRAVITY INDIA : This is Gravity and E.ON to develop clean energy solutions for UK's first smart commercial campus
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Gravity India : This is Gravity and E.ON to develop clean energy solutions for UK's first smart commercial campus

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01/23/2020 | 10:36am EDT

E.ON will enable us to satisfy the energy requirements of forward-thinking and climate-conscious tenants, and also ensure we are able to deliver our commitment to help drive the Government's Clean Growth Strategy, something that is critical to all new commercial developments and future innovation.

E.ON will deliver on-site, renewable and low carbon energy solutions for the UK's first commercial smart campus designed to foster clean growth.

Gravity will be home to established multinationals and innovative scale-ups who want to grow cleanly.

The 635-acre site to the South of Bristol is committed to driving the clean growth agenda in the UK.

This is Gravity ltd, the landowner of 635 acres in Bridgwater, near Bristol, has signed a 50-year agreement with E.ON to provide renewable and low carbon energy solutions for its smart campus, Gravity, which is currently under development.

Gravity, the UK's first commercial smart campus, is making a clear commitment to delivering clean growth in the UK. Gravity's design - informed through consultation with a team of economic analysts as well as sustainability and environmental specialists - responds to the shifting global trends in consumption, energy use, automation, and digitalisation, creating thousands of long-term jobs.

E.ON's role as energy partner is a key part of this, as it will deliver an alternative to standard utility grid connections by providing an on-site, integrated energy service through lower carbon and resilient power, heating, and cooling systems.

The agreement aims to combine the capabilities of Gravity and E.ON to allow both entities to capitalise on the strong and accelerating demand for low-carbon energy solutions that organisations and their employees demand.

The scheme will attract responsible and fast-growing companies associated with advanced manufacturing, robotics, artificial intelligence, electric vehicles, assembly, and distribution space, R&D and offices. By attracting today's giants and tomorrow's unicorns, there will also be significant opportunities for collaboration.

In 2019, the UK became the first major global economy to pledge to be net-zero by 2050 and alongside This is Gravity, E.ON is supporting the blueprint of how business users can make their net-zero commitments a reality.

Tom Curtis, Co-CEO, This is Gravity Ltd, said: 'We are very excited to have signed this 50-year agreement with E.ON, as the renewable and low-carbon on-site energy solutions that E.ON will provide to each of our future tenants will ensure we are able to deliver the promise of Gravity to be the UK's first smart campus. E.ON will enable us to satisfy the energy requirements of forward-thinking and climate-conscious tenants, and also ensure we are able to deliver our commitment to help drive the Government's Clean Growth Strategy, something that is critical to all new commercial developments and future innovation.'

Lord David Triesman - Director, This is Gravity, added: 'At Gravity, we will bring together cutting-edge businesses that share our vision for economic growth while meeting the future needs of our people and the planet. The businesses brought together at Gravity, will rival any smart campus in the world as global players. In E.ON, we have found an energy provider that shares our vision for a cleaner future, and is ahead of energy supply trends and technology.'

Michael Lewis, Chief Executive, E.ON UK, said: 'When we talk about the new energy future and our work supporting the UK's net-zero ambitions, we're pretty much describing what will be happening at Gravity as it becomes home to some of the world's most innovative businesses. We've been impressed with the quality of expertise within the Gravity team and the striking natural fit of our shared vision for a sustainable future.

'This really is us building tomorrow's business. What we offer at Gravity will be bespoke to the needs of the tenants and allows us to bring our specialist knowledge and Europe-wide experience in providing smart, personalised and sustainable solutions for businesses.'

The information (including any forecasts or projections) contained in this press release (the 'Information') reflects the views and opinions of E.ON on the date of this press release. The Information is intended as a guide only and nothing contained within this press release is to be taken, or relied upon, as advice. E.ON makes no warranties, representations or undertakings about any of the Information (including, without limitation, any as to its quality, accuracy, completeness or fitness for any particular purpose) and E.ON accepts no liability whatsoever for any action or omission taken by you in relation to the Information. Any reliance you place on the Information is solely at your own risk. This press release is the property of E.ON and you may not copy, modify, publish, repost or distribute it without our permission. E.ON 2020

Contact:

Tel: 02476 192000

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE -1.11% 9.441 Delayed Quote.-0.87%
GRAVITY (INDIA) LIMITED -2.34% 1.25 End-of-day quote.0.00%
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Managers
NameTitle
Varun D. Thakkar Chairman & Managing Director
Jay Thakkar Chief Financial Officer
Dakshaben Rasiklal Thakkar Non-Executive Director
Prabhavati Shetty Independent Non-Executive Director
Samir Ruparelia Independent Director