Wave, a prominent water retailer based in County Durham, has clinched a strategic agreement valued at over £100 million.
This newly signed deal grants Wave access to a wide array of university and museum clients throughout the United Kingdom.
Wave, located in Pity Me, has entered into a significant four-year water framework agreement with The Energy Consortium (TEC).
This arrangement is expected to generate around £25 million annually, enhancing Wave’s existing client base within the educational and cultural sectors across the UK.
Wave anticipates retaining its current customer base within the consortium and expanding its service offerings.
As part of this deal, Wave continues to provide expertise to commercial clients, ranging from large industrial enterprises to small and medium-sized enterprises within the public and private sectors.
Wave has introduced a Legionella Risk Management (LRM) trial for TEC members, which aims to enhance water efficiency.
Participants are testing novel sensors designed to minimize surplus water in colleges and universities effectively.
These innovations reflect Wave’s dedication to enhancing resource management in educational institutions.
Tony March, Wave’s Director of Public Sector and Industrial Customers, emphasises the mutual commitment to environmental goals shared by Wave and TEC.
Both organizations have engaged in collaborative efforts, supporting community and environmental initiatives.
Such initiatives include projects with Washington Wildlife Trust and maintenance work along the Worcester and Birmingham Canal.
Wave and TEC have been involved in various projects over the past four years, focusing on delivering unparalleled water services.
The newly secured framework serves as a robust platform to advance Wave’s initiatives aimed at reducing water consumption and enhancing compliance.
This partnership signifies a concerted effort towards achieving net-zero targets across the sectors they serve.
Steve Creighton, TEC’s Head of Members, praises the enhanced service provisions made possible through the new framework.
He acknowledges Wave’s consistent delivery of exemplary service and its profound understanding of sector-specific challenges.
Wave is set to continue demonstrating its commitment to industry advancement at the upcoming TEC conference.
Wave’s partnership with TEC underscores the water retailer’s capacity for growth and innovation.
This engagement is poised to reinforce its market position and promote sustainable practices across the educational sector.
