eEnergy has increased its ownership of eEnergy Insights Ltd (EIL) from 37.5% to 51%. EIL is the entity holding the Group’s MY ZeERO smart metering and analytics platform, which we consider an important differentiator for the Group. EIL has completed the development of its next generation of intelligent smart meters, which are now ready for commercial launch. eEnergy has placed an order for a number of these meters, which are expected to be rolled out in the coming months. Management is said to be excited by the early interest shown by both existing and potential customers. As we wrote at the time of the prelims in early October, current energy market volatility should present opportunities for eEnergy as it helps customers reduce costs and deliver on their NetZero ambitions. We consider the current rating (11x FY23 P/E) very undemanding considering near and long term growth prospects.