Water retailer Wave toasts new £100m framework deal with The Energy Consortium

County Durham-based water retailer Wave is toasting a new deal worth more than £100m.

The Pity Me company, which employs more than 300 people, has secured the new four-year water framework with The Energy Consortium (TEC), which gives it access to university and museum customers across the UK, bringing in combined revenue of £25m a year.

Wave, which turned over £435m in its most recent accounts, said it is expected to retain all of the consortium’s current customers, and that the new framework builds upon an existing four-year relationship with TEC.

The business – a joint venture between Northumbrian Water Group and Anglian Water Group – helps commercial customers across the UK to drive down water usage and lower their utility bills.

It has clients ranging from large industrial and commercial customers to SMEs in the public and private sectors, including the Ministry of Justice which enlisted the company at the start of the year through the CCS Water framework.

Most recently, Wave’s Legionella Risk Management (LRM) trial has offered TEC members an opportunity to be part of the first cohort of par