Eaga plc was a British

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 company supplying energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

 efficiency

Efficient energy use

Efficient energy use, sometimes simply called energy efficiency, is the goal of efforts to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature...

 products. It was headquartered in Newcastle upon Tyne

Newcastle upon Tyne

Newcastle upon Tyne is a city and metropolitan borough of Tyne and Wear, in North East England. Historically a part of Northumberland, it is situated on the north bank of the River Tyne...

. In April 2011 it was acquired by Carillion.

History

The business was founded in 1990 in Newcastle upon Tyne

Newcastle upon Tyne

Newcastle upon Tyne is a city and metropolitan borough of Tyne and Wear, in North East England. Historically a part of Northumberland, it is situated on the north bank of the River Tyne...

 as the Energy Action Grants Agency ('EAGA') Partnership to administer the Home Energy Efficiency Scheme in the local area. In 2000 it was restructured to become an employee owned business. In 2005 it acquired Millfold and in 2006 it acquired Everwarm and established HEAT. It was first listed on the London Stock Exchange

London Stock Exchange

The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 in 2007 following a £450 million Initial Public Offering

Initial public offering

An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...

.

In 2008 the BBC appointed Eaga its preferred supplier for the Digital Switchover Help Scheme.

In 2010 Eaga moved a number of their Newcastle staff to Partnership House in Gosforth

Gosforth

Gosforth is an area of Newcastle upon Tyne, Tyne and Wear, England, United Kingdom, to the north of the city centre. Gosforth constituted an urban district from 1895 to 1974, when it became part of the City of Newcastle upon Tyne. It has a population of 23,620...

, a building built by the troubled Northern Rock

Northern Rock

Northern Rock plc is a British bank, best known for becoming the first bank in 150 years to suffer a bank run after having had to approach the Bank of England for a loan facility, to replace money market funding, during the credit crisis in 2007.  Having failed to find a commercial buyer for...

 bank, and purchased by Newcastle City Council

Newcastle City Council

Newcastle City Council is the local government authority for Newcastle upon Tyne, a city in Tyne and Wear, England. The council consists of 78 councillors, three for each of the city's 26 wards...

. In December 2010 Eaga announced that it would be cutting 700 jobs across the country due to government cutbacks in the Warm Front grant.

In April 2011 it was acquired by Carillion for £306 million.

Operations

The Company was organised into the following segments:

• Carbon services
• Heating & renewables
• Managed services