Naked Energy's £17M Series B Funding Fuels Global Expansion and Accelerates Decarbonization Efforts
July 18, 2024, 3:50 pm
home.barclays
Employees: 10001+
In a bold move to propel its mission of revolutionizing the energy industry and combatting climate change, UK-based solar heat and power startup Naked Energy has secured a substantial £17 million in Series B funding. This significant investment, spearheaded by E.ON Energy Infrastructure Solutions and bolstered by support from Barclays, marks a pivotal moment in Naked Energy's journey towards decarbonizing heat on a global scale.
Naked Energy's innovative Virtu solar collectors, renowned for their modular design and high energy density solar technology, have positioned the company as a frontrunner in the quest for sustainable energy solutions. By combining engineering prowess, innovation, and a steadfast commitment to sustainability, Naked Energy has emerged as a key player in the transition to renewable energy sources.
The strategic partnership forged with E.ON Energy Infrastructure Solutions, a subsidiary of the E.ON Group—one of Europe's largest energy infrastructure operators—has laid a solid foundation for Naked Energy's expansion and collaboration efforts. This partnership, which originated through the Free Electrons accelerator program, has enabled Naked Energy to showcase its advanced technology and pave the way for future growth opportunities.
With a focus on decarbonizing heat in various sectors, including hotels, residential developments, leisure centers, food and beverage manufacturing, and hospitals, Naked Energy's VirtuHOT and VirtuPVT solutions offer off-grid alternatives to meet high hot water and electricity demands. The company's commitment to providing sustainable, cost-effective solutions has garnered attention and support from industry leaders and investors alike.
Christophe Williams, CEO of Naked Energy, expressed enthusiasm for the transformative impact of the Series B funding, emphasizing the critical role of renewable heat in the global energy landscape. As the demand for renewable heat continues to rise, Naked Energy remains steadfast in its dedication to supporting commercial and industrial sectors in their transition away from traditional energy sources.
Daniel Joisten, Head of Innovation Commercialization at E.ON Energy Infrastructure Solutions, lauded the partnership with Naked Energy as a strategic decision with immense potential for driving sustainable change. The collaboration between the two companies is poised to deliver tangible benefits to customers in industries such as food and beverage and hospitality, facilitating profitable decarbonization efforts.
Gavin Chapman, Co-Head of Principal Investments at Barclays, highlighted the urgency of scaling innovative technologies to reduce emissions in hard-to-decarbonize sectors, underscoring the importance of Naked Energy's continued growth and technology deployment. With a shared commitment to achieving net zero emissions, Barclays reaffirmed its support for Naked Energy's mission and the company's partnership with E.ON.
As Naked Energy embarks on this new phase of expansion and innovation, fueled by the Series B funding and strategic partnerships, the company stands poised to make a lasting impact on the global energy landscape. With a focus on sustainability, innovation, and collaboration, Naked Energy is driving towards a future where renewable energy solutions play a central role in combating climate change and building a more sustainable world for generations to come.
Naked Energy's innovative Virtu solar collectors, renowned for their modular design and high energy density solar technology, have positioned the company as a frontrunner in the quest for sustainable energy solutions. By combining engineering prowess, innovation, and a steadfast commitment to sustainability, Naked Energy has emerged as a key player in the transition to renewable energy sources.
The strategic partnership forged with E.ON Energy Infrastructure Solutions, a subsidiary of the E.ON Group—one of Europe's largest energy infrastructure operators—has laid a solid foundation for Naked Energy's expansion and collaboration efforts. This partnership, which originated through the Free Electrons accelerator program, has enabled Naked Energy to showcase its advanced technology and pave the way for future growth opportunities.
With a focus on decarbonizing heat in various sectors, including hotels, residential developments, leisure centers, food and beverage manufacturing, and hospitals, Naked Energy's VirtuHOT and VirtuPVT solutions offer off-grid alternatives to meet high hot water and electricity demands. The company's commitment to providing sustainable, cost-effective solutions has garnered attention and support from industry leaders and investors alike.
Christophe Williams, CEO of Naked Energy, expressed enthusiasm for the transformative impact of the Series B funding, emphasizing the critical role of renewable heat in the global energy landscape. As the demand for renewable heat continues to rise, Naked Energy remains steadfast in its dedication to supporting commercial and industrial sectors in their transition away from traditional energy sources.
Daniel Joisten, Head of Innovation Commercialization at E.ON Energy Infrastructure Solutions, lauded the partnership with Naked Energy as a strategic decision with immense potential for driving sustainable change. The collaboration between the two companies is poised to deliver tangible benefits to customers in industries such as food and beverage and hospitality, facilitating profitable decarbonization efforts.
Gavin Chapman, Co-Head of Principal Investments at Barclays, highlighted the urgency of scaling innovative technologies to reduce emissions in hard-to-decarbonize sectors, underscoring the importance of Naked Energy's continued growth and technology deployment. With a shared commitment to achieving net zero emissions, Barclays reaffirmed its support for Naked Energy's mission and the company's partnership with E.ON.
As Naked Energy embarks on this new phase of expansion and innovation, fueled by the Series B funding and strategic partnerships, the company stands poised to make a lasting impact on the global energy landscape. With a focus on sustainability, innovation, and collaboration, Naked Energy is driving towards a future where renewable energy solutions play a central role in combating climate change and building a more sustainable world for generations to come.