Major Investment in Solar Energy Market
UK-based Naked Energy has secured £17 million in a Series B funding round to accelerate the global expansion of its innovative solar technology solutions. Founded in 2009, Naked Energy aims to decarbonize heat generation, which contributes over 40% of global CO2 emissions.
Advanced Solar Technology Developments
Naked Energy has developed two modular solar collectors, named Virtu, which are significantly more efficient than conventional solar PV panels. The VirtuHOT collector uses solar thermal technology to heat water up to 120°C, while the VirtuPVT combines solar thermal technology and photovoltaics (PV) to generate both heat and electricity. These innovations are particularly beneficial for clients with high energy demands and limited roof space, such as manufacturing plants, hotels, and leisure centers.
Strategic Partnerships and Market Expansion
The funding round was led by E.ON Energy Infrastructure Solutions (E.ON EIS), a division of the E.ON Group, one of Europe’s largest energy network operators. Previous investor Barclays also participated. This investment will strengthen the existing partnership between Naked Energy and the E.ON Group, facilitating the development of a Heat-as-a-Service model for a global clientele. E.ON EIS will also utilize Virtu products for its commercial and industrial customers.
Future Prospects in the Solar Energy Market
Naked Energy plans to use the fresh capital to enhance its global expansion and increase the adoption of its product range. The company already has manufacturing facilities in the UK and Europe and is set to begin production in Texas. Christophe Williams, CEO of Naked Energy, stated, “Heat decarbonization presents a huge economic opportunity. With investment from major industry players, we’re confident we can capitalize on this global shift.”
With the global share of renewable heat expected to rise by 40% by 2028, companies like Naked Energy are well-positioned to capitalize on the growing solar energy market trends and contribute to sustainable energy solutions.
Source：thenextweb.com
