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Naked Energy inks deal to deliver hybrid solar technology

December 16th, 2015

Company signs global manufacturing agreement to produce solar technology that promises to provide power and heat

By James Murray – Business Green

 

UK solar startup Naked Energy has this week inked an agreement with US-based manufacturing giant Jabil to scale up the production of its hybrid solar technology, Virtu.

 

Naked Energy’s Virtu technology combines photovoltaic cells and a heat exchanger to produce power and heat, which it claims boosts financial returns and carbon savings for buildings deploying the technology.

 

Under the terms of the deal announced on Monday, Jabil agreed to support Naked Energy to make Virtu available to a global market as well as providing expertise in the integration of Virtu in buildings and related systems.

 

Naked Energy claims its combination of photovoltaic cells in an evacuated tube collector results in higher electrical output and exceptional thermal performance.

 

The companies said manufacturing for customers in the UK, Europe and North America had already started and the installation of commercial pilot projects is planned for early 2016, with a full commercial launch later in the year.

 

Naked Energy, which has in the past been supported by the Climate KIC group, added that it was now strengthening its balance sheet through additional equity investment to support the commercial launch.

 

“Jabil has been hugely impressed by the innovation and commercial benefits of Virtu, and is keen to support its commercialisation,” said David Kipling, vice president of corporate investment at Jabil.

 

“With renewables forming an ever more important part of our energy supply, Virtu is an enabling technology that needs scale to unlock its potential. Jabil can support Naked Energy to achieve that scale through dedicated manufacturing facilities and our supply chain expertise.”

COP21 – Sparking an innovation step change – Naked Energy case study

December 10th, 2015

3 December 2015, COP21, Paris

 

“Creating a roadmap for the diffusion of radical climate innovation in European business”

 

This report from Climate-KIC reveals that most European business leaders have prepared strategies to respond to climate change, but with a lack of focus on innovation, those strategies are likely to be ineffective for a 2°C trajectory.

 

Virtu awarded new funding from DECC to support commercial trials

November 6th, 2015

DECC Energy Entrepreneurs Fund, is a competitive funding scheme to support the development of technologies, products and processes in energy efficiency, power generation and storage.  The latest grant awarded to the company is to support a commercial scale pilot of its revolutionary solar product Virtu.

 

The product has been in rapid development over the last 2 years, completing testing of its pioneering thermal engine.  The design and development of the hybrid collector has now been demonstrated in field trials in Malta with market leading results.  Commercial pilot projects are now planned for early 2016, with full commercial launch later in the year.

 

 

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