Press release: “Naked Energy completes funding round to support commercial launch of virtu - the most efficient hybrid solar technology in the world”
Naked Energy has successfully closed its funding round to help meet fast growing demand for its patented hybrid solar technology.
The breakthrough solar PV-thermal technology utilises a vacuum tube to reduce thermal losses, capturing more heat for applications whilst drawing heat away from the PV cells, creating an environment that optimises electrical output.
The hybrid system puts an end to the need for separate solar thermal and photovoltaic installations, by offering an ultra compact alternative that generates both heat and power with world-leading efficiency, shorter payback and higher ROI for capital and space.
New investment totalling £1.1m has been secured from existing shareholders and private investors. The fundraising was led by specialist advisers Capella Partners and EthicalFin, and supported through the Syndicate Room investment platform.
The lead investor, Berian Global Invest AG, is the venture investment arm of a European family office having extensive interests in real estate development and management, hotels & hospitality, brewing and industrials.
“The investment in Naked Energy is an obvious strategic fit for us. All of the buildings operated by the wider group require significant heating, cooling and electricity which represent a major operating cost. Virtu reduces the current operating cost and insulates the business from future energy price increases. Furthermore, it will do so in a clean and sustainable way that aligns with our core values and can exceed the standards being defined in emerging regulations regarding improved building efficiency and reduced carbon footprint. As the technology can help our organisation, we are confident it can do the same for a vast number of others in the global market.”