UK-based Naked Energy has raised 17mn in a Series B round to boost the global expansion of its solartechsolutions.
The scaleup has developed a pair of modular solar collectors, called Virtu.
It claims they are four times more efficient at offsetting emissions compared to conventional solar PV panels.
The VirtuHOT collector usessolarthermal technology to heat water from the power of the sun to up to 120C.
The VirtuPVT collector combines solar thermal technology and photovoltaics (PV) to generate both heat and electricity.
Eyes on global expansion
40% off TNW Conference!
Previous investor Barclays also participated.
The investment will further leverage the existing partnership between the E.ON Group and Naked Energy.
The two will develop a Heat-as-a-Service model for a global client base.
E.ON EIS will also have access to the Virtu products for its commercial and industrial customers.
Heat decarbonisation presents a huge economic opportunity, said Christophe Williams, CEO of Naked Energy.
With investment from such major industry players, were confident we can capitalise on this global shift.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
