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- Naked Energy Secures £17M Series B Funding to Drive Global Expansion
Naked Energy Secures £17M Series B Funding to Drive Global Expansion
Slice of Energy Team
July 16, 2024
Key Highlights:
Naked Energy secures £17M in Series B funding to accelerate global expansion.
E.ON Energy Infrastructure Solutions leads the investment round.
Virtu solar collectors proven to offset CO2 emissions four times more effectively than conventional solar PV panels.
Partnership with E.ON enables Heat-As-A-Service model for a global client base.
Investment endorsed by Barclays, supporting Naked Energy’s growth plans.
Source (Business Wire)
Notable Quotes:
“The first wave of investment of our Series B round is transformative for our journey and a great step in the wider movement to decarbonise heat.”
“Naked Energy’s solutions have distinctive and convincing value propositions. We will utilise them to help our customers, in industries such as Food & Beverage and Hospitality, to decarbonize their businesses profitably.”
“As we make our follow-on investment today, we’re excited to see and support Naked Energy’s continued growth and further deployment of their technology, supercharged by the partnership with E.ON.”
Our Take:
Naked Energy's recent £17M Series B funding marks a significant milestone in the renewable energy sector. Led by E.ON Energy Infrastructure Solutions, this investment not only underscores the strategic importance of Naked Energy’s Virtu solar technology but also highlights the growing emphasis on decarbonizing heat. The partnership with E.ON and support from Barclays are strong endorsements of Naked Energy's potential to drive substantial change in the industry. As renewable heat technologies gain traction, this funding will enable Naked Energy to expand its innovative solutions globally, offering a compelling value proposition for commercial and industrial sectors aiming to transition away from natural gas. The strategic collaboration and innovative business models, such as Heat-As-A-Service, position Naked Energy at the forefront of the renewable energy movement, poised to capitalize on the increasing demand for sustainable heat solutions.