British design and engineering firm Naked Energy has successfully secured £17 million in a Series B funding round, marking a pivotal moment in its mission to advance heat decarbonisation on a global scale. The latest infusion of capital will drive the company’s expansion efforts and enhance its innovative solutions designed to mitigate heat emissions effectively.
Founded in 2021, Naked Energy specializes in cutting-edge solar thermal and solar photovoltaic-thermal (PVT) technologies. Its flagship Virtu solar collectors are noted for their exceptional energy density, offering up to four times the carbon savings per square meter compared to traditional solar panels. This makes Naked Energy’s solutions particularly valuable in addressing the energy demands of the commercial and industrial sectors.
The Series B round, led by E.ON Energy Infrastructure Solutions (E.ON EIS) and supported by Barclays, signifies a strategic partnership aimed at scaling Naked Energy’s offerings. E.ON EIS, a major player in European energy infrastructure, will leverage Naked Energy’s advanced technologies to provide comprehensive Heat-As-A-Service solutions across a global client base.
Christophe Williams, CEO of Naked Energy, commented on the significance of this investment: “The initial wave of our Series B funding is transformative and represents a significant milestone in our journey to decarbonise heat. With heating accounting for over half of the world’s energy consumption, our commitment to advancing renewable heat solutions has never been more critical.”
Daniel Joisten, Head of Innovation Commercialization at E.ON EIS, highlighted the strategic value of the partnership: “Our collaboration with Naked Energy has evolved rapidly from initial assessments to a robust strategic alliance. Their innovative solutions are poised to deliver substantial value to industries like Food & Beverage and Hospitality, facilitating profitable decarbonisation.”
Barclays’ Gavin Chapman also underscored the importance of the investment: “To achieve net zero, it is essential to scale new technologies that address challenging emission sectors, particularly in buildings. We are excited to support Naked Energy’s growth and the wider deployment of their technology.”
Editorial Opinion:
Naked Energy’s recent funding round is more than a financial boost; it signifies a crucial step toward transforming how industries approach heat decarbonisation. The company’s focus on high-density solar thermal and PVT solutions aligns with global needs for efficient and scalable renewable energy technologies. As the world strives to reduce its carbon footprint, Naked Energy’s innovative approach offers a practical and impactful solution to one of the most significant energy consumption areas.
Their strategic partnership with E.ON EIS and continued support from Barclays further validate the company’s potential to drive meaningful change. Naked Energy’s expansion into new markets and ongoing commitment to cutting-edge technology position it as a key player in the renewable energy sector, poised to influence the future of global heat management.
For further details or inquiries, please reach out to editor@thetimesmag.com.
