Naked Energy Secures €10.35 Mn to Build New UK Solar Manufacturing Facility

The investment will be used to build a new manufacturing facility in the UK, which is expected to create up to 140 new jobs and open up new export opportunities for the company.

The funding round was led by Great British Energy, which invested €8.7 million (£7.5 million) through its Energy Engineered in the UK programme. Existing investor Barclays Climate Ventures also participated in the round.

Christophe Williams FEI, Founder and CEO of Naked Energy, said, “The UK has world-class engineering capability and the opportunity to lead a rapidly growing global market for renewable heat. Great British Energy’s investment will enable us to establish a major UK manufacturing base, reduce production costs and scale a British-designed technology platform that combines advanced solar collectors, system design and digital monitoring.”

Dan McGrail, CEO of Great British Energy, said, “Cutting our reliance on gas is one of the biggest challenges we face, both for energy security and for keeping bills down. Naked Energy has developed a technology that tackles this head on and when you see it working at iconic UK institutions like the British Library and Wimbledon, you understand what is possible.”

Founded in 2009, Naked Energy develops high-performance solar technology that helps businesses reduce carbon emissions while lowering their energy costs.

The company's technology produces renewable heat directly where it is needed, reducing the need for natural gas without putting extra pressure on the electricity grid. It also helps businesses keep their energy costs more stable, especially when gas prices increase.

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