Funding

[Funding alert] UK-based Project Better Energy Secure Funding from Freshstream Frim

Oct 25, 2023 | By Startup Rise EU

Project Better Energy, located in the UK, receives support from Freshstream Fund. The transaction's value was kept secret. Shareholders of the business who are reinvesting with the company sold an important stake to Freshstream.

Project Better Energy, located in the UK, receives support from Freshstream Fund. The transaction's value was kept secret. Shareholders of the business who are reinvesting with the company sold an important stake to Freshstream.

In order to meet the rising demand for its services, the company plans to use the investment's earnings to broaden both its clientele and product offering.

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The company has grown considerably over the past 12 years, and today it employs about 300 people across different divisions and brings in about £100 million in yearly income.

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With approximately 40,000 solar energy systems installed and delivered through its Project Solar UK subsidiary since its start, it has also emerged as one of the market leaders in the UK's household renewable energy market.

About 80,000 electric vehicle chargers have been sold by the company's Project EV subsidiary to date in the residential, commercial, and public sectors, including local governments and the NHS as well as large stores like B&Q and Arnold Clarke.

Read also - AI-Powered Text-to-Video Platform Oxolo Secures €13 million Series A Round Funding

In addition, Project Better Energy has developed links with significant British home builders and housing associations, which it uses to support the installation of EV charging stations in new construction projects and the creation of energy-efficient homes through Project CÜRV.

About Project Better Energy

Project Better Energy was founded in 2011 by Chief Executive Officer Simon Peat, an electrical engineer who noticed a gap in the residential solar market.

supplying consumers with the premium products and great professional support they need to utilise solar energy and save their energy costs. But Solar was only the beginning.

Read also - London-based Klu Secures €1.6 Million in Pre-Seed Funding

Their goal has always been to analyse the global sustainability problems and find solutions for them. And to do this, the eco-journey had to be extended across the entire house in addition to providing renewable energy.

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