Naked Energy Secures £17 Million in Series B Funding Led by E.ON and Barclays
- Naked Energy secured £17 million led by E.ON and Barclays to support global expansion.
- The investment will enhance the international distribution of Naked Energy's heat decarbonization solutions.
- Virtu product line combines high-efficiency solar PV and thermal technology, maximizing energy density.
UK-based solar heat and power technology company Naked Energy has secured £17 million in equity during the first close of its Series B funding round. The round was led by E.ON and supported by Barclays.
The investment will boost Naked Energy's global expansion and adoption of its heat decarbonization solutions, supporting growth plans and international distribution of its award-winning solar heat and power technology.
“The first wave of investment of our Series B round is transformative for our journey and a great step in the wider movement to decarbonize heat,” said Naked Energy CEO Christophe Williams.
E.ON Energy Infrastructure Solutions (E.ON EIS) will have access to Naked Energy's Virtu product line for commercial and industrial customers. This partnership will facilitate the delivery of Naked Energy’s technology via a Heat-As-A-Service model to a global client base, with projects already underway in various regions.
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Founded in 2011 by Christophe Williams, Naked Energy's Virtu collector merges high-efficiency solar photovoltaic (PV) and thermal technology to produce electricity and heat from a single unit. Its unique modular design makes it the world's highest energy-density solar technology.
Edited by Harshajit Sarmah
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