a year ago

Rendesco Raises £6M to Expand Low-Carbon Heat Solutions

  • Rendesco, a clean heat network developer and owner-operator, has secured £6 million in funding to expand its operations and develop its low-carbon heat solutions

  • The investment was led by Clean Growth Fund, Eurazeo's Smart City fund, and Aviva Ventures, alongside existing investor Copley Point Capital

  • The funding will accelerate Rendesco's plans to reduce consumer energy bills, decarbonize heat at scale, and provide a low-carbon alternative to gas grid infrastructure

  • The investment comes as the UK is finalizing its proposals to decarbonize heat in buildings, with gas boilers set to be phased out from new homes by 2025

  • Rendesco's solutions provide a cost-effective and efficient way to deliver low-carbon heat, aligning with the UK's net zero targets.

      • ProblemRenewable Energy

      "Heating buildings currently contributes to a large proportion of the UK's CO2 emissions. Replacing fossil fuel heating systems with low-carbon alternatives is crucial for achieving net zero targets."

      Solution

      "Rendesco provides low-cost and low-carbon ground source heat network solutions for new and existing buildings. Their technology enables households to reduce their energy bills while lowering their carbon footprint."

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