Hometree, a London, UK-based residential energy services company, received £50M in mezzanine financing from CPP Investment.
The company intends to use the capital to finance solar panels, batteries and heat pumps in 35,000 UK homes.
Hometree aims to become a residential energy services business combining hardware installation, financing, repairs and ongoing maintenance in one platform. To this end, the company operates a network of products and services under three business divisions (Installation, Financing, Service and Maintenance), to support the full lifecycle of sustainable homeownership, helping homeowners to install, manage and finance renewable energy solutions.
With capital now in place, Hometree is focusing on financing its own installations and is working with companies across the energy supply chain to make it easier for homeowners to choose renewable energy options. It is partnering with renewable installers, energy utilities and hardware manufacturers, and has recently agreed terms with Project Solar, the UK’s largest solar panel installer; So Energy, a large UK energy supplier; and myenergi, a supplier of smart home energy technology.
FinSMEs
16/10/2024