Rendesco, a London, UK-based clean heat network developer and owner-operator, raised £6m in funding.
The round was led by Clean Growth Fund, Eurazeo’s Smart City fund, and Aviva Ventures. They joined existing investor Copley Point Capital.
The company intends to use the funds to expand its operations and further develop its solutions in the UK and European energy markets.
Led by CEO and Founder Alastair Murray, Rendesco is an independent clean heat developer and operator. It designs, installs and operates low-carbon solutions, which use ground source technology to provide homes and buildings with sustainable heat and hot water. This is a complete network development package, where it provides a full suite of design capabilities and second-to-none installation quality. It manages networks across the UK which provide heating and hot water for more than 8,000 homes, generating over 14GWh of sustainable heating and valuable operating performance data on ground source heat technology.
FinsMEs
13/06/2024