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Naked Energy Announces £17m Of New Equity

Congratulations to Naked Energy, who have recently announced £17m of new equity in Series B first close, led by E.ON Energy Infrastructure Solutions. The investment will supercharge its global expansion and the adoption of its cutting-edge solutions to decarbonise heat.

Naked Energy has gone from strength to strength since the first commercial installation of its Virtu PVT (photovoltaic thermal) technology on the Active Office back in 2018.

Virtu PVT combines solar photovoltaics (PV) and solar thermal technology to generate both electricity and heat from a single solar collector.

Justin Searle, SPECIFIC’s Technology Director, offered his congratulations:

“It’s great to hear Naked Energy’s news. The Virtu installation at the Active Office is now 5 years old and is still performing well. The combination of heat and electrical generation in an aesthetically impressive system is still generating interest and conversation. It was great working with the team at Naked Energy and I’m delighted to see their continued success.”

In an interview with SPECIFIC back in 2020, CEO Christophe Williams said:

“It is important to have partners and customers that really understand the benefits of the technology and have the courage to put ideas into practice. The team at Specific are incredibly knowledgeable and put together a fantastic team to implement the Active Office. Consequently, the demonstration has been a resounding success from Naked Energy’s perspective. The entire system is well thought out using high quality components and the best engineering practices. This has resulted in very few technical issues and provided a wealth of valuable data. Moreover, the exposure the project has received has been a huge boost to the profile of Virtu and Naked Energy.”

This latest investment is a strong endorsement of Naked Energy’s growth plans. It will enable the company to accelerate the international distribution of its award-winning solar heat and power technology with the adoption of innovative new business models.

We are delighted to have helped Naked Energy start their journey and wish them further success in the future.

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