Project Better Energy
Freshstream Invests in Project Better Energy
Project Better Energy is excited to announce its recent investment from Freshstream, a private equity firm that invests in growing businesses based in Western Europe.
Project Better Energy is the 6th investment in Freshstream’s first independent fund, which closed earlier this year having raised €762 million. We join other portfolio companies DeterTech, Bella Figura Music, Big Motoring World, Nafinco and MCR, which are all entrepreneurial and founder led businesses.
Project Better Energy was founded in 2011 by Chief Executive Officer Simon Peat, an electrical engineer who spotted an opening in the residential solar market. Since then, our company has expanded its product range to include off-peak power storage, electric vehicle chargers, air-sourced hot water cylinders and infrared heaters, providing a diversified range of green solutions across both the residential and commercial property sectors.
As a business we have experienced significant growth over the last 12 years and have become one of the leading players in the domestic renewable energy sector in the UK, with nearly 40,000 solar energy systems sold and installed through our Project Solar UK division, and sold approximately 80,000 electric vehicle chargers across the residential, commercial and public sectors with Project EV.
With this substantial growth of Project Better Energy it is the perfect time to receive an investment to push our company to the next level! With the support from Freshstream, we can continue to lead the business through an accelerated phase of growth – expanding our product range and customer footprint.
Our CEO, Simon Peat, commented:
“We are thrilled to be teaming up with Freshstream and look forward to working together as we continue our ambitious growth strategy. Their expertise and investment will enable us to further accelerate our expansion plans, both organically and through acquisitions.”
Gilles Gradassi, Director at Freshstream, said:
“Following a series of legislative and policy commitments by governments in recent months and years to mitigate the impact of global climate change, there has never been a more important time to invest in solutions aimed at expanding clean power availability and energy efficiency.
Project Better Energy is one of the most exciting players in the UK green solutions market and the investment in the business demonstrates our commitment to supporting innovative, entrepreneurial companies solving complex issues, including the decarbonisation of the economy.
Reaching net zero will not be achievable without private capital investment and we are confident that Simon will continue to find innovative, cost-effective solutions to support consumers, businesses and local authorities through the energy transition and make a real difference.”
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