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Project Better Energy, a UK-based company, has secured undisclosed funding from Freshstream Fund. Shareholders reinvesting in the company have divested a significant stake to Freshstream.
This financial injection is earmarked to fuel the company's expansion in terms of its client base and product range in response to increasing demand for its services. Over the past 12 years, the company has grown substantially, employing around 300 individuals across various divisions and generating an annual revenue of approximately £100 million.
Project Solar UK, a subsidiary of Project Better Energy, has made a significant mark by installing and delivering approximately 40,000 solar energy systems, establishing itself as a prominent player in the UK's residential renewable energy sector.
Meanwhile, the company's subsidiary, Project EV, has sold over 80,000 electric vehicle chargers in various sectors, including residential, commercial, public, and partnerships with local governments, the NHS, and prominent retailers like B&Q and Arnold Clarke.
Project Better Energy has also formed strategic alliances with major UK home builders and housing associations. These partnerships facilitate the installation of EV charging stations in new construction projects and the development of energy-efficient homes under Project CÃœRV.
Founded in 2011 by Chief Executive Officer Simon Peat, an electrical engineer with a vision, Project Better Energy initially focused on delivering premium solar products and professional support to residential customers. However, their mission evolved beyond solar energy. They are dedicated to addressing global sustainability challenges and expanding their eco-friendly solutions throughout households, embracing renewable energy and beyond.