Solar and smart grid SMEs secure £1.7m from East Anglia University
Push Energy, AMiHo and GEO latest to benefit form Low Carbon Innovation fund
A solar farm developer, smart meter technology firm, and energy monitoring company have received a total of £1.7m backing from the University of East Anglia's Low Carbon Innovation fund.
Fund manager Turquoise International confirmed the investments earlier this month, that included £750,000 to Colchester-based Push Energy as part of a £1.5m funding round to develop large-scale ground mounted solar farms.
Cambridge based AMiHo received £200,000 to help it commercialise its wireless control technologies for smart energy management applications. GEO, also based in Cambridge, secured £750,000 for its plan to roll-out energy consumption monitoring solutions.
The Low Carbon Innovation fund invests in small and medium sized businesses within the East of England on behalf of the Low Carbon Group at the University of East Anglia and backed by the European Regional Development Fund.
Desmond Astley-Cooper, director at Turquoise International, said its latest three investees had all demonstrated solid business plans. The fund now supports 15 SMEs.
"Turquoise and the Low Carbon Innovation Fund are committed to supporting innovative clean technologies and business models which will deliver genuine commercial value," he said. "Push Energy, AMiHo and GEO have all produced strong business plans which offer real benefits to UK and global customers. We are delighted to be able to assist such companies in achieving further commercial success."
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