Carbon Trust Investments and Catapult Venture Managers have invested £1 million (€1.3 million; $1.8 million) each in 4energy, a UK-based designer of cooling systems.
4energy’s cooling systems reduce the energy used to regulate the temperature of industrial electrical equipment, such as the electrical components found in mobile network base stations. To date the technology has been taken up by companies such as been the UK mobile giant Vodafone and energy companies EDF Energy and Scottish Power Energy Networks.
4energy: a cool £2 million
In the UK, energy used to cool data centres and server rooms is estimated to be up to 15 percent of the carbon footprint of industrial buildings. 4energy’s devices can reduce the energy used by up to 90 percent, the company said.
4energy will use the secured funding to roll out global trials of its telecommunication base station cooling technology, extend its distribution network and continue investing in research.
Carbon Trust Investments is the venture capital investment subsidiary of the Carbon Trust, an independent company set up by the UK Government to fight climate change. It has made 12 investments in the last five years, two of which – Ceres Power and CMR Fuel Cells – have since listed on London’s Alternative Investment Market.
Catapult Venture Managers is based in the UK’s Midlands and has £80 million under management. It originally backed 4energy as an early stage investment.