NEWS
Investor confidence is being shaken by the politicisation of net zero targets in the UK, according to trade body, the Electrical Contractors Association (ECA). ECA member firms are investing heavily in EV infrastructure, battery storage, solar PV and low energy heating, and need government to adopt a consistent approach and work together with industry to develop the policies, technologies and skills needed to reach net zero. Paul Reeve, ECA Director of CSR, said, “Rishi Sunak’s overall direction of travel towards achieving net zero has not changed. But a delay in the timescale will undoubtably shake the confidence and plans of many large and small businesses alike, not to mention consumers.” The delays could, however, create opportunities to move to a ‘technology agnostic’ approach rather than focusing on one or two low carbon fixes, adopt fairer pricing for low carbon technology, ramp up EV charging infrastructure and invest in training and skills. www.eca.co.uk ECA hits out at politicisation of net zero targets
Jordan Brompton and Lee Sutton, co-founders of myenergi.
Eco tech manufacturer myenergi lands £30m investment to drive growth
myenergi, a British smart home energy technology manufacturer operating in the Northern Ireland and Republic of Ireland markets, has secured £30m in investment. Eco investor Energy Impact Partners (EIP) has provided the backing to support its future growth and internationalisation, additional to £30m in debt financing myenergi secured from HSBC earlier this year. Founded by Lee Sutton and Jordan Brompton in 2016, myenergi was recognised as the 26th fastest-growing private company in the Sunday Times ranking for 2023.
technologies, including the market-leading solar-compatible zappi electric vehicle charge point, eddi power diverter and
libbi smart home battery. Lee said, “The investment will help to deliver our
next generation of product development and innovation, including our planned growth in grid services – such as demand side response, allowing us to better support our customers in undertaking their own home energy transition. “We will also be investing in service excellence to ensure that our customers benefit from the best frontline support.” www.myenergi.com
It manufactures a range of ‘eco-smart’ home energy
UK PV specialist Aztec Solar Energy secures investment
Effective Energy Group Ltd has invested in Aztec Solar Energy Ltd, a specialist in solar technology in commercial and industrial sectors. Aztec Solar is now the UK’S specialist solar photovoltaic (PV) and battery energy storage systems advisor and installer for commercial and industrial installations to the group, accelerating its growth plans in commercial PV installations across the UK. Richard Williams, Managing Director of Aztec Solar, said: “As engineering
energy solutions. “We are now in a stronger position to meet those demands and their CO2 emission targets, assisting them reduce costs without affecting productivity. “We’ve a strong team in place to capitalise on the reputation we’ve already established and now as the commercial solar arm of Effective Energy, this will open further national opportunities and provide us with broader corporate resource for growth.”
L-R: Richard Cox, CEO of Effective Energy, with Richard Williams, Managing Director, and Chris Cowling, Commercial Director of Aztec Solar Energy.
and energy services experts, we’re experiencing an increasing demand from medium-sized through to high-capacity energy level organisations to find the most effective combination of
Effective Energy Group is a collaborative group of companies empowering its clients to make more sustainable energy choices. www.effective-energy.co.uk
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