CleanTech… does it make sense for investors?

A few years ago, I walked the Pembrokeshire Coastal Path and I was amazed to hear the “waterfall in the sea” as the tide rushes around The Bitches (which are small islands just off the coast). If you ever want an inspiring walk, the middle section of the Coastal Path is to be recommended. Little did I expect to hear about The Bitches in an investment briefing…

The other day I spoke to Dave Raval of the Carbon Trust when he mentioned their latest investment in Wales at… The Bitches. The Carbon Trust has provided a grant to help Tidal Energy Ltd which is deploying a tidal stream renewable energy device at Ramsey Sound which is the area of water just before The Bitches. The installation is expected to provide electricity for 1,000 homes and help the Welsh Government reach its renewable energy targets.

The Carbon Trust is a not-for-profit company providing specialist support to help business and the public sector boost business returns by cutting carbon emissions, saving energy and commercialising low carbon technologies. The Carbon Trust has the most extensive database of companies working in the CleanTech area and have supported over 300 of the very best of these. Technologies vary from large renewable energy schemes to lone inventors with clever energy efficiency inventions, and the companies supported have raised over £100m and gone on to grow successful businesses. Sums raised vary from tens of thousands from angels through to Series A VC investments. Carbon Trust is currently looking for new investors for their portfolio; contact Dave.Raval@CarbonTrust.co.uk if you’re interested.

Leave a Reply

Your email address will not be published. Required fields are marked *