Hometree Secures £50 Million for Sustainable Energy Expansion
Hometree, a residential energy services company based in London, UK, has successfully secured £50 million in mezzanine financing from CPP Investment. This substantial infusion of capital is aimed at enhancing the company's efforts to install solar panels, batteries, and heat pumps in an impressive 35,000 homes throughout the United Kingdom. With a commitment to promoting sustainable energy solutions, Hometree is strategically positioning itself as a significant player in the residential energy market. The company is not just focused on hardware installation; it is also dedicated to providing comprehensive financing options, as well as repair and maintenance services, all integrated into a single platform designed for efficiency and ease of use for homeowners.
To achieve its ambitious goals, Hometree operates through a structured network divided into three main business divisions: Installation, Financing, and Service and Maintenance.
Each division plays a critical role in supporting the full lifecycle of sustainable home ownership. By streamlining these services, Hometree aims to make it simpler for homeowners to adopt and manage renewable energy solutions, thereby promoting a shift towards a more sustainable energy future. With the newfound capital now secured, Hometree is laser-focused on financing its own installations while fostering collaborations with various players across the energy supply chain.
As part of its strategic approach, Hometree is actively partnering with a range of companies, including renewable installers, energy utilities, and hardware manufacturers. Recently, the firm has struck agreements with several key players in the industry, such as Project Solar, known as the UK's largest solar panel installer, and So Energy, a prominent energy supplier. Additionally, Hometree is collaborating with myenergi, a supplier specializing in smart home energy technology. These partnerships not only enhance Hometree's service offerings but also contribute to making renewable energy more accessible and appealing to homeowners across the UK.
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