Rendesco Raises £6m Funding to Expand Clean Heat Solutions
Rendesco, a London, UK-based clean heat network developer and owner-operator, recently announced that they have raised £6m in funding. The round was led by Clean Growth Fund, Eurazeo’s Smart City fund, and Aviva Ventures, with existing investor Copley Point Capital also participating in the funding. With this new injection of capital, Rendesco plans to expand its operations and further develop its solutions in the UK and European energy markets.
Under the leadership of CEO and Founder Alastair Murray, Rendesco focuses on designing, installing, and operating low-carbon solutions that utilize ground source technology to provide sustainable heat and hot water to homes and buildings.
Their comprehensive network development package offers top-notch design capabilities and installation quality. Currently, Rendesco manages networks across the UK that supply heating and hot water to more than 8,000 homes, resulting in over 14GWh of sustainable heating and valuable operating data on ground source heat technology.
This recent funding round signifies a significant milestone for Rendesco as they continue to make strides in the clean energy sector. With the support of key investors, the company is well-positioned to further expand its reach and deliver innovative solutions to meet the increasing demand for sustainable heating options. As Rendesco strengthens its presence in the UK and European markets, they are poised to play a pivotal role in promoting environmentally friendly practices and reducing carbon emissions in the heating industry.
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