Solarfix, a photo voltaic panel design and set up startup, has secured a €1.8 million funding bundle from Whiterock to drive its progress throughout the UK and Eire. The funding will allow Solarfix to broaden its choices, scale back power prices for home and industrial clients, and contribute to reducing carbon emissions.
The funding contains fairness funding from Whiterock’s Development Capital Fund and debt finance from the Funding Fund for Northern Eire. This follows a administration buy-out led by Michael O’Donnell, Solarfix’s Managing Director, and goals to help the corporate’s improvement of turnkey inexperienced power options for houses and companies.
Michael O’Donnell, Managing Director of Solarfix, commented: “We’re very appreciative of our current purchasers, who’ve been extremely supportive of our enterprise, serving to us to drive progress naturally and main us into new markets. […] Over the subsequent 10 years our imaginative and prescient is to see Solarfix grow to be a frontrunner in sustainable power options throughout the UK and Eire. Now we have already skilled important progress inside our group, and we’re actively recruiting to satisfy demand. With almost 20mw of photo voltaic panels put in on websites ranging in measurement from 4kw to 1,000kw and together with flagship initiatives resembling Royal Portrush Golf Membership, Solarfix methods now type an necessary a part of NI’s power infrastructure. We’re seeing extra industrial alternatives as companies look to satisfy Co2 emissions targets and save on their power prices.”
Since its inception, Solarfix has put in over 2,000 methods throughout Northern Eire, producing greater than 16 million models of low-cost electrical energy yearly and saving over 4,000 tonnes of carbon emissions every year. In accordance with Solarfix, a typical Solarfix system affords cleaner and extra reasonably priced electrical energy in comparison with grid energy, with installations paying for themselves in beneath 5 years. The corporate’s photo voltaic panels are assured for 25 years, offering long-term worth to its clients.
Solarfix has a various portfolio, serving home, industrial, and agricultural markets. Its options embody superior energy-saving choices resembling Duracell Power batteries for energy storage, Solaredge Optimised methods for high-risk or shaded buildings, and MyEnergi EV chargers and Eddi methods that divert solar energy to electrical autos or heating water. Notable initiatives embody installations at Royal Portrush Golf Membership and websites starting from 4kW to 1,000kW methods.
Chris Trotter, Funding Director at Whiterock, expressed confidence in Solarfix’s progress potential: “We’re happy to associate with Solarfix as they make additional investments of their merchandise and markets. With power prices and sustainability being a key concern amongst clients and companies we’re delighted that our £1.5m funding will drive inexperienced power adoption within the UK and Eire. Solarfix has led the way in which in Northern Eire with their customer-first method and we look ahead to supporting them as they proceed an upward trajectory in gross sales and installs.”