Naked Energy secures GBP 17m funding led by E.on

• Naked Energy secures GBP 17 million funding from E.on Energy Infrastructure Solutions and Barclays, accelerating global expansion and decarbonizing heat with innovative solar thermal collectors.

UK solar heat firm Naked Energy has secured GBP 17 million in funding led by E.on Energy Infrastructure Solutions, with co-investment from Barclays. The Series B funding will aid in the company's growth and global expansion plans. Naked Energy's partnership with E.on SE, established in October 2023, aims to provide solar thermal collectors to commercial and industrial clients through a heat-as-a-service model.

The investment will enable E.on EIS to offer Naked Energy's Virtu product range to its customers, aligning with the goal of decarbonizing heat. Naked Energy CEO Christophe Williams emphasized the importance of transitioning away from natural gas in the face of increasing demand for renewable heat.

What impact will Naked Energy's funding and partnership have on solar heat industry?

• Increased funding will support Naked Energy's growth and global expansion plans in the solar heat industry.
  
• Partnership with E.on Energy Infrastructure Solutions will allow Naked Energy to provide solar thermal collectors to commercial and industrial clients through a heat-as-a-service model.
  
• E.on EIS will be able to offer Naked Energy's Virtu product range to its customers, contributing to the decarbonization of heat.
• The collaboration aims to help transition away from natural gas and meet the rising demand for renewable heat solutions.