Department for Energy Security & Net Zero
55 Whitehall, London, SW1A 2HP, United Kingdom
Overview
Department for Energy Security and Net Zero (DESNZ) is focused on the energy portfolio from the former Department for Business, Energy, and Industrial Strategy (BEIS). It secures its long-term energy supply, bringing down bills and halving inflation.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Energy
- Energy Management
- Government
- Sustainability
Investment portfolio
- Exergy3
Led · Grant · Jun 2023
Exergy3 develops ultra-high temperature thermal energy storage systems that convert surplus renewable electricity (including curtailed wind power) into high-temperature heat for industrial applications. The company is led by CEO Markus Rondé and is based in Edinburgh, Scotland. Following the £10M Seed raise, Exergy3 plans to scale manufacturing capacity and expand its team to support broader deployment at industrial sites. Its stated focus is turning excess renewable generation into usable energy rather than letting it go to waste. The company’s current financial update is the newly closed seed financing; no revenue or user metrics were reported in the article.
Team
No current team members are available.