Led · Equity · Apr 2024

Eden Sustainable focuses on deploying rooftop solar and delivering private-wire PPA projects to schools, businesses and organisations across the UK. The company operates around the UK, including in Exeter and London, and was co-founded 10 years ago by Scott Burrows and Steve Baker. Its core offering centers on commercial and industrial rooftop solar installations and private-wire arrangements to bypass grid constraints. The business says the new funding will accelerate rollout of PPA projects and support wider deployment of commercial solar in support of the UK’s net zero commitments. As part of the deal, the partnership could enable up to 75MW of new rooftop solar to be installed. Eden worked with advisors PKF Francis Clark and legal counsel Wollens Solicitors on the transaction.

Participated · Equity · Mar 2023

Geothermal Engineering Ltd operates the United Downs geothermal site in Cornwall and has developed commercial‑scale lithium extraction from geothermal brine, marking the UK's first such operation. The company's initial lithium production capacity began at 100 tonnes per annum, and GEL plans to scale output to over 18,000 tonnes per annum within the next decade. That target production is projected to supply roughly 250,000 EV batteries annually, or about 65% of the UK's 2024 BEV registrations. United Downs is also notable as the UK's first deep geothermal power plant. GEL has secured UK government DRIVE35 grant funding to accelerate expansion of its lithium extraction operations at United Downs. The articles do not disclose GEL's revenues, prior funding rounds, or the monetary value of the grant.