Solarfix, a photo voltaic panel design and set up startup, has secured a €1.8 million funding package deal 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 business clients, and contribute to decreasing carbon emissions.
The funding contains fairness funding from Whiterock’s Progress 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 growth of turnkey inexperienced power options for houses and companies.
Michael O’Donnell, Managing Director of Solarfix, commented: “We’re very appreciative of our current shoppers, 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 develop into a pacesetter in sustainable power options throughout the UK and Eire. We now have already skilled vital 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 dimension from 4kw to 1,000kw and together with flagship tasks similar to Royal Portrush Golf Membership, Solarfix techniques now kind an essential a part of NI’s power infrastructure. We’re seeing extra business 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 techniques 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 underneath 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, business, and agricultural markets. Its options embrace superior energy-saving choices similar to Duracell Vitality batteries for energy storage, Solaredge Optimised techniques for high-risk or shaded buildings, and MyEnergi EV chargers and Eddi techniques that divert solar energy to electrical autos or heating water. Notable tasks embrace installations at Royal Portrush Golf Membership and websites starting from 4kW to 1,000kW techniques.
Chris Trotter, Funding Director at Whiterock, expressed confidence in Solarfix’s progress potential: “We’re happy to accomplice 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 best way in Northern Eire with their customer-first method and we stay up for supporting them as they proceed an upward trajectory in gross sales and installs.”
