Gridimp, an innovator in green tech and AI, has secured £250,000 in funding, accelerating its growth ambitions.
- The company aims to recruit more staff and relocate to a new office, enhancing its operational capacity.
- This move is facilitated by the South West Investment Fund through the FSE Group, signalling strong investor confidence.
- Gridimp’s technology aids firms in real-time energy monitoring and facilitates access to flexible energy markets.
- The investment highlights a sector experiencing a crucial transformation towards sustainability and efficiency.
Gridimp, a prominent name in green technology and artificial intelligence, has recently been bolstered by a £250,000 investment from the British Business Bank. This financial injection is set to enhance Gridimp’s expansion initiatives, allowing the company to recruit additional staff and transition to a larger office space that aligns with its growing team and operational needs. The funding was secured through the South West Investment Fund, with the FSE Group acting as the intermediary, underlining substantial investor confidence in Gridimp’s potential.
The organisation specialises in smart energy technology and hardware solutions, which empower businesses to track their energy consumption in real time. This innovation is complemented by artificial intelligence capabilities that enable clients to engage in flexible energy markets, optimising their energy usage for better economic return. Richard Ryan, a co-founder of Gridimp, expressed pride in their products developed through international collaboration, emphasising the transformative impact they aim to have on modern energy consumption and distribution systems.
Rob Ward, an investment manager at the FSE Group, praised Gridimp’s leadership in a sector that is undergoing significant changes to enhance sustainability. He noted the ease of installation of Gridimp’s technology and its substantial value to clients. His remarks reflect the strong optimism surrounding Gridimp’s future as an influential player in the energy sector.
The sentiment is echoed by Paul Jones, senior investment manager at the British Business Bank, who highlighted the role of Gridimp in driving the UK’s transition to net-zero emissions. He praised the advancements in technology within the South West that enable businesses to make informed decisions on lowering their carbon footprints while realising cost savings.
Gridimp’s receipt of substantial funding underscores its pivotal role in advancing sustainable energy solutions within the UK.
