BREAKTHROUGH BEMS COMPANY ATTRACTS GREEN ANGEL INTEREST
A ground-breaking company in the burgeoning electricity management market has netted investment from the UK’s only specialist green angel syndicate.
Shields Energy is pioneering a new product in Building Energy Management Systems (BEMS) which is already making strides in the sector. They identified a gap in the market as existing systems are ineffective for smaller sites due to cost and complexity. So Shields – founded and run by successful serial entrepreneurs – conceived, developed and brought to market a system using patented breakthroughs in sensing and control technology and the full power of the Internet of Things (IoT) to create a completely new system for the market.
Following early client wins (including a 200 station install for Great Western Railway which is already delivering dramatic energy savings), Shields has just completed an investment round to secure its future development. Deal leader and Green Angel Syndicate director Simon Acland commented: “Our market research showed that Shields delivers all it promises and more. The team is second to none, in my experience of companies in the energy sector. We are delighted to be involved.”
Shields provides IoT enabled sensors and control systems connected to a powerful cloud-based software platform which cuts customers’ electricity bills and other operational costs. These systems have been designed to be retrofitted cost-effectively to existing infrastructure. Top target customer sectors are transport, mobile telcos, water companies and catering, which typically have a large number of distributed locations.
An enthused Acland adds: “This is a typical Green Angel Syndicate investment, with strong commercial potential and the ability to dramatically cut electricity wastage.”
Shields CEO, Dan Shields, said, “I am delighted to have attracted investment from a specialist investment group which understands this market. I am looking forward to working with them and leveraging their network to help drive our sales.”
Green Angel Syndicate’s investment has been made in conjunction with the SyndicateRoom crowd-funding platform as part of a £1.1 million equity fund-raising.
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Green Angel Syndicate Ltd is the only specialist green angel syndicate in the UK, made up of a network of smart investors who are committed to the transition to a greener economy. We support early stage technology companies developing products and solutions specifically for a more efficient and sustainable use of global resources.
Visit www.greenangelsyndicate.com for more information.
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