Green Angels’ latest deal is electrifying
Green Angel Syndicate announced today that its members have backed a revolutionary renewable energy platform.
Green Angel Syndicate is investing in the seed funding round for The ECompany, a London-based technology company at the forefront of the renewable energy sector.
The ECompany, though its RE-Search (Renewable Energy Search) web platform, will connect businesses which want to buy renewable energy to developers who can meet this demand. These long-term contracts are known as Power Purchase Agreements, and are becoming more common as enterprises seek a clean, green, reliable, source of electricity at a stable price. However, it is not easy for purchasers to connect to developers, or for developers to find purchasers in advance of building their renewable energy farms.
Green Angel Syndicate has invested alongside the Sustainable Ventures Accelerator fund. JP Cerda, The ECompany’s CEO, said “I am delighted to have these specialist and experienced groups as investors and look forward to the added value they can bring.”
Simon Acland, Green Angel Syndicate Director, said “There is a massive gap in the market for The Ecompany’s service. The inherent demand for renewable energy is out there. Many companies want to access renewable energy direct from the developer – both because it can be the cheapest solution and because they want to do the right thing. But the market does not operate efficiently at the moment. The RE-Search platform will fill that gap, matching buyers and sellers, and providing all the complex data that energy buyers need to make their decisions.”
About Green Angel Syndicate:
• Green Angel Syndicate 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.
• If you want to find out more about becoming a green angel please contact
Nick Lyth at [email protected]
For press information contact David Sheridan [email protected]