ETF invests £4.5m in low energy cooling systems firm 4energy
London, 09 May 2011 – Environmental Technologies Fund (‘ETF’) has completed a £4.5m investment into 4energy Ltd, a leading technology company that significantly reduces the energy required to cool data centres and telecommunications networks. The investment is to be used to support the Company in its rapid international expansion.
The disruptive range of room cooling products and services 4energy has developed represent a real alternative to the conventional methods of dealing with the negative consequences of heat. They make it possible to significantly reduce customers’ energy demands and also reduce the likelihood of systems failure due to heat. The Company has installed several thousand single room systems to date with leading telecommunication network operators around the world and has recently widened its product range to offer the same benefits to data centre operators.
Patrick Tindale, CEO of 4energy, says: “Today, cooling of electronic equipment requires a significant amount of energy. For instance, cooling of base stations using air conditioning represents around 30% of the total energy costs of wireless operators. Our systems move heat in an entirely new way and are proven to reduce the energy used in applications ranging from simple cabinets, single rooms, all the way up to server farms and data centres. We believe our solutions can make the biggest single difference in saving energy and reducing costs on these networks, and I am very pleased to have ETF on board to help us achieving our global ambitions”.
Rob Genieser, Partner of ETF, adds: “4energy has a great team which works closely with customers to understand their equipment cooling needs and to provide the best solutions. 4energy offers innovative solutions for the cooling of data centres, where the cost of cooling a facility is often as much as the cost of powering the IT equipment it contains. 4energy has developed effective software for airflow modelling in data centres that enables the deployment of a suite of 4energy products that can achieve a 50% reduction in energy usage. This is a major development, and we believe 4energy is well placed to capitalise on the huge market opportunity in data centre cooling.”
4energy existing investors include Carbon Trust Investments Limited (advised by CT Investment Partners LLP) and Catapult Growth Fund.
Notes to editors:
4energy was founded in 2005 and is headquartered in Nottingham UK. 4energy provides low energy cooling systems for electronic equipments. The Company works with leading infrastructure operators in the telecom, ICT, power, water and transport sectors around the world.
For further information see www.4energy.co.uk
About Environmental Technologies Fund
Environmental Technologies Fund is a £110m venture and growth capital investment fund with a highly-focused mission: “To support and finance fantastic growth companies whose products and services deliver a significant environmental and economic benefit”. ETF provides entrepreneurs with a top-quality investment group in Europe dedicated solely to Cleantech. The team is backed by leading institutional investors and has a great deal of experience gathered over decades of working in growth capital and with environmental companies. ETF is supported by the European Communities Growth and Employment Initiative, MAP - the ETF Startup Facility.
For further information see www.etf.eu.com
About Carbon Trust Investments Limited (CTIL)
Carbon Trust Investments Limited is the venture capital investment subsidiary of the Carbon Trust. Carbon Trust Investments has invested in 25 businesses since 2002. Two of these companies, Ceres Power PLC and CMR Fuel Cells PLC listed on AIM. A further portfolio company, Heliswirl Technology Ltd, has been sold to a trade buyer.
For further information see www.carbontrust.co.uk
About CT Investment Partners LLP (CTIP)
CT Investment Partners LLP is the FSA authorised and regulated venture capital advisory firm, jointly owned by its executives and the Carbon Trust, which advises Carbon Trust Investments Limited.
For further information see www.ctip.co.uk
About Catapult Growth Fund
The Catapult Growth Fund is managed by Catapult Venture Managers Ltd which is a leading venture capital investor with one of the largest investment teams in the Midlands operating from offices in Birmingham and Leicester. With £80m in Funds under its management Catapult seek equity investment opportunities from £200k to £2m in growing businesses.
Contact details for Catapult are 0116 238 8200 (Leicester) or firstname.lastname@example.org
Catapult Venture Managers Ltd is Authorised and Regulated by the Financial Services Authority.
For further information see www.catapult-vm.co.uk