London fund manager makes 'significant' renewable energy investment
A London based fund manager has made a ‘significant’ investment into a cleantech energy company.
CarVal Investors has announced its investment into cleantech firm Social Energy, which uses artificial intelligence and virtual power plant technology to optimise solar-connected battery storage.
It will use the investment to fund its global expansion plans, aiming to launch in continental Europe, North America, and Asia.
Stuart Lammin, principal at CarVal Investors, commented: “We are delighted to have completed our investment in Social Energy and are very much looking forward to helping to support their ambitions over the coming years.
“We have a strong commitment to the clean energy sector and supporting companies that can help drive us to a carbon-free future.”
Richard Smith, CEO of Social Energy, said: “CarVal’s expertise will be invaluable in scaling the business and we are excited about taking Social Energy to new markets, as well as growing our existing operations in the UK and Australia.”
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