Fuuse raises £2.5m in follow-on funding
Fuuse has announced a £2.5m follow-on investment as its revenue and growth accelerates. The latest top up will galvanise Fuuse’s position in the UK and Ireland, feeding the growth of sales and support teams to serve forecasted demand and wider expansion plans. The investment is led by Par Equity, and is backed by a group […]
ABB extends available arc protection options
With the new, smart and cost-efficient combination of UFES and Relion, ABB extends its portfolio for quenching arc faults with a type tested solution that also provides a built-in protection scheme, which doesn’t rely on slow circuit breaker operation. The solution sees ABB combine its Ultra-fast Earthing Switch (UFES) and Relion 615, 620 relay series, […]
UK’s EV charging infrastructure to double in scale this year
ChargeUK has launched as the new trade association for the UK’s EV charging industry. It brings together 18 of the largest companies installing the charge points needed to enable the UK’s switch to electric vehicles (EVs) and the realisation of net zero. Between them, the members of ChargeUK have announced that they will invest over […]
Toolstation increases colleague salaries by 9.4%
Toolstation is increasing pay for its 5,500 colleagues. The retailer has introduced a pay rise of 9.4% for all colleagues at entry level and in all store and operations roles. It means that the hourly rate for entry level colleagues will increase to £10.60. Jag Nagra, HR Director for Toolstation, says, “We’re a business that […]
Legal & General Capital invests a further £15m in decarbonising homes
Legal & General Capital (LGC) has invested £12.5 million across three companies – Cambridge Electric Cement (CEC), Hometree, and SunRoof – and increased its existing investment in Sero Technologies as part of its commitment to decarbonise the residential sector. These partnerships demonstrate the breadth of LGC’s investments into decarbonising residential real estate, from reducing construction […]
Scolmore Group develops its technical team expertise
Scolmore Group says that it attributes its position in the market to sustained reinvestment in its business infrastructure and people, in order to provide a solid platform for continual growth and expansion. Among the areas of the business that have seen investment in recent months is the technical support department, where a number of promotions […]
Power upgrade benefits Kenardington
UK Power Networks is investing £1.2 million to upgrade the electricity grid connecting homes and businesses in the Kenardington area of Ashford. The company is increasing network resilience and boosting capacity at its existing site in Kenardington. A 19-tonne transformer was connected at the substation via a second circuit, increasing network flexibility and unlocking more […]
Evinox and Minibems merge with an investment from SET Ventures
Evinox and Minibems are merging due to receiving growth capital from SET Ventures. This capital injection enables the two companies to enhance energy efficiency and cost savings for heat network operators and residents. Heat networks, also known as district heating systems, supply heat to one or multiple buildings from a central source, such as a […]
Expert shares five tips for businesses to reduce their energy consumption
An expert has shared five ways that businesses can reduce their energy bills and become more sustainable by making just minor adjustments to their work environment. The average small and medium-sized UK business could reduce their bills by 18-25% if they implemented energy efficient measures, and with commercial energy not included in the price cap, […]
Urban Fox set to revolutionise the EV charging market
Balfour Beatty Investments has announced its entry into the on-street EV charging market with the formation of Urban Fox – through a partnership with Urban Electric Networks. Balfour Beatty Investments expect to invest up to £60 million of capital in the partnership to fund the roll out of up to 35,000 charge points across the […]