Naked Energy Raises €6.17 Million for Virtu Hybrid Solar Technology Development
Naked Energy, a UK-based solar energy startup supported by Climate KIC, has raised €6.17 million in funding led by Earthworm Group, with co-investment from Taqa Holdings Ltd. Additional investments came from existing shareholders and new investors including Ethical Fin, Fonte Capital, Green Angel Syndicate, and Syndicate Room. The funds will accelerate sales, marketing, international distribution, and production of its Virtu technology, which efficiently generates both heat and electricity.
Theia Market Signal Identification - AI Assisted
Naked Energy has secured €6.17 million in funding to advance its Virtu technology, a patented hybrid solar collector. Earthworm Group led the funding round, with Taqa Holdings Ltd. as a co-investor. The investment will support sales, marketing, international partnerships, and production automation.
Virtu achieves a peak efficiency of 80%, converting 20% of solar energy into electricity and 60% into heat. Compared to traditional solar PV panels, Virtu requires significantly less space to produce equivalent energy and carbon savings. Taqa Holdings views this investment as strategic for promoting sustainable energy solutions.
Comments