Investment & Fund Management
specializes in home energy
Full Credential Description
PassivSystems, based in Berkshire, specializes in home energy management products. The company faced a significant challenge in bringing its innovative technology, PassivEnergy, to market due to a lack of capital. This service includes a touch screen controller and a smart hub that learns consumer habits and the thermal properties of homes, optimizing heating and hot water systems to reduce energy waste and lower bills.
To address this issue, PassivSystems sought investment from WHEB Ventures, a clean technology venture capital firm. This partnership provided the necessary funding to complete the development phase of their technology and successfully launch the product. As a result, PassivEnergy became available to a broader customer base, which would not have been possible without this financial support.
The impact of this investment has been substantial. PassivSystems' technology has gained recognition as one of the 100 most innovative European companies in 2010 by Red Herring, The Guardian, and CleanTech, and it has been nominated as one of the 50 most promising Nordic cleantech companies by Reuters. Furthermore, the company is now expanding its research into the effects of light quality on productivity in the forestry industry, indicating a growth trajectory and diversification of its offerings.