British Gas leads £7m investment in 4energy
British Gas has led a ТЃ7m investment in 4energy alongside existing investors Environmental Technologies Fund (ETF), Carbon Trust Investments and Catapult Venture Managers.
The investment is designed to accelerate 4energy's global rollout of energy saving solutions to energy intensive data-centres and telecommunications infrastructure.
The proceeds will be used to increase activity with the company's UK customer base and develop operations throughout Europe, China, India, Africa and the US.
To aid the company's expansion, British Gas will implement 4energy's solutions for its data-rich customers.
Carbon Trust and Catapult initially backed 4energy in September 2008, each investing £1m.
Company
Nottingham-based 4energy is a telecoms and data-centre cooling provider. Its products reduce the cooling requirements for electronic data centres and telecommunications equipment by up to 50%. Its management software and hardware products analyse thermal footprints and allow users to adjust airflows and temperature gradients accordingly.
People
Robert Genieser is 4energy's chairman and partner at ETF. Pat Tindale is 4energy's chief executive and founder.
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