Thermal energy storage firm Sunamp has raised £4.5 million in Series A funding to help support its international expansion. The investment round was led by a £3.2 million investment by Chilean venture capital firm Aurus Capital, with Scottish Investment Bank and existing private investors key participants in the round according to Sunamp. The funding will support its commercial scaling in the UK as well as international expansion in Central Europe, Asia and North America. In the UK, Sunamp has previously made a deal with Eco2Solar last year for a solar-plus-storage heating pilot as well as with Trina Solar in 2018 to develop an integrated solution combining its thermal storage batteries with heat pumps. In 2016, the company partnered with Bristol City Council to transport excess heat from waste treatment facilities for use in the city’s district heating scheme.
Solar Power Portal 11th Aug 2020 read more »