Naked Energy and E.ON make renewable heat accessible for all businesses
The Heat-as-a-Service model means Naked Energy and E.ON Energy Infrastructure Solutions fund upfront costs, with end-users paying for technology over the lifetime of a contract
Upfront and ongoing costs classed as operational expenditure, freeing up businesses to decarbonise their heat without capital expenditure
Businesses now able to meet net zero targets and invest in growth at the same time
LONDON, 17 December, 2024: British solar heat and power scale-up Naked Energy is offering its industry-leading solar heat and power technologies to businesses with no upfront costs.
The Heat-as-a-Service (HaaS) offering means E.ON Energy Infrastructure Solutions (E.ON EIS) will fund upfront costs for projects using Naked Energy’s Virtu solar heat and power product range.
With initial setup costs no longer a barrier, businesses are able to decarbonise their heat demand and begin saving on energy bills from day one - reaping the benefits immediately after installation.
The monthly cost of the kWh of heat is fixed and lower than the current price of a kWh of heat for the duration of the contract. HaaS provides businesses with financial planning security, shielding them from volatile energy markets while reducing carbon emissions.
This ensures that funds intended for capital expenditure (CAPEX) are not spent, freeing up resources for businesses to invest in other areas of their operations.
End-users that take up the HaaS offering benefit from Naked Energy’s industry-leading Virtu solar heat and power collectors. Their modular design makes it the world’s highest energy density solar technology, proven to be up to four times more impactful at offsetting CO2 emissions than conventional solar PV panels.
The tech has already been sold in more than 20 countries and is well-established in the UK and Europe, with well-known customers including IHG Hotels & Resorts and Mandarin Oriental Hyde Park, London.
E.ON Energy Infrastructure Solutions, a provider of integrated, sustainable energy solutions for cities and industries, recently led Naked Energy’s £17m Series B first close. The partnership originated from E.ON Group Innovation´s global startup scouting activities led to intense joint piloting before becoming an investor and business partner.
Christophe Williams, CEO of Naked Energy, said: “Climate change is the great challenge of our time, but the burden of the transition has fallen on the end-user for too long. Our HaaS model will make it easier than ever for the commercial and industrial sector to benefit from our industry-leading technology.
“HaaS wouldn’t have been possible without E.ON Energy Infrastructure Solutions and E.ON Group Innovation. It’s clear that they share our sense of urgency to decarbonise heat and are committed to supporting our mission of helping the commercial and industrial sectors transition away from natural gas.
“The renewable heat industry needs to take notice - we’re not going to fulfill our responsibility to accelerate net zero unless we all make it easier for companies of all shapes and sizes to come along with us.”
Daniel Joisten, Head of Innovation Commercialisation at E.ON Energy Infrastructure Solutions, added: “Making new energy work is the name of our game, especially when it comes to heat. Naked Energy’s solar thermal technology has the highest energy density and sets the market standard.
“The Virtu product range unlocks convenient cost and carbon savings for our customers and profitable growth for us – a clear win-win situation. With our Heat-as-a-Service proposition, we make it easy for customers in industries such as Food & Beverage, Hospitality, and Hospitals to decarbonize their operations profitably.
“Together with our partner Naked Energy, we design, deliver, own, operate, and maintain end-to-end energy solutions so our customers can focus both their CapEx and attention on their core business. From day 1 of operations, they will enjoy significant savings from reduced energy costs, kilowatt-hour by kilowatt-hour.”
ENDS
For Naked Energy enquiries, please contact: nakedenergy@harpswood.com
Notes to editor
Naked Energy’s standard HaaS contract lasts for 20 years.
About Naked Energy
Naked Energy is a British design and engineering business, leading the global innovation in solar thermal and solar PVT. Naked Energy’s mission is to change energy for good, by displacing fossil fuel in global commercial and industrial buildings through the deployment of its high impact, cost effective and versatile solar heat and power technologies. The businesses’ high energy density solutions are capable of decarbonising heat cost-effectively and with limited space; its solar PVT technology delivers up to four times the carbon savings per m2 in comparison to conventional solar PV.
About E.ON
E.ON is an international investor-owned energy company headquartered in Essen, Germany, which focuses on energy networks and customer solutions. As one of Europe's largest energy companies, E.ON plays a leading role in shaping a clean, digital, decentralised world of energy. To this end, around 74,000 employees develop and sell products and solutions for private, commercial and industrial customers. More than 47 million customers purchase electricity, gas, digital products or solutions for electric mobility, energy efficiency and climate protection from E.ON. For more information, please visit www.eon.com