Naked Energy aims to address the world’s need for zero-carbon heating, cooling and electricity with the launch of its revolutionary solar collector, Virtu. Its compact design is easy to install and maximises roof space without compromising on efficiency. The company’s patented technology maintains solar cells at a uniform temperature, leading to superior performance compared to existing solar panels. Virtu has already begun to demonstrate how it can transform the funding of renewable thermal energy into something less risky and more attractive.
Following its success in winning the Shell Springboard prize, the company collaborated with Professor Peter Childs at Imperial College London. He tested a series of prototypes and validated the exceptional thermal efficiency of the design. With funding from DECC grants and early equity investment, a dedicated engineering team was recruited, in-house testing capability established and full scale prototype systems designed and tested. Field trials have now been completed in Malta and the UK that have confirmed the market leading potential performance of Virtu.
The company’s primary ambition is to decarbonise buildings on a global scale, delivering both heat and power at greater energy density than any other solar product. In sunny markets, Virtu has been shown to deliver strong return on investment even without subsidies. Across a wider range of climatic conditions the system remains highly competitive due to the novel combination of photovoltaic cells within a vacuum.
A Virtu system has been supplying solar heat and power to one of the UK’s largest supermarket chains since the beginning of 2017, and Naked Energy has since engaged with numerous distribution partners and commercial customers across the world.
The lead investor
What investors have to say
“Probably the most impressive B Plan of any technology company I have seen in over 20 years of working with high tech startups. Very impressive and detailed business plan, indicates ability in both technical and commercial requirements to scale this business. The Intellectual Property protection and analysis is one of the most thorough that I have seen.”
“Significant progress is required in decarbonising the energy required to heat and cool our buildings as these account for half of the world’s energy use, but so far most investment focus has been on electricity. I believe renewable energy technologies, and in particular, hybrid solutions like the Virtu Photovoltaic Thermal collector from Naked Energy are well positioned to address this global opportunity and create a more distributed and democratised low carbon energy system – hence my interest in investing in the company.”