WHEB Ventures (UK)

How to save money on energy bills and live more responsibly? Colin Calder and Fraser Harding, the founders of PassivSystems, may just have the solution with the newly launched service PassivEnergy™, which consists of a touch screen controller and a smart hub that goes into the home. PassivEnergy™ learns how consumers live whilst at the same time learning about the thermal properties of their homes and the performance levels of their heating and hot water systems (legacy systems and renewables). It then adjusts and controls heating and hot water against needs, avoiding energy waste, unnecessary consumption and consequently reducing energy bills. PassivSystems needed further capital to take its technology to the market, so WHEB Ventures, the clean technology venture capital firm, stepped in. “With this most welcome support”, says Colin Calder, “we were able to complete the development phase of our technology and launch our product on the market. It is now available to a large number of new customers which we would not have been able to reach otherwise”. PassivSystems technology has been recognised as one of the 100 most innovative European companies in 2010 by Red Herring, The Guardian and CleanTech. The company has been nominated as one of the 50 most promising Nordic cleantech companies by Reuters. It is now expanding its reach to new areas by participating in research into light quality and its impact on productivity in the forestry industry.

Company: PassivSystems, Berkshire
Type of business: Home energy management products
EU-supported investment through WHEB Ventures

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