Naked Energy Scoops £40,000 for Idea to Combat Climate Change
10 Feb 2011
A Guildford-based business with an innovative idea to combat climate change on Tuesday night won £40,000 from the Shell Springboard programme, designed to promote the growth of green businesses in the UK.
Naked Energy received the financial boost for its new solar panel, SolarPVT™, which is able to generate both electricity and hot water.
SolarPVT™ was developed using a highly efficient thermal panel, which was specifically designed to generate hot water in cooler climates. Naked energy added photovoltaic (electric) cells to enable the panel to generate both electricity and hot water, unlike traditional panels which only produce the latter.
L to R: Nicholas Simmons (Naked Energy), John MacArthur (Shell) & Christophe Williams (Naked Energy)
The product has the potential to create a significant drop in carbon emissions; if only half a per cent of the UK’s 25 million homes installed six SolarPVT™ panels there would be a reduction of over 200 million kilograms of Carbon Dioxide entering the atmosphere each year.
The Shell Springboard programme has awarded over £1.6 million to 54 UK small businesses since it launched in 2005. The programme helps small businesses make an impact in the fight against climate change by providing a no-strings-attached financial boost to companies with innovative products and services that could help reduce greenhouse gas emissions.
Christophe Williams, Managing Director at Naked Energy said, ““We believe that SolarPVT™ can make a difference in the fight against climate change and it’s incredibly rewarding that a well-established programme like Shell Springboard has also recognized this potential. The funding and recognition we have received will allow us to press ahead with our development and accelerate the commercialisation of SolarPVT™ to provide homeowners and businesses with a unique all in one solar energy solution”
The host for the awards ceremony, John MacArthur, Vice President CO2 Policy, at Shell commented: “The energy sector has to innovate to satisfy the world’s growing energy needs at a reduced environmental cost. The businesses competing here today all demonstrated that innovation. Special congratulations to Naked Energy for impressing the judges with their technology. I wish them every success for future development and growth of their business”
James Smith, Chairman Shell UK, said: "Low carbon innovation creates real opportunities for British industry. The UK has huge talent and creativity in this area. In the last six years Shell Springboard has awarded over 50 small businesses with a total of £1.6 million to advance their new business ideas for products and services to tackle climate change. I look forward to meeting Naked Energy at the final and wish them every success.”
Other winners on the night were:
TwentyNinety from Oxford for its technology to monitor the performance of solar panels
Cella Energy from Oxford for its low-cost hydrogen storage materials
Oxford Photovoltaics from Oxford for its screen printed solar panel window glass
Whipcar were also highly commended.