Naked Energy

Great British Energy and Barclays Climate Ventures have jointly invested approximately £8.9 million in Naked Energy, a West Sussex-based renewable heat technology company. This funding round is earmarked for establishing a new UK-based manufacturing facility and scaling Naked Energy's Virtu solar-thermal technology.

Summary of transaction details:

• Value: £8.9 million
• Sector: Industrials & Energy (Renewable Heat Technology)
• Advisor: None mentioned
• Key Entities: Naked Energy (Target), Great British Energy (Lead Investor), Barclays Climate Ventures (Investor)
• Location: West Sussex, UK (Target Company)

Note: This strategic investment highlights a concerted effort to boost domestic renewable energy manufacturing capabilities and reduce reliance on gas, contributing to both energy security and economic growth through job creation in the UK clean technology sector.