4energy has raised new investment from British Gas and existing investors Environmental Technologies Fund, Carbon Trust and Catapult Venture Managers.
British Gas has led a growth funding round in innovative telecoms and data centre cooling provider 4energy. Current investors Environmental Technologies Fund, Carbon Trust, and Catapult also participated in the financing, which totalled £7m. British Gas and the other investors now each hold a minority stake in the company.
The investment will enable 4energy to accelerate its global roll-out of energy saving solutions to energy intensive Data Centres and telecommunications infrastructure. British Gas will play a part in this expansion, helping its data rich customers to better manage their energy by using 4energy’s solutions. 4energy will use the proceeds to increase its activities with its blue chip UK customer base and build on its operations throughout Europe, China, India, Africa and North America.