- The Heat-as-a-Service model means Naked Energy and E.ON Energy Infrastructure Solutions fund upfront costs, with end-users paying for technology over the lifetime of a contract
- Upfront and ongoing costs classed as operational expenditure, freeing up businesses to decarbonise their heat without capital expenditure
- Businesses now able to meet net zero targets and invest in growth at the same time
Credit: Naked Energy
British solar heat and power scale-up Naked Energy is offering its industry-leading solar heat and power technologies to businesses with no upfront costs.
The Heat-as-a-Service (HaaS) offering means E.ON Energy Infrastructure Solutions (E.ON EIS) will fund upfront costs for projects using Naked Energy’s Virtu solar heat and power product range.
With initial setup costs no longer a barrier, businesses are able to decarbonise their heat demand and begin saving on energy bills from day one - reaping the benefits immediately after installation.
The monthly cost of the kWh of heat is fixed and lower than the current price of a kWh of heat for the duration of the contract. HaaS provides businesses with financial planning security, shielding them from volatile energy markets while reducing carbon emissions.
This ensures that funds intended for capital expenditure (CAPEX) are not spent, freeing up resources for businesses to invest in other areas of their operations.
End-users that take up the HaaS offering benefit from Naked Energy’s industry-leading Virtu solar heat and power collectors. Their modular design makes it the world’s highest energy density solar technology, proven to be up to four times more impactful at offsetting CO2 emissions than conventional solar PV panels.
The tech has already been sold in more than 20 countries and is well-established in the UK and Europe, with well-known customers including IHG Hotels & Resorts and Mandarin Oriental Hyde Park, London.
E.ON Energy Infrastructure Solutions, a provider of integrated, sustainable energy solutions for cities and industries, recently led Naked Energy’s £17m Series B first close. The partnership originated from E.ON Group Innovation´s global startup scouting activities led to intense joint piloting before becoming an investor and business partner.
Christophe Williams, CEO of Naked Energy, said: “Climate change is the great challenge of our time, but the burden of the transition has fallen on the end-user for too long. Our HaaS model will make it easier than ever for the commercial and industrial sector to benefit from our industry-leading technology.
“HaaS wouldn’t have been possible without E.ON Energy Infrastructure Solutions and E.ON Group Innovation. It’s clear that they share our sense of urgency to decarbonise heat and are committed to supporting our mission of helping the commercial and industrial sectors transition away from natural gas.
“The renewable heat industry needs to take notice - we’re not going to fulfill our responsibility to accelerate net zero unless we all make it easier for companies of all shapes and sizes to come along with us.”
Daniel Joisten, Head of Innovation Commercialisation at E.ON Energy Infrastructure Solutions, added:
“Making new energy work is the name of our game, especially when it comes to heat. Naked Energy’s solar thermal technology has the highest energy density and sets the market standard.
“The Virtu product range unlocks convenient cost and carbon savings for our customers and profitable growth for us – a clear win-win situation. With our Heat-as-a-Service proposition, we make it easy for customers in industries such as Food & Beverage, Hospitality, and Hospitals to decarbonize their operations profitably.
“Together with our partner Naked Energy, we design, deliver, own, operate, and maintain end-to-end energy solutions so our customers can focus both their CapEx and attention on their core business. From day 1 of operations, they will enjoy significant savings from reduced energy costs, kilowatt-hour by kilowatt-hour.”