Ardenham Energy has announce expansion plans following a £2m investment by Bridges Ventures.
Staff have moved in to an extension at their head office in Aylesbury, in Buckinghamshire, after outgrowing the new offices they had moved into only a year earlier.
In the same week, the company opened a new office in Guildford in Surrey, which is the first of a number of planned regional offices across the country made possible by the investment from Bridges Ventures.
Ardenham Energy was formed in 2007 and states it was the first company in the UK to gain Microgeneration Certification Scheme (MCS) accreditation.
Focusing on solar PV in particular the company has so far installed over 2MW of capacity, covering nearly 1,000 individual technology installations, making it one of the most established and trusted UK businesses of its kind. It also has a heat pump division along with extensive experience in wind turbines and solar thermal systems.
Harry Shepherd-Cross, director at Ardenham Energy, said: “This is a landmark moment for Ardenham Energy. Our ability to secure substantial financial backing from such respected finance providers at a time when capital is so constrained is testament to the strength of our business model. With the backing of Bridges Ventures, Ardenham Energy can now expand its provision and installations of renewable energy projects beyond the South East to a much wider market.”
Tom Fourcade is the investment director at Bridges Ventures. He commented: “The move towards a low carbon economy will see an increasing need for organisations that can help individuals and businesses produce renewable energy.
“Our conviction in Ardenham Energy is based on the team’s extensive experience in this field with over 45 years collective experience in power, engineering and the construction industry. They have consistently demonstrated their ability to deliver, achieving a position of trust within this fast-growing sector.”
Bridges Ventures is a sustainable growth investor whose commercial expertise is used to deliver both financial returns and social and environmental benefits. The Bridges Ventures Funds invest in growth businesses based in the UK’s underserved areas as well as those delivering social and environmental impact in education and skills, environment and health and well-being.