Among many benefits, the six figure investment will allow Prescient Power’s customers to unlock the power of renewable energy by reducing the impact on cashflow with project finance and reduced deposits.
Prescient Power installs, maintains and monitors renewable energy technologies for a variety of sectors across the UK, from country houses and National Trust properties, to property developers, farms and commercial premises.
Formed in 1890, the Japanese Inabata Group provides innovative solutions and services for IT & electronics, chemicals, life industry, plastics, housing & eco materials businesses worldwide with around 60 locations in 18 countries including Singapore, Bangkok, Jakarta, Shanghai, Hong Kong, Taipei, Los Angeles, New York, Düsseldorf.
Carl Benfield, managing director of Prescient Power commented: “This is a major step forward for us in a market that is seeing many renewable providers scaling back or sadly having to cease trading due to financial pressures. Both companies have very similar business ethics and our commitment to the environment so this is a perfect fit. The partnership is of course great news for Prescient Power, as it means we can strategically plan for strong and sustainable growth in an ever-changing market but also for our customers.
“We know that for many, the drain on cash-flow of an installation means that a project can become prohibitively expensive. Now we can pay for the installation, recouping the costs from the sale of energy to the customer. This means customers can access our award-winning service to save money on their energy bills and tap into new revenue streams, all whilst being kinder to the environment.”
“We currently focus on the installation and maintenance of commercial-scale solar PV and biomass technology but this investment will also enable us to bring forward our energy monitoring and coaching service. It is fantastic to be working with such a forward thinking partner in Inabata and to able to build a sustainable business here that will grow in the years to come to be the clean-tech energy company of choice in the UK by 2025.”