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🔥 Heat wave: ZCC invests in Aed Energy

  • Writer: Alex Gawley
    Alex Gawley
  • Apr 16, 2024
  • 2 min read

We are thrilled to announce our investment in Aed Energy, a long-duration energy storage company combining cost-effective thermal storage with state-of-the-art photovoltaics to build super-cheap, modular electricity storage. 


As we’ve said before, for intermittent renewable energy to deliver the majority of our electricity needs we will require the addition of significant long-duration storage to our electricity system. Some of that storage will be added at the grid level, some will sit in front of renewable generation, some will sit with end-users and some will support the operation of micro-grids. Microgrids are sites that are not connected to the grid but have a need for electricity - sometimes industrial sites in remote locations, sometimes like hospitals because they wish to be self-sufficient from flaky national infrastructure and sometimes just because there is no grid! There are a huge number of micro-grids today - the market for microgrids in 2023 was over $30bn. We believe there will be many more as we see industrial growth in developing countries and the 700m people living without electricity today come online.


Aed Energy’s low cost, modular solution, when paired with solar or wind generation, is an ideal candidate to enable these many micro-grids to access consistent, cheap 24/7 electricity. Because not all of the heat energy from Aed Energy’s battery can be turned into electricity, these sites get access to high-temperature heat energy too, useful for industrial heat or district heating. A two-for-one deal!


Rayan, Oliver and Mike are an incredible team with deep expertise in heat management, photovoltaics and renewable energy deployment - the perfect combination to develop and commercialise this technology. We’ve been so impressed with them throughout the investment process and are excited to deepen our partnership after closing the round. Alex from the ZCC team will be joining their board.



The Aed Energy founding team
The Aed Energy team


We think there are lots of opportunities in this long duration energy storage space, both for heat and electricity across sites with highly variable characteristics, and we are super excited to be making our first investment here with Aed Energy.

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Risk to Capital

 

Investing in start-ups and early-stage companies involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. There is no assurance that the investment objectives of any investment opportunity will be achieved or that the strategies and methods described herein will be successful. Past performance is not necessarily a guide to future performance and the value of an investment may go down as well as up.

 

The investments which we promote are targeted exclusively at investors who understand the risks of investing in early-stage businesses and can make their own investment decisions. Any pitches for investment are not offers to the public and investments can only be made through Sapphire Capital Partners LLP as the fund manager. Neither Zero Carbon Capital Limited, Sapphire Capital Partners LLP nor any of their members, directors or employees provide any financial, legal or tax advice in relation to the investments and investors are recommended to seek independent advice before committing or if they have any doubts as to the appropriateness or suitability of such an investment in relation to their specific circumstances.

 

Zero Carbon Capital Limited is a private limited company registered in England and Wales with registration number 12028532. Registered office: Station House, North Street, Havant, England, PO9 1QU.

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Zero Carbon Capital Limited (FRN: 916588) is an appointed representative of Sapphire Capital Partners LLP (FRN: 565716), who are authorised and regulated by the Financial Conduct Authority.

Investments made in investee companies via alternative investment funds may be covered by the Financial Services Compensation Scheme (FSCS). For more details, please contact us or refer to their website: https://www.fscs.org.uk.

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