News
Edinburgh University spinout Exergy3 raises £10m to turn wasted wind power into industrial heat
Exergy3 has closed a £10m seed round to commercialise technology that converts curtailed renewable electricity into high-temperature heat for industrial use, tackling grid waste and factory emissions in one go.
The Edinburgh University spinout has developed modular thermal energy storage units that take surplus power, such as wind generation the grid cannot absorb in real time, and deliver process heat at temperatures ranging from 50°C to 1,200°C.
Source: UK Investor Magazine
Edinburgh spin-out SeaWarm secures funding
University of Edinburgh spin-out SeaWarm has secured £550,000 to roll out its renewable heating system across Scottish communities.
The investment includes £250,000 from angel investment syndicate Equity Gap, £250,000 from development agency Scottish Enterprise and £50,000 from University of Edinburgh in-house venture fund Old College Capital.
Source: Business Insider
Renewables training scheme targets ex-military
Partnership with the Ministry of Defence’s Enhanced Learning Credits Scheme aims to fill skills gap.
The Energy Training Academy (ETA) is stepping up its bid to close the renewables skills gap by offering Scotland’s first direct route to becoming a low carbon heating engineer.
Source: Business Insider