Imperative Energy Receives Investment
Imperative Energy, a Sandbach, Cheshire, UK-based provider of biomass heat and power solutions, has secured funding.
Backers include the North West Fund for Energy and Environmental (NWF4EE) and the Environmental Infrastructure Development Company (EIDC). NWF4EE will take a minority stake in the company and will support its development, on the back of the Renewable Heat Incentive and the Renewable Obligation Act.
Imperative Energy plans to deploy over £200m in building biomass heat and Combined Heat and Power plants throughout the region over the coming few years.
The company, which intends to recruit up to 30 new staff in the coming years, alrerady has opened three new vacancies in its sales and servicing departments.
Founded in 2007 in Co Kildare, Ireland, and led by managing director Joe O’Carroll, Imperative Energy supplies of bioenergy solutions (heat, steam and power) to the industrial, commercial and public sectors across the UK and Ireland. following the investment, the company will move its headquarters to an existing site in Sandbach.
In conjunction with the investment, Ed Simpson, investment director, from CT Investment Partners, and Peter Bachmann, partner, from EIDC, have joined the company’s board.