Hybrid Energy Solutions Limited, a Kilkenny, EIRE-based specialist provider of hybrid renewable energy systems, has raised €800k in funding.
Investors include the Bank of Ireland Seed and Early Stage Equity Fund (€500k) and Simple.ie Green BES Fund.
Hybrid Energy intends to use the capital to grow internationally.
Led by CEO and founder Nick McGrath, the company focuses on providing power solutions for off-grid telecommunications base stations worldwide. Hybrid Energy’s solution includes DC Generators, Solar Panels and Wind Turbines and has applications in telecommunications, automotive, military, oil and gas, residential and marine.
The company, whose customers include Meteor, Telefonica, O2, British Telecom and Cinergy, has representative offices in Dublin and Dubai.