12 October 2023

Myenergi secures £30m from Energy Impact Partners to fuel international growth.

Energy Impact Partners led the funding round to support product development and international expansion.

£30.0M

Myenergi manufactures eco-smart home energy technologies including electric vehicle chargers, power diverters and smart batteries. The company focuses on making the transition to renewable energy simple for consumers.

British smart home energy manufacturer myenergi has secured £30m in equity investment from Energy Impact Partners. The capital will support international expansion, product development and grid services innovation. This transaction follows a separate £30m debt financing agreement with HSBC earlier in the year.

Energy Impact Partners led the funding round, which will also see Nazo Moosa join the company board alongside Sir Terry Leahy and Peter Richardson. The funds are earmarked to scale service operations and broaden the firm's range of domestic energy management solutions.

From the founder

"We are delighted to have found an investor in EIP that truly understands our purpose, mission, vision and values. With the team’s extensive support, we will be able to further expand the products and services offered within our home energy ecosystem, making our solutions available to even more consumers worldwide. The investment will help to deliver our next generation of product development and innovation, including our planned growth in grid services – such as demand side response, allowing us to better support our customers in undertaking their own home energy transition. We will also be investing in service excellence to ensure that our customers benefit from the best frontline support."

Lee Sutton

Co-founder at myenergi

Investor perspective

"Transportation is responsible for nearly a quarter of the global energy related CO2 and road transport makes up the lion’s share of it. EIP targets the largest sources of greenhouse gas emissions,"

Nazo Moosa

Managing Partner, EIP Europe, Energy Impact Partners