Climate Change Capital Private Equity invests €8m into NEURA GmbH,
a leading high performance heat pump manufacturer
Climate Change Capital Private Equity (CPE), a €200 million fund dedicated to investments in clean technology companies has invested €8m in NEURA GmbH, an Austrian renewable technology company focused on manufacturing smartgrid enabled, high performance heat pumps for both the residential and commercial sectors.
Currently NEURA manufactures some of the most sophisticated, technically advanced and efficient heat pumps in the world. They offer 15-20% greater efficiency than their nearest rivals, are smaller, easier and faster to install and offer the only smart-grid enabled operating system currently available in the market. This investment by CPE will support NEURA’s vision of becoming Europe’s leading high performance heat pump manufacturer transforming the company’s current technology leadership into market leadership.
Bruno Derungs, founding partner of CPE, who will be joining the board of NEURA said: “We have been researching the heat pump market extensively and found that NEURA not only provides a full range of world class heat pumps, but has also produced the only heat pump that is fully smart-grid enabled, offering unique functionality for utilities to build virtual power plants.”
Hannes Jakob, Chief Executive Officer of NEURA GmbH commented: “We are delighted that such a well-regarded, experienced, knowledgeable and well-connected cleantech investor such as CPE is investing in NEURA and we look forward to building the company’s vision in partnership with CPE. CPE has decided to invest in NEURA after a thorough investigation of our business strategy, technology and product roadmap, management team and future prospects. This funding round gives us the resources we need to promote NEURA’s offering as the product of choice for performance conscious customers across Europe.”
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Climate Change Capital Ltd
Tel: +44 20 7939 5319
Tel : +43 7672 25423
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NOTES TO EDITORS
About Climate Change Capital Private Equity (www.climatechangecapital.com)
Climate Change Capital Private Equity (CPE) is a €200 million European private equity fund that invests expansion capital in high growth, later stage companies and buy-outs in the areas of clean power, clean transport, energy efficiency, waste recovery and water. CPE is backed by leading institutional investors including Alpinvest, Robeco and Universities Superannuation Scheme.
CPE is part of Climate Change Capital (CCC), an investment manager and advisory group specialising in the opportunities generated by the global transition to a low carbon economy. CCC's Asset Management business manages funds with commitments in excess of €1.0 billion as of December 2010. The Group’s funds invest in companies, projects and services that contribute to climate change mitigation or adaptation.
For more information, please visit www.climatechangecapital.com.
About NEURA GmbH (www.neura.at)
NEURA Smart Energy Systems is a leading European renewable energy technology company that designs, manufactures and supplies class leading heat pump systems and associated software. NEURA has built a reputation of excellence and innovation over the last 30 years and today offers the most sophisticated, technically advanced and efficient heat pumps in the world.
NEURA’s heat pumps offer 15-20% greater efficiency than its nearest rivals, are smaller, 3 times faster to install and offer WEBDIALOG® operating systems that enable customers to manage and control the heating of their homes from the internet or a smart phone. To date the company has sold over 10,000 heating systems.