Funding boost fuels growth for Green Power Solutions

A South West-based company is set to expand its operations and drive innovation in sustainable energy management with new funding support.

Green Power Solutions, based in Truro, has secured £175,000 from the British Business Bank’s South West Investment Fund, managed by The FSE Group, as part of a £300,000 funding round.

The company specialises in an advanced energy management platform designed to optimise off-grid power operations reliant on diesel generators, addressing key challenges such as maintenance, downtime and CO2 emissions. The platform integrates seamlessly with existing hardware, providing real-time alerts and analytics for energy monitoring and adjustments, reducing costs and streamlining compliance.

Bosses at Green Power Solutions say they will use the funding to “enhance software capabilities” and “expand market reach”, as the company looks to build capacity across sales, customer service and in-house development, enabling it to strengthen relationships with major hardware manufacturers.

Sam Taylor, chief executive of Green Power Solutions, said: “This funding will allow us to further enhance our software capabilities and expand our market reach, ensuring we are well-equipped to meet our ambitious targets and provide innovative and sustainable solutions for a wide range of industries.

“We are thrilled to receive support from South West Investment Fund and look forward to working with The FSE Group as we grow.”

Anna Staevska, investment manager at The FSE Group, added: “Green Power Solutions has demonstrated a proven market fit with its innovative software platform.

“The company’s strong customer base, robust distribution agreements, and motivated management team make it a compelling investment opportunity.

“We believe the business has the potential to deliver a significant return on investment, and we are excited to support them on this journey.”

The South West Investment Fund aims to foster sustainable growth by providing diverse financial support to support innovation and create local opportunity for new and growing businesses across the region. It offers a range of commercial finance options with smaller loans from £25,000 to £100,000, debt finance from £100,000 to £2 million and equity investment up to £5 million.

Paul Jones, senior investment manager regional funds at British Business Bank, added: “Green Power Solutions is at the forefront of sustainable innovation, transforming energy management practices to reduce cost and emissions for industries relying on off-grid power.

“We’re pleased that the latest funding through the South West Investment Fund will help the company position itself to build capacity as it embarks on this next phase of growth.”

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