A Newcastle-based renewable energy business, which specialises in commercial solar products, has secured a ‘transformative’ investment, enabling it to accelerate its growth.
CrowdHouse Energy (CHE) landed the funding from NPIF II – NEL Debt Finance, managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).
The company provides comprehensive renewable energy generation services encompassing in-house design, consultancy, installation, and ongoing maintenance.
The investment will allow CHE to capitalise on the growing demand for green energy by growing its team and strengthening operations.
It has also allowed the business to bring in an Olympus CNC machine and Elumatec DG79 double mitre saw to fully equip its Scotswood Road manufacturing facility – advancements which are instrumental in enhancing CHE’s production capabilities and supporting the company’s commitment to sustainability and innovation.
CHE chief executive Richard Blackwell said: “NEL’s investment has been pivotal for CrowdHouse Energy. Their support has been outstanding, providing clear guidance, structure, and an outside perspective that has helped us make better decisions as we scale.
“Beyond funding, NEL has strengthened our confidence to invest in key areas, improve operations, and continue delivering high-quality projects, putting us in a strong position for sustainable growth.”
Jane Siddle, NEL Investment Executive, added: “Our investment is a clear endorsement of CHE’s vision and their steadfast dedication to advancing exceptional renewable energy projects. CHE plays an instrumental role in driving the North East towards a sustainable, net zero future.
“We are genuinely delighted to support CHE as they further develop their manufacturing abilities and continue to introduce cutting-edge solutions in commercial solar technology.”
Sarah Newbould, senior investment manager at the British Business Bank, said: “Through the Northern Powerhouse Investment Fund II, we are proud to support businesses like CrowdHouse Energy that are aligned with the Government’s Industrial Strategy, creating highly-skilled jobs, driving regional economic growth and playing a vital role in the UK’s transition to a net zero economy.”
