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Bristol energy firm Cepro raises 拢600k to develop community 鈥榤icrogrids鈥�

The small-scale electricity grids are designed to be a self-sufficient source of power to a local network of properties - reducing reliance on the National Grid

Cepro's leadership team shake hands on the energy company's newly secured investment(Image: Cepro)

A Bristol-based company has secured more than £600,000 to continue its efforts to “transform” domestic energy infrastructure using community ‘microgrids’.

Cepro, formerly known as Clean Energy Prospector, funds and builds small-scale electricity grids, which are designed to be a self-sufficient source of power to a local network of properties, reducing reliance on the National Grid.

So far the company has delivered two ‘microgrids’, the 33-home, net zero Waterlilies housing development in Lawrence Weston in Bristol and the Hazelmead project in Bridport in Dorset - which Cepro says is the largest community microgrid in the 海角视频.

Cepro has said it has now exceeded its £600,000 target for its latest seed funding round. The raise was led by infrastructure investors James Hall-Smith and Harry Seekings, formerly principals at InfraRed Capital Partners. As part of the investment, both have joined Cepro’s board with Mr Hall-Smith appointed as chair.

The company said it would use the funding to further develop microgrid designs and expanding its footprint in the construction industry with an “ambitious” set of new-build projects, as the firm looks to propel the microgrid concept into mainstream housing.

Damon Rand, co-founder and head of product at Cepro, said: "Securing significant investment means Cepro is now perfectly poised to help drive the 海角视频’s domestic energy transition from a legacy, top-down grid to a digital, bottom-up network.

“The advent of millions of devices operating in a decentralised, interlinked fashion is a transformational shift in the energy sector creating an unparalleled opportunity for new digital approaches to reimagine and revolutionise how we generate, distribute, and consume energy. Cepro is excited to be leading this change"

Mr Hall-Smith added: “Cepro is at the vanguard of tackling one of the most difficult aspects of the energy transition in the 海角视频, the decarbonisation of home energy consumption, and the opportunity to make a real difference in this market was too good to miss.”