£5 Million Financing Package for Lancashire Green Energy Solutions Company Triggers Expansion: 10 New Jobs Created over the Next 3 Years
A Lancashire-based green energy solutions company will create 10 new jobs over the next three years.
The expansion at Airis Energy Solutions has been triggered by a £5 million finance package from a Swiss investment fund specialising in energy efficiency.
Formed over 20 years ago, Airis employs over 20 managers, administrators, installers and engineers who transform UK businesses, schools and hospitals with high performance LED lighting, electric vehicle charging points, solar carports and more.
The company blends the latest technology to deliver energy efficiency projects that reduce carbon emissions.
Airis managing director Damien Fryer said: “The finance is great news. It represents a significant endorsement of our approach and achievements so far. It also acknowledges our potential for an exciting future.
“A lot hinges on our ability to offer a wide range of green energy solutions on a unique zero capital expenditure basis. That makes a massive difference to the savings we pass on to clients. Now, thanks to this new finance, even more UK businesses, schools and hospitals than ever before will become energy efficient at a lower cost.”
Airis director Ben Duffield, adds: “It’s no secret, we’re living through a unique period in everyone’s lives. Our environment and saving money have been brought into sharp focus. It’s at that intersection – that sweet spot – where, with the help of the new finance package, we will continue to create the most value for our customers.”
The fund providing the financing package is operated by SUSI Partners. The SUSI Energy Efficiency Fund (SEEF II) was launched to help private businesses adopt new technologies that focus on the objectives of the Paris Climate Agreement.
The SEEF II-financed projects are already complete. They deliver annual energy savings over 60% and combined emission reductions of more than 1,400 Tonnes of CO2 per annum.
Airis data reveals that, over 10 years, they can achieve typical CO2 emissions savings for each client of over 50,000 KgC02. That’s equivalent to the CO2 sequestered by 222 trees over the same period.
The whole transaction was supported by the law firm Eversheds Sutherland, with a special thanks to Caroline Clapham, partner at Eversheds’ London office and by Grant Greatrex, Managing Partner of MaC Group, as transaction advisor.