Voltan Power, a Finnish firm specializing in ground-source geothermal warmth methods, has secured funding from Kiilto Ventures.
Helsinki-based Voltan Power / Voltan Lähienergia Oy has secured progress funding from Kiilto Ventures, offering capital infusion for the agency to construct extra and bigger power options in key market areas. Funds may even be allotted to strengthen the agency’s operational and gross sales groups.
Based by Richard Cawén and Miikka Lemmetty, Voltan Power is an organization that designs, constructs, funds, and operates ground-source warmth methods for giant properties. Voltan gives its companies to development firms, builders, actual property buyers and housing associations.
By way of its dedication to sustainability and customer-centricity, Voltan is collaborating within the development of a carbon-neutral society for future generations.
“We’re excited to have Kiilto Ventures as a robust backer. We share the identical ardour for making the constructed atmosphere higher for everyone, at this time and within the long-term future. Like Kiilto, we need to be right here to remain and ultimately attain a 100-year outdated historical past,” mentioned Miikka Lemmetty.
The Finnish district heating market
Immediately, district heating is the biggest supply of emissions in lots of Finnish giant cities. For instance, about 60% of Helsinki’s direct carbon dioxide emissions originate from the manufacturing of district heating. As a result of chilly local weather, the warmth demand is appreciable.
Since 2010, district heating costs in Finland have elevated over 70 %, translating into larger prices of residing for house constructing residents and house owners. As well as, there lacks a correct incentive or potential for these customers to take a position themselves into renewable power sources, which require heavy upfront prices.
By working with main development firms like YIT, Voltan Power can facilitate the event of inexperienced infrastructure and supply long-term operation and optimization for giant residential buildings.
“With this funding spherical, we’re capable of speed up the enlargement and scaling of power options for the constructed atmosphere. Proper now, we’ve been commissioned for over 30 websites” says Richard Cawén.
“We put money into progressive firms which have the potential to make sure a sustainable future for the constructed atmosphere, and power options have a big impression on that. The geothermal financing and go-to-market mannequin supplied by Volta Native Power has the potential for constructive change, because it allows the discount of emissions from power use within the constructed atmosphere and improves the person expertise. As well as, the mannequin may be additional developed, for instance, with the assistance of technical improvements”, says Matti Rönkkö, Head of Kiilto Ventures.
“The corporate’s founders, Miika and Richard, have appreciable expertise within the power sector and within the improvement of progressive enterprise fashions. We consider that Voltan’s workforce has the conditions to create a big constructive impression in new and renovation development via each scaling experience and innovation,” provides Matti.
Supply: Kiilto Ventures through Cision