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Cepro raises over £600,000 to build net zero energy communities

On the back of successfully delivering its first two community microgrids, Cepro, the Bristol-based smart energy company has exceeded its £600,000 fund raise target to further transform domestic energy infrastructure.

Cepro announced it has secured funding of over £600,000. The raise was led by James Hall-Smith and Harry Seekings, experienced infrastructure investors and former principals at InfraRed Capital Partners. As part of the investment, both have joined the board as Directors, with James appointed as Chair.

"Securing significant investment means Cepro is now perfectly poised to help drive the UK’s domestic energy transition from a legacy, top-down grid to a digital, bottom-up network,” said Damon Rand, Co-Founder and Head of Product at Cepro. “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."

“The investment will help Cepro to expand its platform and accelerate growth, building on its unique experience of having successfully delivered the UK’s largest domestic microgrid,” says Harry Seekings. James Hall-Smith adds “Cepro is at the vanguard of tackling one of the most difficult aspects of the energy transition in the UK, the decarbonisation of home energy consumption, and the opportunity to make a real difference in this market was too good to miss.”

This seed funding will be used to further their vision of affordable, clean and sustainable energy for every community. Specifically, the seed funding will be used in three areas:

  • Customer experience. Further developing microgrid technology that fuses innovative design with an intuitive customer interface, turning complex energy systems into user-friendly solutions.
  • Mass adoption of new-build community microgrids. Expanding our footprint in the UK's construction industry with an ambitious lineup of new-build projects, aiming to propel the microgrid concept into mainstream housing.
  • Electrifying neighbourhoods. Enabling the integration of advanced microgrid technology into existing homes, making clean, efficient energy accessible to all.