April 14, 2021
PDENH is participating in a working capital financing for Triple Solar. Thanks to financing from PDENH, DOEN Participaties, Enfuro Ventures, and Rabobank, Triple Solar has raised 1,200,000 euros in working capital. Triple Solar is a fast-growing scale-up in the energy transition; the company develops heat pump systems using PVT panels as an energy source. Read all about it in the press release below.
– press release –
Triple Solar raises €1.2 million
Thanks to financing from PDENH, DOEN Participaties, Enfuro Ventures, and Rabobank, Triple Solar has raised 1,200,000 euros in working capital. Triple Solar is a fast-growing scale-up in the energy transition. The company develops heat pump systems using PVT panels as an energy source. Triple Solar will use the capital to scale up their activities in large-scale new construction projects in the Netherlands, Germany, Belgium, and the United Kingdom.
The Triple Solar® system is an efficient alternative to heat pumps that use expensive ground sources or noisy outdoor units. With its innovative heat pump systems, Triple Solar makes a significant contribution to the energy transition. The Amsterdam-based company applies this system in both new construction and existing buildings.
Cees Mager, CEO at Triple Solar:
“This working capital financing makes it possible to expand the growth we have initiated. Standing still is going backward. Millions of homes still need to be made sustainable in the coming 30 years, which is why growth capital for innovative companies is essential.”
Anthony Viellevoije, Investment Director at PDENH:
“We are extremely proud of Triple Solar’s success and have full confidence in the team and the innovative system that has now clearly proven itself. We are therefore pleased to contribute to this financing. The ‘gas-free solution’ offered by Triple Solar fits seamlessly into our sustainable ambition.”
Merijn ten Thije, Investment Manager at DOEN Participaties:
“DOEN Participaties finances sustainable startups and scale-ups that make an impact with CO2 reduction. A key focus for DOEN is that the energy transition is accessible to everyone. Because Triple Solar’s products are also suitable for private individuals and tenants of housing associations, Triple Solar fits very well with our ambitions.”
Erik Schut, co-founder of Enfuro Ventures:
“The Triple Solar team has done fantastic work over the past few years. The company has developed from an innovative startup into a successful scale-up that makes a significant contribution to the energy transition. We are proud to be able to make this contribution to accelerating Triple Solar’s growth.”
Pieter Mullink, Account Manager Rabobank Amsterdam:
“Triple Solar is an innovative developer of energy systems with which they provide homes with heat, hot water, and electricity so that they can go completely gas-free. They distinguish themselves with their technology and experience. Rabobank has long been a partner of Triple Solar and is proud to support them in their important work and rapid growth.”
About Triple Solar:
Triple Solar’s mission is to achieve maximum impact in reducing CO2 emissions when heating homes. In addition, Triple Solar wants to make the energetic sustainability of houses accessible to a wide audience. This translates into developing smart solutions in the field of sustainable energy. The requirement set here is that the products are produced sustainably, are fully recyclable, and have no environmental impact during production and use. Our products are produced in the Netherlands, and the components used are made within Europe.
About Enfuro Ventures:
Enfuro Ventures invests in startups focusing on the energy transition. Enfuro was founded by successful entrepreneurs Erik Schut and Ruud Rijbroek. They strongly believe in entrepreneurial, decisive teams, in innovation, and in positive change.
About PDENH:
The Sustainable Economy Participation Fund North Holland (PDENH) is an investment fund for established and starting companies and projects focusing on energy transition, sustainable mobility, and circular economy. These are companies that contribute to the sustainable economy in North Holland. The fund was established and financed by the Province of North Holland and is managed by KplusV and StartGreen Capital.
About DOEN Participaties:
DOEN Participaties has the ambition to make the world more sustainable and social by supporting starting entrepreneurs with that mission. Impact is central to all investments. Over the past 25 years, DOEN Participaties has grown into the largest impact investor for sustainable and social startups in the Netherlands. DOEN Participaties is wholly owned and managed by Stichting DOEN, the fund of the Postcode Loterij. For more information, see www.doenparticipaties.nl
Read the full press release here.
