CLEAN GROWTH FUND LEADS £2.4M INVESTMENT IN ABOVE SOLAR TECHNOLOGY – pv magazine International

The Clean Growth Fund, the UK venture capital fund, has led a £2.4m investment in Above, a global leader in solar data and analytics. Above is revolutionizing the solar industry, developing software, digital models and AI to help generate more solar power from data.

CLEAN GROWTH FUND LEADS £2.4m INVESTMENT

IN SOLAR TECHNOLOGY COMPANY ABOVE

  • The above technologies improve the design, construction and overall management of solar power plants
  • Investment will make Above a global leader in solar power plant data and analytics
  • First investment in solar technology by Clean Growth Fund

The Clean Growth Fund, the UK venture capital fund, has led a £2.4m investment in Above, a global leader in solar data and analytics. Above is revolutionizing the solar industry, developing software, digital models and AI to help generate more solar power from data.

Above, founded in 2016, has worked on over 2,500 solar assets and supports clients on six continents. It works with many of the world’s largest solar energy companies to provide solar power plant data and analysis through its interactive web-based platform, SolarGain. The company’s technology digitizes solar assets, thereby optimizing the operational efficiency and performance of ground- and rooftop-mounted solar PV assets.

In addition to data analytics and AI, Above provides its customers with a suite of data solutions that help solar companies design, build and manage better and more efficient solar power plants. His work includes solutions for aerial topographic mapping, construction management and inspection of solar power plants.

This is the Clean Growth Fund’s first investment in the UK solar industry. The Clean Growth Fund was established in 2020 to invest in the UK’s most promising ‘clean growth’ technology companies.

Susannah McClintock, Chief Investment Officer at Clean Growth Fund: “With an established presence in the global solar industry, Above is in a strong position to expand and grow its operations. With the deployment of a predicted global increase of 165 GW of solar power each year over the next three years, the effectiveness of asset condition monitoring and maintenance becomes increasingly important to industry to increase performance factors. Above’s growth prospects are exciting.

Will Hitchcock, Founder and Managing Director of Above Surveying, said: “We are delighted that the Clean Growth Fund has chosen to invest in our business; it underscores our confidence in our innovation and our vision of how technology will transform the global solar industry. We are at the heart of the ongoing digital transformation within a rapidly growing industry, a transformation that is essential to ensure the rapid and sustainable deployment of solar across the globe.

Jeremy Elden, President of Above since 2020, said, “The consistent success of Will and his team at Above over the past five years has been most impressive. This significant investment from the Clean Growth Fund and support from existing Above investors will enable the company’s cutting-edge technologies to be offered to solar and related service companies in many other key markets. The company remains true to its vision of becoming the leader in solar software. »

As part of this funding round, Jeremy Elden made an additional investment in the company.

For this transaction, Shoosmiths lawyers acted for the Clean Growth Fund. Birketts acted for Above.

For more information:

Clean Growth Fund (www.cleangrowthfund.com)

Susannah McClintock, Chief Investment Officer: [email protected]

Beverley Gower-Jones, Managing Partner: [email protected]

Paul Taylor, Taylor Keogh Communications: +44 (0)7966 782611 / [email protected]

Miranda Barham, Taylor Keogh Communications: +44 (0)7899 030304

Above (www.abovesurveying.com)

Will Hitchcock, CEO: [email protected]

Peregrine Fraser, CCO: [email protected]

Sarah Jacobs, marketing coordinator: +44 (0)1206 483 043 / +44 (0)7708 045 470 / [email protected]

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