Project Zeus was born with the purpose of creating an harmony between energy supply and energy efficiency services. Their aim is to significantly reduce energy consumption for specific high use sectors by between 30% and 50%.
The ethos behind OPEN Cleantech is to invest in and back companies within the cleantech industry – but what exactly is cleantech?
The meaning of the term has change slightly since it was first coined by the financial industry. It is often now used interchangeably with the words greentech and envirotech as an umbrella term that covers not just an investment asset class but also technology and business sectors including clean energy and environmentally sustainable 'green' products and services.
OPEN Cleantech is delighted to see the latest news from The Committee on Climate Change (CCC) validating our belief in the all-round benefits of the cleantech and renewable energy industry. This week they announced that efforts to hit carbon emission targets in the power sector have already saved consumers money.
CCC has pointed out that while implementing low-carbon policies such as encouraging wind, solar and nuclear power has added about £100 to the average annual UK dual-fuel bill, energy efficiency measures have at the same time reduced the typical bill by £290 a year.
OPEN's UK Managing Director, Nick Rickard met recently with Clean Energy Pipeline to give the following interview:
UK-based clean tech and energy financier OPEN Cleantech Income Securities DAC (OPEN). will launch this month a new Eur500 million bond and a Eur25 million private equity fund, managing director Nick Rickard, told CEP.