A Truro-based provider of energy management solutions has secured £175,000 equity from the British Business Bank's South West Investment Fund via appointed fund manager, The FSE Group, as part of a £300,000 funding round.

Green Power Solutions has developed an advanced energy management platform that addresses key challenges faced by industries relying on off-grid power solutions. These sites heavily rely on assets powered by diesel generators, which present issues such as maintenance, downtime, and CO2 emissions tracking.

The company’s software integrates seamlessly with existing hardware, giving clients the ability to monitor, manage, and optimise their entire operations remotely. Providing real-time alerts and centralised energy management, Green Power Solutions offers a more sustainable solution with advanced analytics and real-time energy adjustments that reduce maintenance costs and streamline compliance.

Sam Taylor, CEO of Green Power Solutions, said: “This funding will allow us to further enhance our software capabilities and expand our market reach, ensuring we are well-equipped to meet our ambitious targets and provide innovative and sustainable solutions for a wide range of industries. We are thrilled to receive support from South West Investment Fund and look forward to working with The FSE Group as we grow.”

Anna Staevska, Investment Manager at The FSE Group, commented: “Green Power Solutions has demonstrated a proven market fit with its innovative software platform. The company's strong customer base, robust distribution agreements, and motivated management team make it a compelling investment opportunity. We believe the business has the potential to deliver a significant return on investment, and we are excited to support them on this journey.”

Green Power Solutions will use the funding to build capacity across sales, customer service and in-house development. With a strong pipeline of potential customers and established relationships with major hardware manufacturers, the company aims to become a leading name in the performance monitoring of off-grid assets.

Paul Jones, British Business Bank said: “Green Power Solutions is at the forefront of sustainable innovation, transforming energy management practices to reduce cost and emissions for industries relying on off-grid power. We’re pleased that the latest funding through the South West Investment Fund will help the company position itself to build capacity as it embarks on this next phase of growth.”

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. The Fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.