Extreme low energy launched with a £50,000 Start-up loan secured through the Chamber of Commerce in 2014. Founded by experienced entrepreneur and investor Mark Buchanan, Mark recognised that while power supply is globally standardised on Alternative Current (AC) transmission, many of today’s everyday electrical products such as computers and air-conditioning run on DC power and as a result, require bulky, inefficient, energy wasting transformers.
Identifying the potential energy and carbon savings that could be achieved by eliminating the wasteful AC/DC conversion process, Mark created a ground-breaking patented DC power infrastructure and is working on various ultra-low power DC devices. The business’ DC power infrastructure technology typically runs on 50-70% less energy than existing AC alternatives.
The company aims to expand into a broader range of markets, including monitoring security systems, computer servers, crops grown under LED lights and power infrastructure in developing countries.
The funding will enable the firm to double its staff numbers in the next 12 months, expand its range of applications for the technology, which include powering infrastructure, monitoring and security systems and applications within crop growing industries, and create a dedicated research and development function to accelerate the delivery of the new products.
Could NPIF Maven Equity Finance help fund your growth journey?
If you’re running a business that’s looking to grow, we’d love to hear from you. Feel free to give us a call to find out more about our flexible funding solutions:
0191 731 8595
