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The funding will help Albotherm tackle climate change by fuelling the development of its Variable Shading System, a glass coating technology that regulates temperature without energy input.
The coating reflects sunlight and reduces the energy required to cool agricultural, domestic and commercial buildings, which is predicted to account for 13% of global energy by 2050.
TLT has a long history of supporting the clean energy and clean tech industries, helping businesses to establish and grow and acting at the forefront of this burgeoning market.
Molly Allington, CEO and co-founder of Albotherm, says:
“Two of the biggest climate challenges facing us today are securing food supply and lowering carbon emissions. We’ve developed our technologies to help combat both of these challenges by improving crop yields and minimising the amount of wasted energy in buildings.
“It’s great to find environmentally conscious investors that understand the potential of our technology, and it was great to work with TLT who also share our commitment to reducing carbon emissions. We are grateful for their market-leading knowledge and expertise, which sculpted our strategy throughout the investment process.”
Matthew Howells, corporate solicitor at TLT, says:
“We are excited to have had the opportunity to support such an excellent business during a period of significant growth for it and the sector, at a time when green tech is at the forefront of the investment landscape”.
“It matters to us that we’re able to support businesses with their aspirations to build a greener economy, and we look forward to seeing Albotherm grow as it continues to go from strength to strength.”
21 April 2021