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ETF Invests Over $7 Million in Cleantech Newbie 4Energy Ltd.
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June 14, 2011

ETF Invests Over $7 Million in Cleantech Newbie 4Energy Ltd.

By Cheryl Kaften
TMCnet Contributor

Environmental Technologies Fund (ETF) has completed a $7.14 million investment into 4energy Ltd., a six-year-old cleantech company. GP Bullhound,LLP., a London-based boutique investment bank, acted as the exclusive financial advisor to 4energy on the funding round. The investment is to be used to support the company in its rapid international expansion.

ETF, based in London, invests in, “those technologies that can enable our existing resources —not just energy, but also limited natural resources —to be used more efficiently,” according to its website. In May, ETF was among the participants in a funding round for Nujira, a UK-based developer of technology to reduce power consumption in smart phone transmitters.

Nottingham, UK-based 4energy provides low-energy cooling systems for data centers and telecommunications networks— which today represent around 30 percent of the total energy costs of wireless operators. The range of room cooling products and services 4energy has developed significantly reduce customers’ energy demands and also reduce the likelihood of systems failure due to heat.

"It has been a great experience to work with 4energy. The team has developed a truly impressive range of products providing significant benefits to customers. With ETF now joining as an investor, the company is poised to accelerate further its impressive growth path to become an industry leader in energy efficiency. From GP Bullhound's perspective, we continue to stay highly committed to the cleantech sector and to successful entrepreneurs," commented Frank Schmitt, Director of GP Bullhound.

Patrick Tindale, CEO of 4energy, says: “Today, cooling of electronic equipment requires a significant amount of energy.… Our systems move heat in an entirely new way and are proven to reduce the energy used in applications ranging from simple cabinets and single rooms, all the way up to server farms and data centers. We believe our solutions can make the biggest single difference in saving energy and reducing costs on these networks, and I am very pleased to have ETF on board to help us achieving our global ambitions”.

Rob Genieser, Partner of ETF, adds: “4energy has a great team, which works closely with customers to understand their equipment cooling needs and to provide the best solutions. 4energy offers innovative solutions for the cooling of data centers, where the cost of cooling a facility is often as much as the cost of powering the IT equipment it contains. 4energy has developed effective software for airflow modeling in data centers that enables the deployment of a suite of 4energy products that can achieve a 50 percent reduction in energy usage. This is a major development, and we believe 4energy is well placed to capitalize on the huge market opportunity in data center cooling.”

4energy existing investors include Carbon Trust Investments Limited (advised by CT Investment Partners LLP) and Catapult Growth Fund.  The company has completed installations for thousands of customers, including Vodafone UK, Molson Coors (UK), and Scottish Power Energy Networks.

For more information on 4energy Ltd., visit the company’s website.

Cheryl Kaften is an accomplished communicator who has written for consumer and corporate audiences. She has worked extensively for MasterCard (News - Alert) Worldwide, Philip Morris USA (Altria), and KPMG, and has consulted for Estee Lauder and the Philadelphia Inquirer Newspapers. To read more of her articles, please visit her columnist page.

Edited by Juliana Kenny

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