Energy technology firm Sero has been given a multi-million-pound cash injection to develop products and services to help landlords and building societies provide low carbon solutions for new-build and existing homes.
Cardiff-based Sero aims to create more net zero homes throughout the UK using a £5.5 million investment from Legal & General Capital and Hodge, a specialist in mortgages, commercial finance and savings.
It currently has links with 30 social landlords but has anambition to work with private landlords – both individuals and institutions – in the near future.
To achieve the UK’s target of net zero by 2050, almost every home will need to be improved or retrofitted with a combination of enhanced energy efficiency and low carbon heating, according to Sero, which has forged relationships within the housing sector, creating tailored net-zero energy retrofit plans for homes.
CEO James Williams (main pic centre, under letter ‘R’) says improving the energy efficiency of the UK’s homes can provide long term economic benefit and comfort to residents, as well as reducing carbon emissions.
He adds: “This investment is a huge milestone for Sero as we grow and bring new products to market to help the UK in its delivery of net-zero.
“We look forward to now working together to create strategic opportunities for the business, in particular expanding our presence within new and emerging sectors, such as working with banks and building societies to support the development of green finance products.”
Later this spring, Sero will launch its Building Passport, a digital app that gives homeowners a better understanding of the carbon footprint of their home and how they can make it more energy efficient, tracking its progress.