What is Think Renewable?
Think Renewable focuses on providing comprehensive biomass boiler solutions, encompassing installation, servicing, and long-term maintenance for a period of up to 20 years. A key aspect of their service offering includes navigating the complex process of Renewable Heat Incentive (RHI) applications, ensuring compliance with relevant legislation and facilitating smooth project execution. The company's innovative 'Free Biomass Boiler Scheme' eliminates upfront capital expenditure for clients, as demonstrated by a successful implementation at Huddersfield Golf Club. This initiative resulted in a 50% fuel saving for the club, highlighting Think Renewable's ability to deliver substantial cost efficiencies and environmental benefits through bespoke biomass heating systems, even within historically sensitive locations.
How much funding has Think Renewable raised?
Think Renewable has raised a total of $8.3M across 1 funding round:
Debt
$8.3M
Debt (2014): $8.3M, investors not publicly disclosed
What's next for Think Renewable?
With the infusion of $8.3M and a recent $8.3M strategic investment, Think Renewable is poised for significant expansion. The enterprise-level capital is anticipated to accelerate the deployment of their 'Free Biomass Boiler Scheme' across a wider customer base, potentially targeting commercial and industrial sectors seeking to transition to sustainable energy sources. Further investment will likely support enhancements in their service infrastructure, R&D for more efficient boiler technologies, and broader geographical market penetration. The company's proven track record in delivering cost savings and environmental benefits positions it favorably to capitalize on increasing demand for renewable energy solutions and government incentives.
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