April 14, 2021

PDENH is participating in a working capital financing for Triple Solar. Thanks to financing from PDENH, DOEN Participaties, Enfuro Ventures and Rabobank, Triple Solar has raised 1,200,000 euros in working capital. Triple Solar is a fast-growing scale-up in the energy transition, the company develops heat pump systems with PVT panels as an energy source. Read all about it in the press release below.

- press release - 

Triple Solar raises € 1.2 million

Thanks to financing from PDENH, DOEN Participaties, Enfuro Ventures and Rabobank, Triple Solar has raised 1,200,000 euros in working capital. Triple Solar is a fast-growing scale-up in the energy transition. The company develops heat pump systems with PVT panels as an energy source. Triple Solar uses the capital to scale up their activities in large-scale new construction projects in the Netherlands, Germany, Belgium and the United Kingdom.

The Triple Solar® system is an economical alternative to heat pumps that use an expensive ground source or noisy outdoor units. Triple Solar makes an important contribution to the energy transition with its innovative heat pump systems. The Amsterdam company applies this system in both new and existing buildings.

Cees Mager, CEO at Triple Solar:
“This working capital financing makes it possible to expand the growth that has started. Stagnation means decline. Millions of houses still have to be made more sustainable in the next 30 years and that is why growth capital for innovative companies is essential ”.

Anthony Viellevoije, Investment Director at PDENH:
“We are extremely proud of Triple Solar's success and have full confidence in the team and the innovative system that has clearly proven itself. We are therefore happy to contribute to this financing. The 'further without gas solution' that Triple Solar offers fits seamlessly into our sustainable ambition ”.

Merijn ten Thije, Investment Manager at DOEN Participaties:
“DOEN Participaties finances sustainable start-ups and scale-ups that have an impact with CO2 reduction. A point of attention for DOEN is that the energy transition is accessible to everyone. Because Triple Solar's products are also suitable for private individuals and tenants of housing corporations, Triple Solar fits very well with our ambitions. ”

Erik Schut, Co-founder of Enfuro Ventures:
“The Triple Solar team has done a fantastic job in recent years. The company has developed from an innovative start-up to a successful scale-up that makes an important contribution to the energy transition. We are proud that we can make this contribution to the acceleration of the growth of Triple Solar ”.

Pieter Mullink, Account Manager Rabobank Amsterdam:
“Triple Solar is an innovative developer of energy systems that provide homes with heat, hot water and electricity so that they can use all of the gas. They distinguish themselves with their technique and experience. Rabobank has been a partner of Triple Solar for a long time and proud that we can support them in their important work and rapid growth ”.

About Triple Solar:
Triple Solar's mission is to achieve maximum impact in reducing CO2 emissions from heating homes. In addition, Triple Solar wants to make the energetic sustainability of houses accessible to a wide audience. This translates into the development of smart solutions in the field of sustainable energy. The requirement is that the products are produced sustainably, are fully recyclable and have no environmental impact in production and use. Our products are produced in the Netherlands and the components used are made within Europe.

About Enfuro Ventures:
Enfuro Ventures invests in start-ups that focus on the energy transition. Enfuro was founded by the successful entrepreneurs Erik Schut and Ruud Rijbroek. They strongly believe in enterprising, decisive teams, in innovation and in positive change.

About PDENH:
The Participation Fund Sustainable Economy Noord-Holland is an investment fund for established and start-up companies and projects that focus on energy transition, sustainable mobility and the circular economy. Companies that thus contribute to the sustainable economy in North Holland. The fund was set up and financed by the Province of Noord-Holland and is managed by KplusV and StartGreen Capital.

About DOEN Participaties:
DOEN Participaties has the ambition to make the world more sustainable and social by supporting start-ups with that mission. Impact is central to all investments. Over the past 25 years, DOEN Participaties has grown into the largest impact investor for sustainable and social startups in the Netherlands. DOEN Participaties is fully owned and managed by the DOEN Foundation, the Postcode Lottery fund. For more information, see www.doenparticipaties.nl

Read the whole here press release.

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