BIRCHWOOD-based 350 Investment Partners, which manages the North West Fund for Energy and Environmental, has been crowned Investor of the Year at a leading awards ceremony.
Cleantech venture investor 350IP was recognised in the ninth annual New Energy and Cleantech Awards which reward those playing a pivotal role in shaping the renewable energy, energy storage and cleantech industries.
The 350IP team is one of the most active cleantech investors in Europe. Since 2001 it has completed 32 investments in businesses which has raised over £310m in private sector funding.
Since 2009, 350IP has been delivering on its mandate by the North West Fund for Energy and Environmental to invest in early-stage, innovative and high-growth companies.
The North West Fund for Energy and Environmental is now fully invested at £20.6m. The North West Fund is provided jointly by the European Regional Development Fund and the European Investment Bank.
Commenting on the award win, Adam Workman partner at 350IP said: “It is fantastic to be recognised on a national level as Investor of the Year as we have worked hard to successfully create a cluster of energy and environmental SMEs in the North West.
“We’ve invested in a real mix of companies spanning energy efficiency and LED lighting businesses, renewable generation installers, technology developers, circular economy businesses, energy switching and engineering businesses.
“This award really is testament to the hard work of the whole team and demonstrates our investment and sector expertise.”
350IP investee company ULEMCo, a company which converts vehicle engines to enable them to run on hydrogen, also reached the shortlist in New Energy Champion of the Year.
More than 200 leaders in the sector attended the event which was held at the Park Plaza Riverbank, London.
At the event, the Carbon Trust’s director of innovation, Andrew Lever praised the winners for their positive contribution to achieving climate change goals.
Until March 2015 350IP also advised the Carbon Trust on its clean energy venture capital investment activities, advising on £40m of investment by the Carbon Trust leveraging £284m of private sector investments and successfully realising £17m up during this period.
