Power Roll, a North East solar film developer, has landed a \u00a3250k investment from Finance Durham Fund, which was established by Durham County Council and overseen by Business Durham.<\/p>\n
Invented by the firm\u2019s chief scientist Dr Alexander Topping, Power Roll\u2019s solar film technology aims to produce ultra-low-cost green electricity.<\/p>\n
The new investment, which is managed by Maven Capital, will support the construction of a solar film pilot plant in County Durham.<\/p>\n
Neil Spann, managing director of Power Roll, commented: \u201cThe success of our funding round and the quality of our investors reflects the global commercial potential for our technology. Our investors are excited about the new markets we can exploit and disrupt.<\/p>\n
\u201cThere\u2019s huge potential for solar and energy storage in a vast range of new applications including non-loadbearing rooftops, building integration, transport, off-grid and even powering Internet of Things sensors.\u201d<\/p>\n
Cllr Carl Marshall, Durham County Council\u2019s cabinet member for economic regeneration, said: \u201cThe Finance Durham Fund exists to help businesses in our county to expand, safeguard jobs and create new and exciting opportunities for local people.<\/p>\n
\u201cBy investing in Power Roll we can achieve this, while also helping to tackle climate change by enabling the creation of a solar film pilot plant here in County Durham.<\/p>\n
\u201cReducing climate change is a key priority for us as a council and we are proud to support a business that is developing technology that will allow more people to access low-cost green energy.\u201d<\/p>\n
Sarah Slaven, interim managing director at Business Durham added: \u201cIt\u2019s great Power Roll has chosen to expand their business into County Durham. It is an excellent example of the kind of innovative and dynamic company Finance Durham was set up to help.<\/p>\n
\u201cWe look forward to helping it develop its new manufacturing plant in the county. The investment will create new jobs in this exciting sector, supporting Business Durham\u2019s strategy to deliver business and economic growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Power Roll, a North East solar film developer, has landed a \u00a3250k investment from Finance Durham Fund, which was established by Durham County Council and overseen by Business Durham. Invented by the firm\u2019s chief scientist Dr Alexander Topping, Power Roll\u2019s solar film technology aims to produce ultra-low-cost green electricity. The new investment, which is managed […]<\/p>\n","protected":false},"author":1,"featured_media":4518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[134],"class_list":["post-1571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding","tag-north-east"],"yoast_head":"\n