Extreme Low Energy trebles revenues after investment

By Tim Aldred

01 Dec 2020

Following a £750,000 investment from NPIF - Maven Equity Finance, Skelmersdale-based Extreme Low Energy has increased revenues by 220 per cent.

The firm manufactures a carbon-saving alternatives to traditional power supplies that require bulky, inefficient transformers. Its patented DC power infrastructure works on various ultra-low power devices, with the micro-grid systems typically running on 50 – 70 per cent less energy than existing AC alternatives.

ELe's products can be found in the UK and African education sectors, as well as UK offices, warehouses and social housing markets.

The firm received the six-figure funding in 2018 which was used to expanded its workforce, technology and product development capabilities.

This allowed the company to move quickly when the Covid-19 pandemic caused an increase in demand from the leisure industry for energy efficient power solutions for remote locations, such as glamping pods and shepherd huts.

Since the new product line was launched in September, the company has already taken orders for over 20 kits from Leisure POD manufacturers and customers deploying remote facilities, delivering over 300 per cent uplift in sales compared with the same period in 2019.

Additionally, the firm pressed on with recruitment plans during the pandemic and has welcomed two new full-time members of staff, taking their total headcount to nine, with plans in place to grow that by a further five people in the next 12 months.

ELe is now looking to expand into new sectors and is currently working on a response to the government’s Public Sector Decarbonisation Scheme to help make schools more energy efficient.

The housing market is another key area of growth for the firm with government and council Net-Zero targets driving developers and housing associations to implement gas-free energy efficient heating and hot water solutions, which is anticipated to develop even further over the next 12 months. 

Mark Buchanan, founder and CEO of Extreme Low Energy Ltd, said: "I am extremely proud of what we have managed to achieve in recent months, especially considering the wider market conditions, with exponential growth in terms of product development and our team.

"The support from NPIF and Maven has been fantastic. Investment has enabled us to bring our new product to market three to six months sooner than planned, allowing us to serve a demand which continues to grow. I am excited to see what the future holds for ELe and as a team we look forward to working with both Maven and the British Business Bank on achieving even greater success."

NPIF - Maven Equity Finance is managed by Maven Capital Partners and is part of the Northern Powerhouse Investment Fund.

Ryan Bevington, fund manager at Maven Capital Partners, said: "Extreme Low Energy Ltd is a brilliant company. They are innovating at a time that is needed most and pioneering solutions to the country’s most pressing environmental issues. The growth to date has been impressive and the future looks equally as bright, so we are happy to be a part of that and will continue to provide support wherever possible."

  • For further Lancashire business news, advice and analysis subscribe to Lancashire Business View or join the LBV Hub from just £2.50 per month. Click here to subscribe now.

Enjoyed this? Read more from Tim Aldred

Latest news

1

Fit-out begins at hospital's new £1.5m annex Greater Lancashire Hospital Annex

Fit-out begins at hospital's new £1.5m annex

13 Jun 2024

2

Ribbon cut on Blackpool's £23m tramway extension Blackpool Tram Extension Launch

Ribbon cut on Blackpool's £23m tramway extension

13 Jun 2024

3

Beautician turned businesswoman launches new training academy Lisa Gallagher Academy

Beautician turned businesswoman launches new training academy

14 Jun 2024

4

Pension firm announces service expansion for businesses Paul Rowe Pro Start Pensions

Pension firm announces service expansion for businesses

14 Jun 2024

5

The fear of getting women's health in the workplace wrong symptoms.png.png

The fear of getting women's health in the workplace wrong

14 Jun 2024

Lbv116 Ltb Strip980
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
18 Jun 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
18 Jun 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
19 Jun 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Free 4 Week Growth Ignition Coaching Programme
UCLan Primary logo RKE.png.png
LBV Hub Seminars
19 Jun 2024 - 03 Jul 2024

Free 4 Week Growth Ignition Coaching Programme

Online, Preston, PR1 2HE

12:00 - 13:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
19 Jun 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Exclusive Free Event - An inspiring morning with Professor Paul McGee, The SUMO Guy
Paul McGee Event
LBV Hub Seminars
19 Jun 2024

Exclusive Free Event - An inspiring morning with Professor Paul McGee, The SUMO Guy

Village Hotel Blackpool , Blackpool , FY3 8LL

08:30 - 13:00

Bold Moves Mastermind - Procrastination to Profitable Pricing
BV Online Course Title pages (1).jpg.jpg
LBV Hub Seminars
19 Jun 2024

Bold Moves Mastermind - Procrastination to Profitable Pricing

Oswaldtwistle Mills Business & Conference Centre, Oswaldtwistle, BB5 0EY

09:30 - 12:30

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
20 Jun 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
20 Jun 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

THE ABSOLUTELY FABULOUS COMEDY DINNER SHOW
AbFab Social Post.jpg.jpg
LBV Hub Social
20 Jun 2024 - 20 Jun 2024

THE ABSOLUTELY FABULOUS COMEDY DINNER SHOW

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

18:30 - 23:00

June Preston Freelancer Meet-Up and Coworking
Screenshot 2024-06-13 at 14.03.18.png.png
LBV Hub Networking
21 Jun 2024 - 21 Jun 2024

June Preston Freelancer Meet-Up and Coworking

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin