Energy solutions manufacturer Powerstar has announced a significant investment from SCF Partners, a global investor in energy service providers. Dr Alex Mardapittas, Powerstar’s founder and CEO, will continue to lead the company as it enters its next phase of growth.
Headquartered in Sheffield, Powerstar designs and manufacturers behind-the-meter hardware and software technologies that support commercial and industrial customers reaching their net zero carbon goals. This includes voltage regulation, power resilience, energy storage, EV charging solutions and microgrid control. With a focus on helping customers solve the unique energy problems affecting their business, Powerstar’s expertise enables a fully bespoke solution that meets the exact needs of the customer.
EMS, Energy Management Systems, Sheffield
“We are very excited to enter the next phase of our ambitious growth plans,” said Dr. Mardapittas. “The need for a resilient and efficient power supply has never been greater than today and our partnership with SCF will allow us to build on the record growth that Powerstar has seen over the past year.”
Colin Welsh, International Partner at SCF, commented: “SCF is pleased to partner with Powerstarand its exceptional technical team. Powerstar’s customised technology solutions that enable customers to reduce power costs while improving reliability and mitigating their carbon footprint will only grow in importance as the grid becomes more volatile and the global economy works to achieve net zero goals.”
Powerstar were supported in this deal by Freeths LLP and Afry.
