Clean Growth Fund has invested further in tepeo as part of a £10.5 million Series A funding round to support the growth of its Zero Emission Boiler, addressing a significant portion of UK carbon emissions from home heating.

Target Information

The Clean Growth Fund has announced further investment in tepeo, a UK-based startup, as part of its £10.5 million Series A funding round. tepeo addresses a significant environmental concern, with 17% of the UK's carbon emissions attributed to home heating. The company's flagship product, the Zero Emission Boiler (ZEB®), offers an innovative alternative to traditional gas, oil, LPG, and electric boilers, providing a sustainable solution to reduce domestic carbon footprints.

Designed and manufactured in the UK, tepeo's ZEB leverages patented technology powered by electricity. This energy-efficient boiler stores heat in its thermal core, optimizing energy use during periods of low cost and high renewable output. By supplying heat to both water and central heating systems, the ZEB not only diminishes reliance on fossil fuels but also significantly lowers utility bills for homeowners—an increasingly appealing feature as energy prices fluctuate.

Industry Overview

The heating industry in the UK is undergoing a transformative shift as the country strives for net-zero carbon emissions by 2050. The government's commitment to phasing out traditional fossil fuel heating systems