Bridges Fund Management has backed Hycube, a German business that provides renewable energy generation and storage for homeowners. The investment came from Bridges Sustainable Growth Funds and is the UK-based firm’s first in Germany. Financial details of the investment were not disclosed.
The firm said in a press release that Hycube’s combination of at-home solar generation and energy storage products cut household’s grid consumption by 80-90 percent. The firm highlighted both a politically supportive environment for clean energy in Germany and volatility in gas and electricity prices as tailwinds for the business.