Thesis
An important way to reduce global greenhouse gas emissions and accelerate the transition to a low-carbon economy is to make much greater use of clean and renewable energy to power our homes.
Clean energy sector is a high-growth sector: according to the International Energy Agency, the increase in global power capacity from 2020 to 2026 will be almost 95% renewables.
As well as helping to mitigate climate change, this switch to clean energy can also reduce dependence on imported fuels, increase resilience to price volatility, and support economic development and green jobs.
Investment
Based in Germany, HYCUBE Technologies provides a complete decentralised clean energy system to homeowners. Its offering combines solar panels, proprietary high-tech battery storage, an electric vehicle ‘wallbox’, proprietary smart home energy management software and ancillaries to improve energy independence and efficiency – bringing the benefits of clean energy to millions of family households, and supporting the transition to a lower-carbon economy.
HYCUBE is benefiting from some helpful macro tailwinds: in Germany alone, the market for renewable energy systems is already worth is already worth almost €5bn, and this figure is expected to almost double in the next five years.
Outcomes
HYCUBE’s offering enables customers to cut their grid electricity consumption by 80-90%. This substantially reduces energy bills while also mitigating carbon emissions from fossil fuel usage: early estimates suggest the business could be delivering annual carbon savings of approximately 12,000 tonnes by 2026.
Bridges’ investment will enable HYCUBE to expand its provision to significantly more households in Germany, working directly with customers and through established installers.
