Imperative Energy Ltd (IEL) was founded in 2007 to supply renewable energy (heat, steam and electricity) generated from biomass fuel to clients in the industrial, commercial and public sectors through purposely designed plant located at the client’s site.
Imperative Energy is a leading supplier in Biomass Boilers, biomass heating solutions in the UK and Ireland.
The key milestones in the company’s history 2007-2012 are:
Imperative Energy builds on UK momentum with investment from North West Fund
A leading provider of biomass heat and power solutions has moved to the North West after completing its latest round of fundraising with investment from The North West Fund for Energy and Environmental (“NWF4EE”) and the Environmental Infrastructure Development Company (“EIDC”).
Imperative Energy (“the Company”), which was founded in 2007 in Co Kildare, Ireland, is a leading supplier of bioenergy solutions (heat, steam and power) to the industrial, commercial and public sectors across the UK and Ireland. The business will move the headquarters of its operations to an existing site at Sandbach, Cheshire, following the investment.
NWF4EE will take a minority stake in Imperative Energy in order to support its ongoing growth and development. EIDC, experts in the sector, are investing alongside the NWF4EE and will play a key role in supporting the team in the delivery and financing of projects.
The Company is targeting significant growth on the back of the Renewable Heat Incentive and the Renewable Obligation Act. It expects to deploy over £200m in building biomass heat and CHP plants throughout the region over the coming few years. This expansion will see it recruit up to 30 new staff in the coming years and it has immediately announced the opening of three new vacancies in its sales and servicing departments.
The NWF4EE is managed by CT Investment Partners and is part of the £185m North West Fund, which is provided jointly by the European Investment Bank (EIB) and European Regional Development Agency. CT Investment Partners also advises the Carbon Trust on its venture capital activities and is one of the most experienced investors in this space.
Adam Workman, partner at CT Investment Partners and fund manager of NWF4EE, said: “Despite the difficult economic conditions and delays to the implementation of the Renewable Heat Initiative, Imperative has grown into a top quality provider of bioenergy solutions and one that can really capitalise on the growing market for alternative energy solutions.
“By investing alongside the existing and incoming management teams, we have real confidence in what the business can achieve and look forward to supporting them in fulfilling their ambitions. The move to the North West is a real coup for the clean technology sector and is tribute to its growing prominence as a key economic driver in the region.”
Joe O’Carroll, managing director at Imperative Energy, said: “The funding and support of the NWF4EE will enable the executive team to drive forward our business which has great potential to grow over the next decade.
“With rising fuel costs and demand for clean technology, Imperative Energy is perfectly placed to take advantage of the opportunities that a growing alternative energy market presents, and we are delighted to be doing this out of the North West. Having such knowledgeable investors on board is key to growing a renewable energy business in the continuing difficult banking environment. EIDC’s track record in project finance, coupled with CT Investment Partners’ obvious sector experience and broad network will be a key differentiator for Imperative Energy.”
Ed Simpson, investment director, from CT Investment Partners and Peter Bachmann, partner, from EIDC have been appointed to the board of the company with immediate effect.
Imperative Energy Ltd Wins “Best in BioEnergy” title at Global Cleantech Awards.
Imperative Energy Ltd named for excellence in cleantech industry with innovative BioEnergy solutions and green job creation
November 15, 2011 – Imperative Energy Ltd, http://www.imperativeenergy.com a leading developer of BioEnergy Projects in the UK and Ireland, announced today it was named “Best of BioEnergy” by the Global Cleantech Cluster Association http://www.globalcleantech.org. Winning the GCCA Later Stage Award for BioEnergy demonstrates Imperative Energy Ltd’s significant success in the growing cleantech industry and validates its innovative use of proven bioenergy technology in a range of new applications as a leader in the Renewable Energy sector. Imperative Energy Ltd was nominated for the GCCA Later Stage Award by GCCA Member Cluster, The Green Way (http://www.thegreenway.ie) in May 2011 and was shortlisted to the final 3 in this category at an event in Quebec in August.
“Our Top 10 winners are truly the best in class and are the companies to watch in the coming years,” says Ben Taube, Chairman of the GCCA. “In each category, these companies are making both broad strides in their global industries as well as working closely with their regional cleantech clusters to build sustainable green economies and jobs. We are thrilled to name them the GCCA Global Top 10 for 2011.”
Q4 2009 Imperative Energy Limited commissions its 3rd biomass Energy Supply Contract with a Aura Leisure Centre Group. The system is fully operational since Q4 2009 and operates on Wood chip.
Q4 2008 IEL is awarded its 3rd biomass ESCO contract with a Cork local authority, confirming its leadership position in this space.
Q2 2008 IEL is awarded the contract for the supply and installation of the largest biomass heating system to date in the public sector in UK & Ireland at the Downshire Hospital in Belfast.
Q1 2008 Exclusive technology and product supply agreement for UK & Ireland signed with Schmid (Switzerland), and a close strategic partnership on engineering design for large-scale Biomass CHP projects formed with BIOS (Austria), both industry leaders in their respective areas of bioenergy.
Q4 2007 IEL secures Ireland’s first long term biomass energy supply contract (ESCO) with Donegal VEC. The installation is launched by Minister Mary Coughlan TD, now Tanaiste (Deputy Prime Minister) of Ireland.
Q2 2007 Exclusive supply agreement for woodchip signed with Green Belt, the largest private forestry management firm in Ireland. The 15-year supply agreement provides a guarantee for high quality virgin wood fuel supply which is sufficient to cover all of IEL’s projected thermal energy sales.
Q3 2007 Eamon Ryan, Irish Government Minister for Communications, Energy & Natural Resources formally launches the company in Dublin.