Green energy pioneer Katrick Technologies has been featured in the PwC UK Net Zero Future50 report. The report, which highlights key developments in climate technology, profiles 50 key disruptors and innovators in the industry. Katrick Technologies has grown significantly over the past two years and its unique sustainable energy innovations have earned the company recognition as a notable start-up in green power.
Image Credit: Katrick Technologies Ltd
It is estimated that the world must halve its carbon emissions by 2050 to reach net zero. Many businesses and industries worldwide have committed to this goal, making climate technology and green power generation more important than ever. Investment in the industry continues to show strong growth as new start-ups offer inventive new solutions to support this effort.
The UK is emerging as a global leader in climate technology. It ranked third in Venture Capital (VC) funding between 2013 and 2021, with more climate technology companies receiving funding in the UK than any other company in Europe in this period. This funding totalled over £6.5 billion, showing the significant growth in this sector. PwC has selected 50 UK start-ups from a range of industries with the potential to make a difference in the fight against climate change. These companies are showcased in its UK Net Zero Future50 report, which includes the profile on Katrick Technologies and its wind power technology.
This achievement is the latest win for Katrick following an exciting few years. Most of Katrick’s 25 team members have joined the company since late 2020. BDO estimates that the company value increased from £15 million at the start of 2021 to £50 million by the end of the year. Katrick has also secured partnerships with Howard Tenens, iOMART, AGS, and the University of Strathclyde for both its wind panel and passive cooling technologies.
Katrick’s focus is on developing innovative zero carbon solutions for a range of markets and applications. Recent trials of its unique passive cooling system for data centres have been hugely successful, with results suggesting that it offers an estimated 25 per cent overall reduction in energy consumption. Katrick’s wind panels also show huge promise in clean and profitable energy generation thanks to their flexible and modular design. The Future50 report particularly mentions these panels and their potential for revenue generation and cost saving while reducing carbon emissions and producing renewable power.
“The Future50 report really demonstrates the tremendous progress that the UK is making in the development of cutting-edge climate technology,” commented Katrick Technologies co-CEO Vijay Madlani. “Inventive new solutions will be key in reaching the UK’s net zero goals, and we aim to keep breaking new ground with our products throughout 2022.”
Katrick Technologies’ disruptive concepts and dedication to developing accessible and easy to implement decarbonisation products set the business apart as leaders in the zero-carbon market. The start up’s feature in the PwC UK Net Zero Future50 report highlights it as a company to watch in climate tech in 2022 and beyond.
To find out more about Katrick Technologies and how its products can support businesses on the journey to net zero, visit the website here. You can also download the PwC UK Net Zero Future50 report here for more information on climate technology on the path to net zero.