Mixergy recieves £12m social housing funding

The investment in technology is set to help homes save up to 60% on hot water bills, claims Mixergy.

Mixergy has successfully closed a £12m funding round, led by Barclays Climate Ventures, with additional support from existing investors, including Oxford Sciences Enterprises, Kiko Ventures (IP Group), Nesta, and EDP Ventures.

The funding will accelerate Mixergy’s transition towards a technology licensing and strategic partnership model, focusing on new builds, social housing retrofits, and commercial properties.

Additionally, the company will expand its R&D efforts to enhance both hardware and software solutions to meet the needs of social housing providers, property developers, energy utilities, and HVAC OEMs.

James Ferrier, Director, Barclays Climate Ventures, said:“Mixergy are simultaneously addressing two challenges to the UK’s energy transition, improving both grid capacity and the energy efficiency of buildings. This is a great example of the truly innovative technologies which we are seeking to invest in, and we look forward to supporting Mixergy through this next phase of their growth.”

For over a decade, Mixergy has been a leader in smart hot water solutions and grid optimization. As the UK moves toward full electrification, every home will require a hot water cylinder to reduce energy consumption and help integrate more renewable energy into the grid.

Mixergy’s cylinders reduce energy use and lower bills while acting as smart energy storage devices, balancing supply and demand like a distributed battery for the nation.

The company’s solutions are future-proof, working with any heat source, and have been included in the UK government’s new Home Energy Model.

To drive its next phase of growth, Mixergy has appointed David Tuohy as Executive Chair and secured strategic partnerships with organizations such as Daikin, Birmingham City Council, and British Gas.

These collaborations include a rebate program for homeowners using Mixergy’s cylinder through the Mixergy Extra bolt-on energy offer.

Pete Armstrong, CEO and co-founder of Mixergy, added: “This investment accelerates our ability to develop scalable solutions for our technology partners, helping them navigate the changing global energy landscape. With Barclays’ support, we can bring our technology into more homes and buildings in the UK through a broader range of channels, while improving the grid capacity to integrate renewable energy. Why pay windfarms to shut down when we can pay households to switch on?”