Octopus invests in Diverse Energy

Green energy producer Diverse Energy has received £2 million expansion funding from Octopus Investments.


Green energy producer Diverse Energy has received £2 million expansion funding from Octopus Investments.

Green energy producer Diverse Energy has received £2 million expansion funding from Octopus Investments.

Alastair Livesey, managing director of Diverse Energy, says: ‘This investment will enable Diverse Energy to complete the transition from development to a fully commercial manufacturing organisation.’

The investment, which is Octopus’ 24th deal of 2010, will enable the company to complete its assembly plant and take orders for its standalone PowerCube product.

Founded in 2007, West Sussex-based Diverse Energy produces ammonia-based low-carbon power generators designed for ‘off-grid’ applications such as telecommunications transmitters.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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