A Cornish heat pump firm has secured a seven-figure working capital funding package.
Truro-based Kensa Group, which installs more than half of the UK’s ground source heat pumps each year, said the loan would support its manufacturing and distribution operations, amid rising demand.
It comes after the company secured its largest-ever investment, £70m from Octopus Energy's generation arm and Legal & General Capital, as it targets the installation of 50,000 ground source heat pumps a year by 2030. Kensa said the funding package would also assist the continued growth of its 200-strong workforce.
