Viridian Secures Second Round of Grant FundingMay 9th 2005, Cambridge, UK. Viridian announces that it has won grant funding from The Carbon Trust of £214,000. The grant is to be used to prove out Viridian's low-cost solar heating technology over the next 24 months.
Martin Davies, Chairman of Viridian, said "This takes the total of government funding secured for the solar thermal project to nearly three hundred thousand pounds. While the investment itself is extremely helpful, the fact that the project was selected by the Carbon Trust's rigorous assessment procedures is also extremely encouraging."
The Carbon Trust comments: “We are pleased to be able to support this young company in developing a new solar thermal system that has the potential to both save energy and reduce the cost of installation and production. As with all projects that win support through the Carbon Trust’s highly competitive selection process, this project has an attractive environmental case combined with the potential to develop an attractive commercial case.”
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Viridian Solar Partnership
