The Green Angel Syndicate, which brings investors in clean technologies together, is investing in UK outfit The ECompany.
The ECompany has developed the RE-Search web platform that helps companies source suppliers of clean electricity in order to establish power purchase agreements.
Green Angel Syndicate has invested alongside the Sustainable Ventures Accelerator fund in the platform.
The ECompany chief executive JP Cerda said: “I am delighted to have these specialist and experienced groups as investors and look forward to the added value they can bring.”
Green Angel Syndicate director Simon Acland said “There is a massive gap in the market for The Ecompany’s service. The inherent demand for renewable energy is out there.
“Many companies want to access renewable energy direct from the developer – both because it can be the cheapest solution and because they want to do the right thing.
“But the market does not operate efficiently at the moment. The RE-Search platform will fill that gap, matching buyers and sellers, and providing all the complex data that energy buyers need to make their decisions.”