Adia Thermal Set to Revolutionize UK Heating with Blackfinch Investment
Deal News | Jan 30, 2025 | Blackfinch
Blackfinch Ventures, part of Blackfinch Group, has made a £300,000 investment in UK-based Adia Thermal, a startup at the forefront of transforming the heat pump market with innovative retrofit technology. This investment aligns with Blackfinch's commitment to supporting enterprises that contribute to energy transition and offer strong returns. Adia Thermal has developed a patent-pending hardware and software solution that allows for rapid installation of heat pumps without the extensive pipework typically required. This innovation means installations can be completed by regular boiler engineers in two days, significantly reducing the installation timeframe and cost. By joining Blackfinch's Energy Transition EIS Portfolios, Adia Thermal gains access to a network of pioneering startups dedicated to clean energy solutions. The UK's ambitious goal of installing 600,000 heat pumps annually by 2028 is confronted by challenges—namely, installation time and cost—issues that Adia's technology directly addresses. Dr Reuben Wilcock of Blackfinch emphasizes the investment's dual benefits: providing investor value and supporting urgent decarbonization needs. Alongside its market-ready solution, Adia Thermal is already receiving positive feedback from installers and industry partners, signaling its potential to drive significant change in UK heating infrastructure.
Sectors
- Renewable Energy
- Venture Capital
- Construction and Home Infrastructure
Geography
- United Kingdom – The deal and the operations of Adia Thermal are primarily focused in the UK, addressing local decarbonization goals and market needs.
Industry
- Renewable Energy – The article is centered around investments in technology that promotes energy transition, specifically focusing on heat pumps as an alternative to traditional fossil fuel-based heating systems.
- Venture Capital – Blackfinch Ventures is a venture capital firm making an investment in the startup Adia Thermal, highlighting the article's focus on funding new technology in the clean energy sector.
- Construction and Home Infrastructure – Adia Thermal's technology is related to home heating infrastructure, improving the process of retrofitting homes with more efficient energy solutions.
Financials
- £300,000 – The investment amount from Blackfinch Ventures in Adia Thermal to support its market expansion and technology enhancement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackfinch Ventures | Investor | Company | Part of the Blackfinch Group, this venture capital firm focuses on funding innovative startups, particularly in the energy transition sector. |
| Adia Thermal | Target Company | Company | A UK-based startup specializing in heat pump technology that simplifies the retrofit process for existing homes. |
| Dr Reuben Wilcock | Head of Ventures | Person | He is responsible for overseeing venture investments at Blackfinch, emphasizing the firm's strategy towards supporting energy transition technologies. |
| Luke Hodgkinson | CEO | Person | CEO of Adia Thermal, leading the company’s efforts to scale its innovative heating solution. |