Caldera Secures £10m from GEA to Boost Green Tech Innovations
Deal News | Mar 31, 2025 | UK Tech Funding
Caldera, a low carbon heating technology startup based in Hampshire, UK, has secured a £10 million investment from GEA, a major German industrial group. The collaboration aims to enhance industrial decarbonisation by implementing Caldera's innovative boiler technology, which stores renewable electricity from solar panels and green energy from the grid in the form of heat. This partnership will benefit industries such as breweries, food manufacturers, and pharmaceuticals, which currently rely on gas boilers and utilize GEA's equipment. The initiative aligns with current market transitions towards electrification and thermal storage, as highlighted by Kai Becker, CEO of GEA's heating and refrigeration technologies. Caldera’s CEO, James Macnaghten, emphasized the cost-effectiveness and environmental advantages of their system and expressed enthusiasm for the widespread adoption of electric storage boilers in multiple sectors.
Sectors
- Green Technology
- Industrial Equipment
Geography
- United Kingdom – Caldera is a UK-based company, indicating relevance to the UK’s industrial and energy sectors.
- Germany – GEA is a major German industrial group that has invested in Caldera, thus linking the article’s content to German industry and market interests.
Industry
- Green Technology – The article focuses on Caldera's development of a low carbon heating technology solution that can store renewable energy, highlighting green technology advancements.
- Industrial Equipment – GEA’s involvement underscores the industrial equipment sector, as it plans to implement Caldera’s technology across industries that traditionally rely on gas boilers.
Financials
- £10 million – The amount invested by GEA into Caldera to enhance green heating technology deployment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Caldera | Target Company | Company | A Hampshire-based startup focused on low carbon heating technology, particularly electric storage boilers powered by renewable energy. |
| GEA Group | Bidding Company | Company | A German industrial conglomerate primarily engaged in the food and beverages sector, aiming to integrate Caldera’s technology for better energy efficiency and decarbonisation. |
| Kai Becker | CEO of Heating and Refrigeration Technologies Division | Person | An executive at GEA, providing insights on the strategic importance of this investment regarding industrial decarbonisation. |
| James Macnaghten | CEO | Person | CEO of Caldera, emphasizing the impact and cost-efficiency of their technology for sustainable industrial operations. |