Clean Power Solutions to create seven jobs with £140k finance package

Clean Power Solutions Limited, a provider of renewable energy solutions for homes and businesses, is creating employment opportunities with a £140k loan from Lancashire Rosebud Finance.

The cash will help the Mawdesley-based firm create seven jobs by supporting a project aimed at making vehicle emissions negligible by the year 2050.

Known as the SmartPower Hydrogen system, the project is currently piloting in the North West and involves a process that converts excess energy into hydrogen, which can then be used to provide heating or power vehicles.

According to Clean Power Solutions, the project has already received significant interest from the logistics, forestry and recycling sectors.

Michael Hough, a co-founder of Clean Power Solutions, said: “We are pleased to receive financial support from Rosebud and are excited to continue working on the SmartPower Hydrogen system.

“This technology will be of vital importance in the fight against vehicle pollution, particularly in heavily suburbanised areas, where pollution has already been shown to have serious adverse effects on health.”

Venture capital firm Enterprise Ventures manages the Rosebud finance package on behalf of Lancashire County Council’s economic development company, Lancashire County Developments Ltd (LCDL).

Enterprise Ventures investment manager Peter Rooney commented: “For the last seven years, Clean Power Solutions Limited has gone from strength to strength.

“Now one of the UK’s leading suppliers of domestic and non-domestic renewable energy technology, Clean Power Solutions has the long term potential to create more jobs in the region, whilst playing a vital role in combatting climate change.”

The chair of LCDL, County Cllr Niki Penney, said: “There’s a lot of growth potential in the renewable energy sector, which is why we’re keen to support Lancashire-based companies in this innovative field of work.

“Clean Power has identified a commercial opportunity which would make use of its existing technologies in a new application, and it is looking to deliver this new system with support from Innovate UK and Rosebud.”

She added: “As well as creating new jobs and growth, Rosebud’s investment will also reduce pollution, which will benefit everyone.

“We’re pleased to support the team at Clean Power Solutions Limited and encourage other renewable energy companies to approach Rosebud to support their growth.”

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