British solar heat technology company Naked Energy has announced its expansion into Spain and Portugal with the opening of a new office in Madrid.
The company notes in a statement that, unlike conventional PV panels, Naked Energy’s solar heat technology converts sunlight into hot water. The company’s Virtu range of collectors can reportedly be up to ten times more efficient than traditional solar PV systems.
Its VirtuHOT collectors generate clean heat of up to 120 °C, while VirtuPVT collectors combine PV and solar thermal to produce both electricity and heat up to 75 °C. The latter is the world’s first evacuated hybrid solar collector to achieve gold TÜV certification, a milestone the company says, “solidifies its status as a game changer in the solar industry.”
To lead its Iberian operations, Naked Energy has appointed Luis Guajardo as Head of Business Development for the region. Guajardo, an industrial engineer with over 15 years of experience across the water, industrial, and energy sectors, previously oversaw regional expansion at German hydraulic infrastructure firm Rädlinger Primus Line.
The company said the launch comes at a key moment for the Iberian Peninsula, which faced widespread power blackouts earlier this year.
Christophe Williams, CEO of Naked Energy, said: “Entering Spain and Portugal gives us a great opportunity to deliver our service offering to a wider range of businesses at such a crucial time for decarbonisation.”
Naked Energy’s solar thermal collectors generate energy independently of the grid, helping businesses reduce reliance on electricity networks while progressing towards net zero goals. Heat represents more than half of the region’s total energy demand.
This expansion follows a period of international growth for Naked Energy, including a 2024 deal with ELM Solar to manufacture its collectors in Dallas, Texas.
The firm, backed by £17m from Barclays and E.ON Energy Infrastructure Solutions, has completed projects in over 20 countries, including installations at the British Library and the Mandarin Oriental hotel.
Luis Guajardo added: “Our ambition is to replicate the success of projects such as the British Library and Mandarin Oriental in the UK, showcasing how our technology delivers both strong financial returns and significant carbon savings.”
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