Hometree Raises Funding for UK Net Zero Home Expansion

Hometree's Debt Financing from BlackRock

Key Highlights:

• Debt Financing: Hometree, a residential energy services company, received debt financing from BlackRock.
• Expansion and Development: The funds will be used to expand operations and development efforts, accelerating the transition to net zero homes in the UK.
• Acquisitions: Hometree has acquired several independent energy installers, including Geowarmth and The Little Green Energy Company, to bolster its engineering force and offer value-added services to customers.

Hometree's Target Market

• Target Market: Homeowners in the UK looking to transition to net zero homes and adopt renewable energy technologies.
• Residential Energy Installers: Independent energy installers across the country partnering with Hometree to access its customer base, financing products, and insurance services.
• Homeowners Seeking Decarbonization: Individuals interested in reducing their carbon footprint and adopting sustainable energy solutions for their homes.

What Hometree Needs to Buy

• Energy Installers: Independent energy installers to expand its engineering force and offer installation, repair, and maintenance services for renewable energy technologies.
• Technology and Innovation: Partnerships with companies specializing in heat pumps and other renewable energy technologies to enhance its product offerings.
• Marketing and Customer Acquisition: Services to support marketing efforts and customer acquisition, reaching homeowners interested in decarbonizing their homes.