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zero and low carbon solutions March 2009 Andrew Honey

Agenda

About us Business History Funding History

Funding Lessons

2

Microgeneration Ltd - 2009

About us

2007 2006

3

Microgeneration Ltd - 2009

2008

Microgeneration Ltd is a knowledge led business that is at the forefront of the renewable energy industry We have unparalleled experience and capability in the UK

Who we are A leading renewable energy solutions company with over 90 projects to our credit

Probably the only

renewable energy company with 4 technology approvals and ISO

4

Microgeneration Ltd - 2009

What we do Microgeneration Ltd…

advise, design, procure, install and service tailored microgeneration solutions for… individual homeowners architects & developers commercial enterprises community groups

5

Microgeneration Ltd - 2009

Funding History

2006

2007

2008/9

6

• Forecast of capital funding needs! • Started Trading

• Engaged FDUK • Initial funding round • FFF and Banks

• Second funding round • SWAIN/Winter Rule

Microgeneration Ltd - 2009

Useful Funding Lessons 1 2 3

7

• Understand capital requirements • Have a “good” plan

• Secure experienced advice

Microgeneration Ltd - 2009

Painful Funding Lessons 1 2 3

8

• Avoid major recessions! • Recession could be good for low carbon economy • Banks don’t take risks • Victorian rules don’t value knowledge assets • There are lots of advisors • There are very few useful ones

Microgeneration Ltd - 2009

Summary Its about knowledge You need to know… your market your solutions your customers your competitors your suppliers your business your needs

9

Microgeneration Ltd - 2009