Private equity investment for green heat network specialist Vital Energi

A private equity firm specialising in clean energy has bought a 30% stake in Lancashire heat infrastructure company Vital Energi to back its UK expansion plans.
Blackburn-based Vital Energi owns and operates low-carbon heat networks and is also growing its work in related technologies including solar, battery and heat storage, and electric vehicle charging.
Now Corran Capital says its investment will help Vital Energi to “rapidly scale” its operations. Corran’s investment in Vital has been backed by partners including Strathclyde Pension Fund and Lexington Partners.
Vital has been operating for 30 years and today has 700 employees with offices in London, Glasgow, Hereford and Burton-on-Trent. It has connected more than 100,000 homes to heat networks in cities including Glasgow, Manchester, Liverpool, Leeds, Hull and London, working with coun …