Image via WikipediaTony Batchelor is the founder of Earth Technology which sinks pipes 70m into hot rocks which offers a clean source of energy which can be used to cool as well as heat buildings.
Batchelor went for a trade investment and Sir Robert McAlpine took a 25% stake in the business in 2006. Sales are forecast to rise from £8million in 2008 to £20million by 2011. Not the sort of growth to interest VCs but it has been tough getting the technology to work (funded by creating new deep drilling technology for the oil and gas industries) and now the challenge is about how to get the business to work.
Would growth be higher with new management and a VC or will McAlpine be happy to stand back whilst the holes are drilled – hopefully in the earth and not in the balance sheet?
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=1a361192-1c99-47e8-bb6c-5e7c1a2061fb)
Post a Comment