The money will be used to fund the company's market expansion.
A Westmeath energy management company has secured a massive €7 million investment.
The package comes from the EIIS Fund, and will be used to support Mullingar's Watt Footprint's market expansion and help to further develop its technology platform.
The company, which was established in 2020, is seeking to support other businesses on their path to zero carbon targets.
It's hoped the investment will help the Westmeath business fund international expansion into new markets, and is part of a three-year strategy.
Sinead Heaney, Director of BES Management DAC, the Manager of the Davy EIIS Fund and Partner at BDO Ireland says Watt Footprint has an innovative approach to energy management:
"We are thrilled to support their dynamic team as they embark on this next phase of growth and expansion.
This investment underscores our belief in their vision and our commitment to backing ambitious businesses that are shaping a more sustainable future."
Paul Mahon, CEO & Co-Founder of Watt Footprint says the partnership marks a significant step in the journey to realise their vision for the company:
"The investment will be fundamental in accelerating the next stages of launching our software platform to the Irish and international markets - a significant achievement for the company and marking an exciting future ahead."
Niall Horan Announces New Album
Gardaí Charge Two Men OVer Cross-Border Terrorism Investigation
Pedestrian Hopitalised Following St. Patrick's Day Crash
ADHD Services In Midlands Not Fit for Purpose - Laois Senator
Three Men Hospitalised Following Westmeath St. Patrick's Day Attack
Gardaí Searching For Missing Midlands Teen
Laois Man Highlights Irish Cancer Society's Transport Service
Westmeath School Team Aiming To Fly Irish Flag In STEM Racing
Down Syndrome Centre Midlands To Mark 10th Anniversary
Former Laois Post Office Gets Green Light To Convert To Café
Water Safety Laois Recruiting Volunteers
Midlands Teen Caught Driving on M7
Planning Sought For Redevelopment Of Offaly Pub
Midlands Sees Surge In House Prices
Westmeath Lake Drives Surge In Murmuration Tourism
Man Jailed For Role In Midlands Cannabis Grow Operation
Midlands Farmers Warn Of Potential Food Rise Costs Due To Strait Closure
Enterprise Minister Announces European Arbitration Centre
High Court Rules Enoch Burke's Transfer To Castlerea Lawful
Disqualified Driver Caught For DUI In Laois