Leading energy solutions manufacturer Powerstar has announced a significant investment from SCF Partners, a global investor in energy service providers. Dr Alex Mardapittas, Powerstar’s founder and CEO, will continue to lead the company as it enters its next phase of growth.
Headquartered in Sheffield, Powerstar designs and manufacturers behind-the-meter hardware and software technologies that support commercial and industrial customers reaching their net zero carbon goals. This includes voltage regulation, power resilience, energy storage, EV charging solutions and microgrid control. With a focus on helping customers solve the unique energy problems affecting their business, Powerstar’s expertise enables a fully bespoke solution that meets the exact needs of the customer.
“We are very excited to enter the next phase of our ambitious growth plans,” said Dr. Mardapittas. “The need for a resilient and efficient power supply has never been greater than today and our partnership with SCF will allow us to build on the record growth that Powerstar has seen over the past year.”
Colin Welsh, International Partner at SCF, commented: “SCF is pleased to partner with Powerstar and its exceptional technical team. Powerstar’s customised technology solutions that enable customers to reduce power costs while improving reliability and mitigating their carbon footprint will only grow in importance as the grid becomes more volatile and the global economy works to achieve net zero goals.”
Founded in 2001 and headquartered in Sheffield, Powerstar is a market-leading smart energy solutions provider. It designs and manufactures power resilience technologies that protect customer operations from disruption while enabling net zero goals. Powerstar’s highly capable technical team uses modelling and simulation capabilities to create a digital twin of the customer’s site, ensuring that its customised solution will perform reliably. Powerstar supports commercial and industrial users in the manufacturing, healthcare, data centre, retail & distribution, defence, and public sectors. To learn more, visit www.powerstar.com.
About SCF Partners
Founded in 1989, SCF provides equity capital and strategic growth assistance to build leading energy service, equipment, and technology companies that operate throughout the world. SCF has invested in more than 70 platform companies and made more than 400 additional acquisitions to develop 17 publicly listed energy service and equipment companies over its history. The firm is headquartered in Houston, Texas, and has offices in Calgary, Singapore, and Aberdeen. Learn more at www.scfpartners.com.