By Brian Donnelly
A SCOTS energy company has won £25 million backing from a major US investor.
Faraday Grid received the “strategic investment” from Adam Neumann,
co-founder and chief executive of co-working firm WeWork.
The Edinburgh company said the collaboration will support its global
expansion push, including in the UK, US, Japan, Australia and Europe.
Faraday Grid said its new energy platform will enable clean, affordable,
reliable power across the energy sector “at levels not previously conceived”.
The firm said “a shared vision to boost society’s welfare and productivity
lie at the heart of this collaboration”.
Andrew Scobie, founder and chief executive of Faraday Grid, said: “Clean,
affordable and reliable power are the foundations of productivity and
“Having Adam as a partner who absolutely shares this vision will enable us
to ensure the world’s energy system is able to support economic prosperity.”
Mr Neumann, whose company provides shared workspaces for tech start-ups,
said: “Building a prosperous, sustainable path forward requires a bold
vision that reimagines the future of cities and the infrastructure they
“Faraday Grid will fundamentally change the way we access and use energy in
“Andrew and the team have built a world class offering that has an
incredible opportunity to uplift all people and communities and have a
positive impact on the world. I am excited to be part of their journey.”
The investment comes at a time of rapid expansion for Faraday Grid.
In October 2018, the company announced it will be working with UK Power
Networks in London to demonstrate the role and impact of Faraday Grid’s
It said further collaborations with global partners will be announced