Kent-based Sunstone Systems, has raised £1 million in equity finance in its latest funding round. The company creates solar-powered technologies that provide surveillance, wireless networks and satellite communications to some of the most remote locations in the world — all while helping global organisations to reduce their CO₂ emissions.

Sunstone’s award-winning products have been deployed around the world for a number of years providing everything from wireless networks and solar powered surveillance in Kazakhstan oil fields to highways monitoring around the UK. This fund-raise comes off the back of a stellar period of growth which has seen the company double year-on-year revenue in 2021, with projections to do the same in 2022.

Aaron David, Sunstone Systems CFO, said: “A number of factors have seen demand for our products scale considerably over the last two years. The need to have power to critical and remote locations without the reliance on fossil fuels is growing more acute by the day. It is why we see this latest fund-raise as just the start of another period of exceptional growth.”

Key appointments
The company has recently made a number of key appointments within its engineering, design, sales and operations teams, and it is actively recruiting for new people. Sunstone Systems has also acquired a number of new and high-profile clients including WJ Group, Mitie, Johnson Controls and Rivian Automotive, as well as bringing its latest innovation to market - the ARC Generator - capable of delivering off-grid power for a wide range of stationary and mobile applications, including surveillance, telecommunications and edge computing.

According to ReportLinker, the global solar power equipment market size is expected to reach over $200 billion by 2027 driven by a number of factors, including rising global warming, increased awareness of renewables, and fuel-cost reduction. Indeed, increasing the UK’s reliance on solar power was a key component of the British energy security strategy, which was updated and published earlier this year.

The latest fund-raise will fuel the next phase of growth for the company. One that will see Sunstone Systems develop new products, as well as enabling the company to expand into key markets, particularly Europe and America.

Mr David concluded: “The UK has an extremely ambitious ‘net zero’ programme, and we want to play a key part in making it happen. For us, this means developing world-leading, renewable energy powered equipment to help industrial operations take simple steps to reduce their carbon footprint in their day-to-day activities.”