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Entrepreneur launches Solar Street Lighting with £1.5 million

A North West entrepreneur has launched a hybrid energy-saving street lighting company that is set to tackle the global energy crisis and help local authorities cut costs.

Navid Dean founded Solar Street Lighting with the ethos of reducing carbon emissions and high electricity costs through its energy-saving wind-solar hybrid street lighting system.

The business is a joint venture with Gloria Technology, based in China.

Mr Dean has invested £1.5 million into the business, helping to acquire premises in the Ivy Business Centre in Failsworth. The 30,000 square foot space comprises an office, showroom and distribution centre.

For the past 30 years, experienced venture capitalist Mr Dean has invested in a number of well-known commercial and residential properties in Manchester through Supreme Finance, his private equity firm.

Navid Dean said: “Solar Street Lighting is dedicated to providing clean, affordable, sustainable, high quality street lighting that is totally off grid and free of day-to-day running costs.

“In the UK alone over 4 billion KWh of electricity is consumed by street lighting every year, costing approximately £500 million and resulting in over 1.9 million tonnes of carbon dioxide being produced.

“By combining wind and solar power with high efficiency LED lighting, our street lighting solution will help to dramatically cut energy bills and reduce carbon emissions.”

For more information on Solar Street Lighting, visit http://www.solarstreetlighting.co.uk/

This was posted in Bdaily's Members' News section by Laura Poole .