Cargotec

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Stephen Vernon is backing Urbanvolt, a firm which fits LED lights to industrial premises at no charge to the user. It gets paid by sharing the savings on their bills. Photograph: Alan Betson

Former property magnate Stephen Vernon and the State’s Irish Strategic Investment Fund (ISIF) have backed a €7 million fundraising round by energy-sav(...)

UrbanVolt chief executive Kevin Maughan says the recent contract wins were worth a combined seven-figure sum

Energy-saving lighting specialist UrbanVolt has recently signed a series of big contract wins in the US, including with two leading Fortune 500 compan(...)

 UrbanVolt chief executive Kevin Maughan said the new deal would underwrite the international expansion that the company began this year. Photograph: Nick Bradshaw

Energy-saving lighting specialist UrbanVolt is raising €55 million from British investor Low Carbon to fund its planned international expansion. Urba(...)

Bright sparks: Kevin Maughan set up  UrbanVolt with Declan Barrett and Graham Deane in late 2015. The company now has  more than 200 customers and has provided total savings of between €30 million and €40 million. Photograph: Nick Bradshaw

How many entrepreneurs does it take to change 80,000 light bulbs? Kevin Maughan might tell you three. Maughan is chief executive of energy company U(...)