Funding and M&A Roundup: Greg Skinner Acquires 50% Stake in Ethical Power Group
Oben Electric secures $5.8 million in Series A funding round
January 8, 2025
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Ethical Power Group, a solar and energy storage project developer, announced that quant investor Greg Skinner acquired a 50% stake in the company from Hive Energy. The founder and CEO, Thomas Kneen, maintains 50% of the business. The company announced providing an additional £15 million (~19 million) working capital loan to help with the continued expansion of the company’s operations. Greg Skinner will join the Ethical Power Group board upon the deal’s completion.
