Scottish Enterprise, established in 1991, is Scotland's principal economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to stimulate Scotland's economic growth by fostering an innovative, high-wage, and productive economy with a strong international presence. The agency partners with both public and private sectors to identify and capitalize on opportunities that drive significant, lasting economic impact. Scottish Enterprise provides comprehensive support to businesses, including helping companies secure appropriate finance, strengthening management teams, and facilitating growth and export initiatives. It works closely with Scottish SMEs, as well as UK and international investors, such as business angels, venture capital groups, and corporate investors. The agency operates across Scotland in collaboration with Highlands and Islands Enterprise, aiming to increase the supply of finance for businesses and support the SME funding market.
Managing Director of Scottish Development International and Group Head of Strategy and Technology
Susan Armes
Senior Investment Manager
Past deals in Fuel Cell
ULEMCo
Venture Round in 2024
ULEMCo Limited is a company based in Liverpool, United Kingdom, that focuses on retrofitting hydrogen hybrid combustion technology for commercial vehicles. Established in 2014, ULEMCo specializes in converting diesel transit vans and other heavy-duty vehicles to operate on a hydrogen-diesel mix, thereby promoting a transition to cleaner fuel alternatives. The company also conducts research and development aimed at creating zero-emission hydrogen engines and fuel cell vehicles, which include specialized applications such as ambulances, fire engines, and refuse trucks. By advancing hydrogen technology, ULEMCo aims to support the automobile industry in reducing air pollution and enhancing environmental sustainability.
ULEMCo
Venture Round in 2021
ULEMCo Limited is a company based in Liverpool, United Kingdom, that focuses on retrofitting hydrogen hybrid combustion technology for commercial vehicles. Established in 2014, ULEMCo specializes in converting diesel transit vans and other heavy-duty vehicles to operate on a hydrogen-diesel mix, thereby promoting a transition to cleaner fuel alternatives. The company also conducts research and development aimed at creating zero-emission hydrogen engines and fuel cell vehicles, which include specialized applications such as ambulances, fire engines, and refuse trucks. By advancing hydrogen technology, ULEMCo aims to support the automobile industry in reducing air pollution and enhancing environmental sustainability.
Arcola Energy
Grant in 2021
Arcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles and transport applications.
Pyreos
Venture Round in 2018
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Venture Round in 2016
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Convertible Note in 2015
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Venture Round in 2013
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Venture Round in 2012
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Convertible Note in 2011
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Venture Round in 2011
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Venture Round in 2009
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
Pyreos
Convertible Note in 2007
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.
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