Nascent Energy Limited raised £150,000 through a SEIS offer in 2015 to fund the provision of specialist property consulting services to the renewable energy industry. Following changes to the Renewables Obligation in the 2014 and 2015 Finance Bills, demand for consented solar PV sites diminished, forcing the company to adopt a new business strategy.

Following a board meeting in November 2015, the Company decided to apply its planning consultancy services towards so-called “peaking power” plants which involve the installation of diesel and gas generators in locations with grid connections to take advantage of peak-load power prices and incentives.