SCF Makes Additional Investment in Powerstar to Support Continued Growth of its Smart Electrification Solutions

Sheffield, UK – June 2023 – SCF Partners (“SCF”) is pleased to announce it has made an additional investment in Powerstar, a provider of smart solutions and technologies that enhance energy efficiency, affordability, and sustainability for customers across industries. This new investment will support Powerstar’s continued growth as businesses and communities continue to prioritize electrification as a key emission reduction initiative.

SCF has been a minority shareholder in Powerstar since December 2021, working alongside Powerstar founder and majority shareholder Dr. Alex Mardapittas. The transaction represents an exciting opportunity to build on the foundations laid by Dr. Alex over the past 22 years and to position Powerstar as a global leader in smart energy solutions. Dr. Alex will step down from his Chairmanship and as a director of the business, but continue supporting the business as a consultant, utilizing his vast experience in the sector to support Powerstar’s continued growth and development.

Solon Mardapittas, Chief Executive of Powerstar, commented “Alex has been the driving force behind Powerstar’ success all these years. His tenacity, knowledge and vision has taken the business to where it is today and I’d like to personally thank him for his immense contribution to the business. This further investment and commitment from SCF goes to demonstrate the strength of Powerstar’s positioning in the net-zero and decarbonization space, and I’m excited to work with SCF in this next phase of our growth story.”

Colin Welsh, Partner with SCF and Powerstar board director said “Global demand for electricity will grow significantly in the coming decade as transportation and other sectors of the economy move towards electrification. Powerstar’s unique solutions will be critical in enabling reliable and affordable energy supply as consumers move to decarbonize. SCF is excited to continue our support of the Powerstar team and their goal of overcoming the complex power management challenges of the energy transition.”

About Powerstar

Founded in 2001 and headquartered in Sheffield, United Kingdom, Powerstar is a market-leading smart energy solutions provider. It designs and manufactures power resilience technologies that protect customer operations from disruption while enabling net zero goals. Powerstar uses modelling and simulation to create a digital twin of the customer’s site, ensuring that its customized solution will perform reliably. Powerstar supports commercial and industrial users in the manufacturing, healthcare, data center, retail & distribution, defense, and public sectors. To learn more, visit