Foresight Group and Williams Advanced Engineering has made a £1.6 million investment into Oxford University spin-out Mixergy Limited, which is set to revolutionise the global hot water tank market and reduce the cost of energy for consumers.

Mixergy was founded in 2014 by Peter Armstrong, CEO, and Ren Kang, Head of R&D, following the completion of their PhD research at Oxford University where the duo originally developed the idea during their doctoral research.  The team has since grown to 17 staff and built strong relationships with British Gas, a major installer of tanks.