The investment from Low Carbon Accelerator Ltd is to enable the company to grow in order to meet global demand for renewable power sources such as wind power.
The funding will also be used in research and development as the company seeks ways of making its turbines more innovative.
Proven is currently developing an onshore system, Windcrofting, which could be used to create dozens of mini-windfarms across the UK.
It already has a track record of producing marine-grade ‘explosion proof’ wind turbines for companies such as Shell, Sainsbury’s, B&Q and T-Mobile.
At the same time as the investment the company will be adding new members to its board; Jeff Harding, formerly CEO of Pacific Hydro, Australia’s largest renewable company, and Andrew McMullan, former deputy CEO of online business BoardEx.
McMullan, who has become managing director, said: “I am very pleased to join Proven Energy at this exciting stage of the company's development.
“The LCA investment enables us build production capacity in a state-of-the-art factory and deliver on the large customer orders we are experiencing.
“We will be creating a significant number of jobs locally as we build the business.”
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