Feasibility, an AI startup founded at Durham University, lands a £200,000 pre-seed round from PXN Ventures's PraeSeed programme as part of the Northern Powerhouse Investment Fund II, to alleviate renewable energy planning bottlenecks.
The Northern climate-tech startup founded by Durham University graduates Beth Holloway and Leo Thomson, aims to transform planning cycles for renewable energy. The company is on a mission to remove bottlenecks in the planning process; its first product is an AI-powered geospatial platform designed to accelerate renewable energy development.
This latest investment brings Feasibly’s total funding raised straight out of university to over £500,000, including two foundational R&D grants from Innovate UK.
Feasibly is tackling one of the UK’s biggest and most expensive climate bottlenecks: renewable energy planning. In the UK, over 80% of new renewable projects fail during the various planning stages, representing an estimated £1.2bn in lost investment each year. These delays create long project cycles that could hinder progress toward the UK’s net zero targets.
Feasibly’s AI-native geospatial agent replaces the months of manual data analysis, spreadsheets, and consultant reports. The platform allows developers to use natural language search to find and vet sites in seconds.
The new funding will be used to double Feasibly's engineering team and commercially launch its platform, which is already in trials with UK energy developers.
