Helius Energy has floated on the Alternative Investment Market today as scheduled, after raising £2.3m.
31 January 2007 00:00
The biomass power company blasted on to the market with a market capitalisation of £18m.
The company has plans to install biomass generators in the UK and South Africa, some of which will be connected directly to the national grid.
However, the company also plans to install some of the modules at the sites of food and drink manufacturers that will be able to use their own by-products as fuel.
The technology itself will be supplied by major international suppliers of thermal power generators.
The company is confident that it is in a good position to reap the rewards of government legislation designed to boost.
Helius’ nomad for the float is Daniel Stewart and Company and its legal adviser is Pinsent Masons.
© Crimson Business Ltd. 2007