The company is planning projects to install a number of biomass generators in the UK and South Africa.
Some of these, the larger generators, will be located in existing industrial areas and will be linked 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.
Helius is confident that it is in a good position to reap the rewards of government legislation designed to boost
John Seed, chief executive, said today: “We look forward to listing on the Alternative Investment Market, which we believe will further enhance our ability to take advantage of the exciting growth opportunities to develop biomass as a sustainable source of renewable power.”
It is anticipated that Helius will begin trading on the exchange on January 31.
Daniel Stewart & Company plc is the company’s nominated adviser and broker for the AIM flotation.
© Crimson Business Ltd. 2007