The move by the company, which has a market capitalisation of £27m, is a sign of the growing attractiveness of the green and renewable technology sectors to the City.
The company takes prototype designs for clean technologies such as clean coal power and biomass boilers, develops them and launches them on the market as commercial propositions. The firm, which was established two years ago, is obtaining several patents.
It has raised £7.5m through the placing, which values its shares at 63p. It will invest the proceeds in expanding its portfolio. Read More.
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