Sign up Australia
Proactive Investors - Run By Investors For Investors

Greenearth Energy grows industrial lighting division

Greenearth Energy grows industrial lighting division

Greenearth Energy's (ASX:GER) Vivid Industrial division continues to see growth in forward orders, in Australia and New Zealand, across the industrial and infrastructure sectors.

Greenearth also secured the extension of technology rights through Asia, Africa and North America during the quarter, and first installations of its cloud-based electricity consumption monitoring were completed.

The company's fuel technology division, which holds the option to aquire 33% of NewCO2Fuels, is assisting progression of a European pilot project for anticipated 2016 development.

Activities included enhancing pilot-scale reactor design for other global opportunities, and pursuing business development with potential partners across Europe, Korea, China and North America.

The company recently completed a share placement at $0.085 per share, raising $4.2 million to accelerate business growth.

Late last year, Technip (EPA:TEC) completed an independent evaluation NewCO2Fuels.

Technip was engaged by NCF’s Board to assist in validating its CO2-to-fuel conversion technology and assessing its potential commercial viability and opportunities.

The evaluation revealed positive progress, a strong technology platform and performance capability likely to yield compelling IRRs for customers.

Technip is a world leader in project management, engineering and construction for the energy industry. It has 40,000 employees across 48 countries, and is listed in France with annual revenues of €9 billion.

The report also confirmed the likelihood of NCF achieving commercial readiness in 2017.

Observations and findings of the Technip report were consistent with those of a previous independent review conducted by WorleyParsons (ASX:WOR) in September 2013.

NCF won the 2014 World Technology Network award for Energy, joining past winners including Apple, Facebook, Google, Honda, IBM, Skype, and Tesla Motors.

NCF’s technology was also recently named by the Australian Government as a future fuel in its Alternative Liquid Fuel Technology Assessment report, and NCF was allocated funding from the US Government Department of Energy technology.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.



Register here to be notified of future VIV Company articles
View full VIV profile

Vivid Technology Timeline

Newswire
October 15 2015
Newswire
March 30 2015

Related Articles

Ceres' SteelCells
March 08 2017
Ceres’ unique SteelCell – initially developed by researchers at Imperial College - are the most cost effective, robust and energy efficient fuel cells being developed.
Big tidal wave
February 24 2017
That progress as a leading tidal power developer was underlined again today as broker Macquarie today issued a very bullish initiation note on the group.
sabein-tech--1.png
September 19 2016
Despite bumps along the way, boiler optimisation firm Sabien Technology is making headway with its revised sales strategy.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.