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.

View full VIV profile View Profile

Vivid Technology Ltd Timeline

June 07 2017

Related Articles

Vault online software in the cloud image
August 08 2018
The company has achieved strong sales on the back of its risk and safety management software systems.
Mexican flag
March 26 2018
PLCs in emerging markets no longer have to find someone to promote their company to overseas investors
An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use