Change of Adviser and Broker

RNS Number : 5715E

Camco Clean Energy PLC

11 February 2015

 

            Wednesday 11 February 2015

Camco Clean Energy plc

Change of Adviser and Broker

Camco Clean Energy plc (AIM:CCE), the clean energy and energy storage company announces that finnCap Limited has been appointed as Nominated Adviser ("NOMAD") and Broker with immediate effect.

Enquiries:

Camco Clean Energy plc                                             [phone]

Scott McGregor, Chief Executive Officer

Jonathan Marren, Chief Financial Officer

finnCap (Nominated Adviser and Broker)                         [phone]

Julian Blunt/James Thompson (Corporate Finance)

Tony Quirke (Corporate Broking)

Newgate Communications (Financial PR)
Tim Thompson, Helena Bogle, Edward Treadwell	[phone]

About Camco Clean Energy

Camco Clean Energy plc (AIM: CCE) is a clean energy development company which combines technical and commercial expertise to finance, develop, and operate renewable energy projects and storage technology.

With 25 years of experience and an outstanding track record throughout Asia, North America, Africa and Europe, Camco works with local developers, governments, development banks, and private investors to implement clean energy projects, policies, and technologies and reduce emissions.

In the last year, Camco brought an advanced energy storage technology to market (REDT energy), secured an investment advisory fund mandate for African renewables, and has developed utility scale biogas plants in the US.

About REDT energy

REDT has developed a new and proprietary energy storage technology which enables the efficient and sustainable storage of electrical energy in liquid form.  The multi-valent properties of the Vanadium Redox electrolyte are used to provide a storage medium of virtually unlimited life with a system able to last more than 10,000 deep charge/discharge cycles. Combined with its very low maintenance requirements, REDT systems are able to deliver some of the lowest Total Cost of Ownership (TCO) results in the industry. Long discharge durations are achieved by the simple addition of extra electrolyte capacity at a relatively low marginal cost.

Until now it has not been possible to directly compare variable RE generation with firm diesel or fossil fuel generation. PV + Storage is now reaching 'grid parity' in many countries, a paradigm shift in energy production, which will ultimately enable the complete displacement of conventional fossil fuel power with renewable generation. The REDT system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.

 

END

 

 

APPBRGDDXBBBGUG