Aggregated Micro Power Holdings PLC IncubEx completes Partnership Agreement with EEX (8172M)
August 02 2017 - 3:00AM
UK Regulatory
TIDMAMPH
RNS Number : 8172M
Aggregated Micro Power Holdings PLC
02 August 2017
Aggregated Micro Power Holdings plc
("AMP", the "Group" or the "Company")
IncubEx in Partnership Agreement with the European Energy
Exchange
Aggregated Micro Power Holdings plc (AIM: AMPH), a distributed
energy company specialising in the sale of wood fuels and the
financing and installation of distributed energy projects including
biomass boiler ESCOs (Energy Supply Contracts), stand by power
generation and battery storage facilities, is pleased to announce
that IncubEx (in which AMP has a 28.8% shareholding) has reached
agreement with the European Energy Exchange ("EEX") to form a
partnership to build and improve liquidity in environmental, energy
and other related contracts. The IncubEx/EEX joint press release
can be found at the following link: www.theincubex.com/news
Richard Burrell, Chief Executive of Aggregated Micro Power
Holdings plc, said:
"We are delighted that IncubEx has reached this agreement with
EEX, which is part of the Deutsche Borse Group, to allow trading
and clearing of contracts developed by IncubEx. IncubEx is now in a
position to fulfil its stated aim to innovate and incubate new
financial products and services that meet the needs of the global
energy and environmental markets. EEX has established significant
market share in the primary and secondary markets of the European
Union Emissions Trading Scheme and under the cooperation agreement,
EEX and IncubEx will join forces in product development, marketing
and sales to ensure close customer contact and to support market
growth. The IncubEx team, who have extensive experience of
environmental markets, is now in a strong position to build a world
class business."
Contacts
Aggregated Micro Power Holdings plc 020 7382 7800
Neil Eckert, Executive Chairman
Richard Burrell, CEO
Helene Crook, Investor Relations
Haggie Partners
Peter Rigby / Brian Norris 020 7562 4444
finnCap Ltd
Ed Frisby/Simon Hicks (Corporate Finance) 020 7220 0500
Stephen Norcross (Corporate Broking) 020 7220 0513
About Aggregated Micro Power Holdings plc
The AMP Group was established to develop, own and operate
renewable energy generating facilities. It specialises in the sale
of wood fuels and in the installation of distributed energy
projects. AMP's wholly owned subsidiary Forest Fuels sells high
quality wood chip and wood pellet to end customers throughout the
UK, while its projects division installs biomass boiler and biomass
CHP systems for a wide range of applications and customers. AMP is
also active in developing projects for stand-by power generation
and battery storage facilities which aim to balance the
transmission grid at times of peak demand. www.ampplc.co.uk
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRLLFVDTLILIID
(END) Dow Jones Newswires
August 02, 2017 04:00 ET (08:00 GMT)
Aggregated Micro Power (LSE:AMPH)
Historical Stock Chart
From Apr 2024 to May 2024
Aggregated Micro Power (LSE:AMPH)
Historical Stock Chart
From May 2023 to May 2024