Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Verditek wins grant from Innovate UK for Zimbabwe project

Mon, 13th Sep 2021 17:09

Verditek PLC - London-based company producing solar panels - Announces successful application for an Innovate UK grant, which will part fund the company's development alongside local partners of an ultra-lightweight portable micro solar energy system, which is expected to provide renewable power - from 50 watts to 1.5 kilowatts - to off-grid communities in Zimbabwe.

The total project costs is around GBP450,000, 70% of which will be covered by the grant. The project will start on October 1, and last for 18 months.

"We are delighted to have been awarded this grant to apply our technology to a real-world pressing issue. Addressing the need for sustainable, portable green energy in developing nations is an important challenge today," said Chief Executive Officer Rob Richards.

Current stock price: 4.22 pence

Year-to-date change: down 53%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
6 Mar 2024 09:25

AIM WINNERS & LOSERS: Challenger Energy up on Chevron farm-out deal

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

1 Mar 2024 18:29

TRADING UPDATES: Alpha Real Trust says in "robust" financial shape

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

28 Feb 2024 18:13

TRADING UPDATES: AB Dynamics trades in line; Verditek sells solar arm

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News:

28 Feb 2024 14:31

Verditek shares jump as it agrees sale of solar assets

(Sharecast News) - Verditek shares were surging on Wednesday afternoon, after it announced a conditional sale and purchase agreement to divest its sol...

23 Feb 2024 20:08

IN BRIEF: Verditek sale talks going well but future still uncertain

Verditek PLC - London-based producer of lightweight solar panels - Says talks with the bondholders in relation to the proposed disposal of its solar b...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.