Automated Accounts Payable provider Glantus Holdings raises 14M and successfully floats on AIM. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Infinite Power seeks to raise funds for UK power cell plant

Fri, 25th Sep 2020 07:52

LONDON, Sept 25 (Reuters) - Infinite Power is seeking to
raise 25 million pounds ($32 million) to construct its first
production facility in Britain to make power cells to provide
clean energy to industry.

The company has developed power cells which operate in a
similar way to how solar cells capture the sun’s energy and
convert it into electricity.

Instead of converting the suns rays, Infinite Power's cells
converts the radiation wave emitted from a radioisotope, which
is an atom that has excess nuclear energy, into electricity.

The technology was developed at a research and development
facility in Cumbria. The firm said there is no nuclear waste -
the isotope decays into a stable material that can be sold,
reused, or disposed of.

The company aims to develop a 10 megawatt (MW) plant powered
by the cells which could provide energy to small communities or
industrial estates and then ramp up to large plants over 1

"We’re talking to investors both here in the UK and in the
US. Interest is strong and we’re now looking to secure a site to
build our (first) plant," chief executive Robert McLeod told

($1 = 0.7842 pounds)
(Reporting by Nina Chestney. Editing by Jane Merriman)

More News

UPDATE 1-Santander says all UK services working again after technical difficulties

(Adds latest statement)LONDON, May 15 (Reuters) - Santander told UK customers that all of its banking services were back up and running late on Saturday after technical problems stopped cash withdrawals and online account access for much of the da...

15 May 21 21:29

Soccer-Spotify founder Ek says his bid for Arsenal was rejected

LONDON, May 15 (Reuters) - Spotify CEO and founder Daniel Ek said on Saturday an offer to buy Premier League Arsenal had been rejected by owner Stan Kroenke's family.Ek took to Twitter to issue a statement correcting "inaccurate reports" that he had ...

15 May 21 20:44

Britain reports 2,027 new COVID-19 cases, seven deaths

LONDON, May 15 (Reuters) - Britain reported 2,027 new COVID-19 infections on Saturday, as well as a further seven deaths within 28 days of a positive test.The official data also showed that 36.32 million people had received their first dose of a C...

15 May 21 18:03

Santander says technical difficulties affecting UK customers

LONDON, May 15 (Reuters) - Santander told UK customers on Saturday a technical problem was affecting its services, stopping people from withdrawing funds from some of its cash machines and from logging onto their accounts online.The bank has 14 mi...

15 May 21 14:45

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.