2 Aug 2017 09:00
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
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Haggie Partners Peter Rigby / Brian Norris
| 020 7562 4444 |
finnCap Ltd Ed Frisby/Simon Hicks (Corporate Finance) Stephen Norcross (Corporate Broking) |
020 7220 0500 020 7220 0513
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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.