Energetix raises £4.6m for new boiler venture

CHESHIRE-based Energetix is raising £4.6m through a share placing of 18.2 million shares at 25p to fund a new venture.

The Capenhurst-based company said it would create an "unique dual fuel energy company" that will provide its Kingston microCHP boilers free to its customers in return for a commitment to purchase gas and electricity for a fixed period.

Called Kingston Energy the venture will be led by former energy regulator Clare Spottiswoode, who joined Energetix as a non-executive director last year, and ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...