Zenergy Power failed to secure a order for its non-superconducting fault current limiter (FCL) product by Easter and it is reassessing its options.
Shares in Zenergy fell 1.85p to 5.3p, which values the company at £3.66m.
There are continuing discussions with more than a dozen global utility businesses. The two best prospects are with electricity utilities in the US and Russia. Zenergy needs firm orders in order to secure its future.
Potential strategic options are being considered.
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