News blog

Acta

• BY: Andrew Hore |
• POSTED: 01/04/2013 |

Cleantech energy products developer Acta has developed commercial products and they should generate increasing revenues this year.

Acta has secured an Indian distribution agreement for its electrolysers with MVS Energy Solutions. The core market will be back-up units for telecoms base stations. MVS hopes to sell at least 100 electrolysers this year. MVS intends to integrate them with a fuel cell. There are 65,000 base stations installed in India each year.

Acta has already started to increase its production capacity. The company has developed its own integrated electrolyser and fuel cell.

Althouhg Acta reported a sharp reduction in revenues in 2012 the previous year included photovoltaic services. Stripping those out the revenues quadrupled to €436,000. The loss increased from €1.94m to €3.13m.

There was €178,000 in the bank at the end of 2012. A £2.1m (€2.4m) fundraising was completed a few days later. Grant funding of €1.4m should be received this year.

At 6.75p a share, Acta is valued at £9.48m.

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