News blog

Aggregated Micro Power Holdings

• BY: Andrew Hore |
• POSTED: 15/07/2014 |

Small-scale, biomass-to-energy generator Aggregated Micro Power Holdings plans to raise £9.5m when it joins AIM on 18 July.

At the placing price of 100p a share, Aggregated is valued at £25.7m.

The main focus of the business is on using wood chip as a fuel source for gasification, which will generate electricity and waste heat that can be used to dry the wood.

Founder and 30% shareholder Neil Eckert is a former chief executive of Climate Exchange, an Aim-quoted carbon trading company that was taken over for £400m. Chief executive and 11.7% shareholder Richard Burrell has launched listed funds in the past and he has his own company Mathieson Capital, which invests in renewable energy businesses. He joined Aggregated in 2012. 

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2014_58.pdf