Energy storage firm Gravitricity has appointed corporate finance specialists Gneiss Energy to spearhead a £40 million funding drive – with the goal of building three demonstrator projects in the next five years. Earlier this year the Edinburgh-based energy storage technology developer unveiled their H2 FlexiStore hydrogen storage technology as a new product alongside their existing gravity-based technologies.
Sound Energy, the transition energy company, has provided an update on the Phase 2 development financing of its Tendrara Production Concession, an update on the Company s exploration and appraisal activities and the launch of a farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits.