Clean energy firm goes public

Verditek raises £2.75m from IPO to invest in clean energy technology

Clean energy firm Verditek has listed on London’s AIM market as it seeks investment for its technologies.

The company said it is responding to increased desire from investors to find returns from clean technology.

It hopes to invest in solar panel technology, liquid gas absorption for carbon capture, and emission control and a filtration systems, which de-odorises air in wastewater treatment systems.

These three main areas of its business have associated products that Verditek believes have short-term revenue potential.

Verditek raised £2.75 million from its initial public offering.

Janice Wall, head of the corporate business group at law firm Wedlake Bell, which advised on the IPO, said: “Our client Verditek achieve its desired goal of becoming a public company, as it seeks to expedite the realisation of its growth strategy.”

In addition to the IPO, Verditek has also named Geoffrey Nesbitt, chief technology officer at FTSE 250 oil services group Petrofac, as its chairman.

José Luis del Valle, a former chief executive of Scottish Power, has also joined the company as a non-executive director.