Brief: Photon Energy Group Invests PLN 8.75 Million And Increases Its Stake In Lerta To 24%

Photon Energy NV

30/12/2021 11:03

Dec 30 (Reuters) - Photon Energy NV  PENP.WA :
    * PHOTON ENERGY GROUP LEADS SERIES A EQUITY ROUND IN LERTA
    * EQUITY FINANCING ROUND IS PART OF A DEEPENING STRATEGIC
PARTNERSHIP BETWEEN COMPANIES AND HAS RAISED PLN 12.75 MILLION
FOR LERTA
    * PHOTON ENERGY GROUP INVESTS PLN 8.75 MILLION AND INCREASES
ITS
EQUITY STAKE TO 24%
    * NEWLY RAISED CAPITAL WILL HELP LERTA GROW ITS VIRTUAL
POWER
PLANT (VPP) BUSINESS AND ROLL OUT ITS ENERGY TRADING ACTIVITIES
AFTER OBTAINING ELECTRICITY TRADING LICENSES IN POLAND, HUNGARY,
ROMANIA AND CZECH REPUBLIC
    * BOTH COMPANIES ARE ADVANCING INTEGRATION OF PHOTON ENERGY
GROUP'S BEHIND--METER ELECTRICITY OFFERING WITH LERTA'S
ELECTRICITY TRADING AND VPP SERVICES TO CORPORATE CUSTOMERS
THROUGHOUT CEE REGION

Source text for Eikon:  ID:nEQ93929Za 
Further company coverage:  PENP.WA 

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