Kyoto raises funding to support acceleration of Heatcube installations
Oslo, Norway 15 March 2024 – Kyoto Group (Kyoto) is pleased to announce that the company has successfully executed a directed share issue of NOK 39 million with existing shareholders Spirax-Sarco, Iberdrola and Klaveness Marine.The directed share issue is executed to fuel the acceleration of impending Heatcube installations. The net proceeds from the investment will be used to cover the company's liquidity needs, including pre-ordering of long lead-time items for production of Heatcubes, strengthening of project execution capabilities, continued market expansion and general corporate