Rock Energy signs Letter of Intent for new installation
Net Trading Group AB (‘Net Trading Group’) announced today that its subsidiary, Rock Energy Group Limited (‘Rock Energy’), has entered into a Letter of Intent agreement with a Norwegian food producer. The new Rock Energy installation is planned to be developed in conjunction with the client’s new food production plant on the western coast of Norway. The location of the client’s new plant has limited access to electricity and is expected to require over 30 MW of energy per year, far in excess of the power requirements of traditional plants.
- Rock Energy is very excited about this opportunity to provide sustainable energy to this environmentally conscientious client. This letter of intent reflects not only the active collaboration we have had with our customer, but also that Rock Energy’s technology can be applied to diverse locations and industries, says Jan Evensen, CEO of Rock Energy.
For further information, please contact:
Net Trading Group AB
Net Trading Group NTG AB (publ)
c/o Mcon AB
Södra Larmgatan 4
411 16 Göteborg
Net Trading Group NTG AB (Trading Symbol: NTGR) is a holistic Nordic ESG company owning unique technologies related to energy production and energy saving via Rock Energy and Lightcircle, respectively. Our technology enables us to follow the power through the entire circuit - from our power plants to our smart and unique electrical outlets. By bundling the product mix of both Rock Energy and Lightcircle, larger developers can now source energy in areas where there is no network, thus reducing the concerns surrounding unpredictable energy costs and unstable or overloaded grids.