Ripasso Energy AB (publ): Yearend report 2018, Q4

Clean tech company Ripasso Energy AB publishes its Yearend report for 2018 today.

Swedish clean tech company Ripasso Energy AB is publishing its interim report for the period 01-10-2018 – 31-12-2018 today. The report is available for download in its entirety on the company’s website. Significant events during the period include the following:

  • Ripasso Energy AB signed a letter of intent with Glencore for the installation of at least 44 and no more than 136 PWR BLOK units in South Africa. The value runs to between SEK 240 and 740 million (EUR 22-68 million) and reduces carbon dioxide emissions by between 154,000 and 476,000 tonnes/year. The project may become the largest waste-to-energy (“WtE”) project ever implemented in Africa.
  • The Board of Directors of Ripasso Energy AB resolved to convene an Extraordinary General Assembly on 16 January 2019 with a proposal for the issue of convertible bonds in the amount of at most SEK 79,505,021 with preferential rights for existing shareholders. 
  • The company hired Sven Ljungberg as its Chief Communication Officer. The recruitment is part of our effort to strengthen our own organisation and to adapt the company ahead of its planned listing on a regulated market. Sven most recently worked as a consultant. Before that, he served as director of communications and branding at Skandia for many years.  
  • The company filed a patent application for the company's PWR BLOK 400-F product with the European Patent Office (EPO). The application concerns a system for central monitoring and control of the working gas in each Stirling engine within a PWR BLOCK and makes the product more affordable to manufacture while also improving its efficiency. 

For further information please contact:

Gunnar Larsson, CEO, ir@ripassoenergy.com


About Ripasso Energy

Ripasso Energy is a Swedish clean tech company founded in 2008 with a mission to further refine the incomparable ability of Stirling technology to convert thermal energy to electricity. The company offers a variety of solutions enabling power generation at record-low prices compared to other climate-friendly and sustainable alternatives. Ripasso Energy’s Stirling engine can handle a wide range of fuels. The company’s latest product, the PWR BLOK 400-F, converts industrial residual and flare gases into electrical energy at a high rate of efficiency. The company’s shares are listed in Sweden (on the NGM Nordic MTF), and can also be traded on the Börse Stuttgart in Germany. Read more at www.ripassoenergy.com.

Ripasso Energy is required to disclose this information in accordance with the EU Market Abuse Regulation. The information was submitted for publication at the initiative of the above contact person on February 4, 2019 at 11:00.