Ripasso Energy publishes year-end report

Today, Ripasso Energy has made public the year-end report for the period January 1 – December 31, 2017. 

Among others, the Company reports the following significant events during the year:

• Introduced the product PWR BLOK for electricity generation from residual gases in the blast furnace industry.
• Signed the first sales agreement with our customer, Afarak Mogale (Pty) Ltd in South Africa, regarding the sale of seven PWR BLOK units.
• Completed two over-subscribed rights issues, adding a total of MSEK 116.8 of funds to the Company.

The year-end report can be found either attached to this release or at the company’s website.

For additional information related to this press release, please contact Ripasso Energy’s CEO and founder Gunnar Larsson at ir@ripassoenergy.com. For additional information about the company, please visit www.ripassoenergy.com. You can also sign up for the company’s newsletter on the website. 

Ripasso Energy is a Swedish cleantech company founded in 2008 to further develop the Stirling technology’s outstanding ability to convert heat energy into electricity. The company offers different solutions for power generation at record low prices, compared to other climate-smart and sustainable alternatives. Ripasso Energy’s Stirling engine has unofficial world record in converting solar energy to electricity with close to twice as high efficiency as competitive technologies. The company is listed in Sweden (NGM Nordic MTF) and can also be traded at 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 14, 2018, at 08.00 CET.