CORRE ENERGY B.V
('Corre Energy' or 'The Company')
Publication of Information Document
Corre Energy B.V. is pleased to announce it has today published an information document in connection with the proposed admission to trading on the Euronext Growth, a market operated by Euronext Dublin ("Admission").
The admission document will shortly be available on the Company's website at https://corre.energy/
Admission and the commencement of dealings is expected to take place at 8 am (Dublin time) on 23 September 2021.
About Corre Energy B.V
Corre Energy is focused on the development, construction and future operation of long duration grid scale renewable energy storage solutions to be complemented by the production and sale of green hydrogen, all of which play a key role in the decarbonisation and deployment of renewable energy sources.
The Company, which is currently in development phase, will use renewable electricity to store compressed air in underground salt caverns, which can subsequently be combined with green hydrogen stored in co-located caverns to fuel the generation of electricity. When renewable electricity supply is high resulting in low prices, Corre Energy will compress air into storage caverns and conversely when renewable electricity supplies are low and prices are high, Corre Energy will generate green electricity from CAES. Additionally, Corre Energy will generate revenue from the sale of electricity market balancing services and will sell surplus green hydrogen production to industry.
For more information, please contact:
| Corre Energy
Keith McGrane CEO Patrick McClughan CCO Nick Gilman CFO |
Via Murray Group
|
| Davy (Sole Bookrunner, Broker and Euronext Growth Adviser)
Barry Dixon John Frain Aoife Foley
|
+353 (0) 1 679 6363
+353 (0) 1 6148922 +353 (0) 1 6148761 +353 (0) 1 6142873 |
| Murray Group (Public Relations): Pat Walsh Doug Keating
|
+353 (0)87 226 9345 +353 (0)86 037 4163 |
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