Low Carbon Accelerator Limited has made a 23% equity investment of £300,000 in Turbine Developments and has the right of first refusal for further funding rounds.
Turbine Developments, a company spun out from Queen's University,
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‘Turbine Developments' technology will enable operators to continue generating renewable power and avoid wasteful gas flaring, significantly extending the life of their asset base,’ commented Mark Shorrock, Chief Executive of Low Carbon Initiative Limited, the company's Investment Manager. ‘This investment represents an important addition to our clean energy portfolio.’
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