Proactiveinvestors United Kingdom http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom RSS feed en Thu, 09 Feb 2012 12:35:40 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Low Carbon Accelerator increases stake in UK wind turbine maker Proven Energy to 49.83 pct http://www.proactiveinvestors.co.uk/companies/news/5046/low-carbon-accelerator-increases-stake-in-uk-wind-turbine-maker-proven-energy-to-4983-pct-5046.html Low Carbon Accelerator Ltd said it has increased its equity holding in Proven Energy Ltd to 49.83 percent through a further investment of £500,000. It has thus invested a total of £7.15 million in the manufacturer of small-scale, high-performance wind turbines in the UK.

Proven's clients include Sainsbury, B&Q, T-Mobile and Shell, for whom it provides marine-grade, explosion proof wind-turbines to power offshore gas platforms in the North Sea.

The new investment will be used to accelerate the product development of the enhanced 6kW and 15kW turbines; upgrade the production quality-control systems to improve yields; and expand the senior management team for the next phase of growth. 

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