As business confidence returns, Anderson Anderson & Brown (AAB), the tech enabled business critical services group, has reported a substantial uplift in demand for its fundraising services in the energy technology sector.
In the most recent quarter alone, AAB has advised on three transactions for its clients Intebloc, Forev and isol8 in this growing sector, with a combined value of more than £5.5million.
AAB helped to secure significant investment for Intebloc, the intelligent crane and lifting technology company, from Stena Drilling, in exchange for a 30% stake in its business. This transaction underscores heightened interest from larger industrial organisations in making strategic investments which offer access to new innovation.
The firm also advised on the £2 million investment from The Scottish National Investment Bank into Forev, the electric vehicle charging network owner and operator whose goal is to bolster the EV charging infrastructure in Scotland.
More recently, AAB supported isol8 Ltd in a transaction to secure £3.5 million of funding from BGF. isol8 is emerging as a pioneer in zero emission oil and gas wellbore barriers, an innovative technology that is helping to drive down global methane and carbon dioxide emissions.
Alasdair Green, Director and Lead of the Energy team at AAB, said: “Positive interest in these three diverse and growing companies not only demonstrates healthy investor appetite for and commitment to energy technology, it also highlights the diversity of progressive innovation that can be found in this sector.
“Whereas conventional investor themes such cost reduction, efficiency improvements, high quality management teams and clear business strategies will always be core, emerging themes demonstrated by these fund-raising transactions include growing interest in green energy and clean tech, digitalisation and emissions control.
“As the energy sector and wider economy recover from the pandemic, and continue to adapt to dynamic and changing market pressures, it is extremely encouraging to see companies grow through innovating and developing new technology. At AAB, we are very proud to have supported these three recent deals which exemplify the increased demand for our services that we are experiencing from the energy technology sector.”