Corre Energy B.V.
("Corre Energy" and the "Company")
Update on Investment and Appointment of Financial Adviser
Corre Energy, the leading developer of long duration energy storage (LDES), refers to interest from multiple parties to invest in the Company, announced to the market on 25 March 2024.
A process with these investors is ongoing to provide additional funding for capital expenditure for the various projects and working capital. There is no certainty that any investment will be made nor on the size and structure of such an investment.
Corre Energy announces that it has appointed Rothschild & Co as financial adviser to assist the Company in assessing these options.
For further information, please contact:
| Corre Energy | +31 (0) 50 799 5060 |
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| ir@corre.energy |
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| Davy (Euronext Growth Listing Sponsor) Barry Dixon, Head of Decarbonization Finance
| +353 87 689 9195 barry.dixon@davy.ie |
ABOUT CORRE ENERGY: Corre Energy designs, develops, constructs, and operates utility-scale Long Duration Energy Storage (LDES) projects in Europe and North America. Through our project development activities, Corre Energy is working to accelerate the energy transition to net zero, while enhancing the security and flexibility of large-scale energy systems.
N.M. Rothschild & Sons Limited, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting for Corre Energy and no one else in relation to the potential transaction and will not be responsible to anyone other than Corre Energy for providing the protections afforded to our clients nor for providing advice in relation to the potential transaction.
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