Mitsui, Japan sign deal to acquire a stake in Erova Energy Limited.

Mitsui, Japan sign deal to acquire a stake in Erova Energy Limited.

Full article here:

https://erovaenergy.com/News/mitsui-partner/

Mitsui & Co., Ltd. (“Mitsui”) have acquired a stake in Erova, participating in their business, in a deal that will accelerate the two and half-year-old company’s growth plans.

Erova was establish in 2015 and has grown rapidly in both financial strength and products offered to the market. Having created a bespoke trading platform with 24/7/365 operation capabilities and trading across the full energy spectrum (power, gas and certificates), Erova has been able to offer bespoke Route to Market agreements in the UK and Ireland. Providing asset revenue optimisation through effective dispatch, imbalance management and active trading, giving developers and suppliers access to a trading team without the need for complex market setup. With the Irish market expected to transit to the new I-SEM in 2018, Erova look to lead the way on new balancing management products to help developers to continue to bring their assets to financial close.