Aggregated Micro Power investment reaches EEX deal

Distributed energy company Aggregated Micro Power Holdings announced on Wednesday that IncubEx, in which it has a 28.8% shareholding, has reached agreement with the European Energy Exchange to form a partnership to build and improve liquidity in environmental, energy and other related contracts.

The AIM-traded company’s chief executive, Richard Burrell, said the company was “delighted” that IncubEx had reached agreement with EEX - part of the Deutsche Borse Group - to allow the trading and clearing of contracts developed by IncubEx.

“IncubEx is now in a position to fulfil its stated aim to innovate and incubate new financial products and services that meet the needs of the global energy and environmental markets,” Burrell explained.

“EEX has established significant market share in the primary and secondary markets of the European Union Emissions Trading Scheme and under the cooperation agreement, EEX and IncubEx will join forces in product development, marketing and sales to ensure close customer contact and to support market growth.

“The IncubEx team, who have extensive experience of environmental markets, is now in a strong position to build a world class business.”