Energy firm Powervation spun out of UL

A nine-month-old spin-out company from the University of Limerick has raised funds to develop and launch energy-management technology.

16th September, 2006

A nine-month-old spin-out company from the University of Limerick has raised funds to develop and launch energy-management technology.

Powervation has been backed by Shannon Development and 4th Level Ventures, the Dublin funder that specialises in commercialising academic research.

It is understood that the company has raised about €1 million since it was incorporated in January.

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