GT Energy raises €1.6m from investors and grants

An Irish firm that aims to become a major p layer in geothermal energy has raised almost €1.6 million in equity and grant funding.

24th April, 2010

An Irish firm that aims to become a major p layer in geothermal energy has raised almost €1.6 million in equity and grant funding.

GT Energy, which plans to generate energy from steam from deep in the earth, got first-stage funding of €1 million from private investors, and also secured grant aid of stg£500,000 (€575,000) from the British government. The money will be used to develop projects in Ireland and Britain while further fundraising continues....

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