Logan Energy Restructures for Growth

Edinburgh based Logan Energy Limited, the fuel cell and hydrogen solutions provider, has undergone a share restructure

Edinburgh based Logan Energy Limited, the fuel cell and hydrogen solutions provider, has undergone a share restructure. Previously Atlanta based Logan Energy Corporation held a majority shareholding in Logan Energy Limited but the redistribution of shares has given Logan Energy Limited independent status. The realignment will enable the company to obtain second round financing that will fund its expansion into new markets.

Logan Energy Limited is the market leader in integrating fuel cell powered systems. Fuel cells, which produce electricity via an electrochemical process, are the most efficient form of distributed electrical generation and are increasingly playing a significant role in the reduction of carbon emissions globally and providing resilient power solutions.
The equity is now spread across five shareholders: SSE Ventures Ltd., Scottish Enterprise's Scottish Investment Bank, Logan Energy Corporation and Logan Energy Limited's two working directors John Lidderdale and Bill Ireland. The existing shareholders SSE Ventures Ltd., Scottish Enterprise and Logan Energy Corporation are fully supportive of the move and are excited about the opportunities the development of the business going forward.
Distributed fuel cell based systems are often the most effective way of achieving customer's goals. Drivers are different in Europe, where the focus is around carbon reduction and maximising energy efficiency. In other parts of the world the focus is on security of supply.
Logan Energy Ltd has been installing fuel cells since 1995. To date they have installed over 170 systems and are currently responsible for over 18MWe of output.
John Lidderdale, Managing Director of Logan Energy said; "The new structure enables us to secure the second round funding that, in turn, will allow us to stay ahead of the growth curve in our market place which is currently doubling every year and is likely to far exceed this."

Featured Product

TRA SNOW AND SUN - SOLAR TILE MOUNT

TRA SNOW AND SUN - SOLAR TILE MOUNT

You haven't installed a tile mount that is easier to install than the Solar Tile Mount manufactured by TRA Snow and Sun. Solar Tile Mount is used on all tile roof profiles: flat, mid, and high. It is made in the USA of aluminum alloy for strength and excellent corrosion resistance. Solar Tile Mount is built to allow more ease in installation with more rise from the tile surface to the rail for better air flow below panels. The adjustable base is longer than most allowing attachment 6" to the left or right to have the bracket in the base of the pan of the tile and still fasten to the rafter. Solar Tile Mount is adjustable for counter batten systems from ¾" to 3". The horizontal rail is directly above base fasteners giving greater uplift resistance than any other system. For superior waterproofing apply TRA Snow and Sun's butyl backed VersaFlash aluminum flashing. No tile flashing is needed on top of the tile for greater labor and material cost savings.