Tersus Energy
| website: | http://www.tersusenergy.com |
Company details
[Login to edit this information]What does it do?
Invests, operates and advises businesses in renewables, biofuels and energy consumption controls.How is it social?
Tersus Energy invests in renewable energy projects and waste to biofuel technology.
What is its business model?
Tersus Energy PLC (Tersus) invests in, operates and advises businesses in the renewable energy sector with particular emphasis on Asian renewables, biofuels and energy consumption controls. Since incorporation, Tersus Energy has been building three separate business arms:
- Asian Renewables, which focuses on wind, biomass and clean coal in Asia
- Bioenergy, which focuses on biomass-to-electricity and biofuels globally
- Energy Controls, which looks at efficiency applications for hybrid/electric vehicles.
Its main countries of operation are Canada, the USA and Asia. In recent months the company has decided to scale down its Energy Controls arm and concentrate on bioenergy and renewables. To that end, it has sold its stake in Navitas, a Canadian developer and manufacturer of electronic control equipment for electric powered vehicles. Tersus has been seeking financing for the acquisition of wind farms with capacities ranging from 15mw to 50mw. Tersus Energy's strategy is to invest across a number of platforms in the most attractive areas of the market in order to spread risk while maintaining investmetn nets. However, Tersus is in need of capital and is seeking additional finance. It was in takeover talks for some time, but concluded in September '08 that the best solution would be to cancel the company’s admission to trading on AIM. Instead the company intends to focus on their existing investments and minimise overheads with a view to realising the investments in due course and making distributions to shareholders.
Its history
Tersus Energy was incorporated as MCC Energy in December 2004. MCC had been trading for a number of years before that as a strategic advisor in the energy sector. MCC in turn was spun out of Moore, Clayton & Co, a private-equity firm with interests ranging from energy to healthcare and financial services. MCC Energy was admitted to trading on AIM in February 2005, raising £3m. An additional £4m was raised in December 2005, and the money was invested in various acquisitions and investments. The company changed its name to Tersus Energy in November 2005.
More information
| Current shareholders: | Moore Clayton and Co, 18.11% Morley Fund Management, 17.55% TT International Invertment Management, 7.30% AXA Framlington Investment Management, 7.16% Presbury Investments Holdings Limited, 5.8% Artemis Investment Management, 4.73% Steve Levine, 4.69% Hargreave Hale & Co, 4.06% |
| Chair: | John Devaney |
| Year of incorporation: | 2004 |
Company snapshot
| Company type: | PLC |
| Address: | 7 Farm Street, London, GB, W1J 5RX |
| Telephone: | +44 (0)20 7408 5420 |
| Blog: | |
| CEO: | John Devaney |
| Industrial sector: | Energy and Water |
| Social / Environmental benefit: | Climate change; Waste reduction; |
| Certifications: | |
| Social business sector: | Alternative Energy and the Environment; |
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