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Corre Energy BV - Groningen, Netherlands-based renewable energy storage solutions and green hydrogen producer - Pretax loss widens to €34.3 million from €7.6 million, and the company has zero revenue against €5,000 in the previous year. The company says this loss was driven by a €5.6 million employee related costs and by €7.0 million administration costs. Corre Energy raises €10.9 million through a capital increase in May 2022. Chief Executive Keith McGrane says: ‘2022 was about putting in place the building blocks for growth whilst maintaining prudent capital deployment.
‘Off the back of our strong commercial performance we successfully raised €10.9 million in May 2022 and €8.9 million in February 2023. This has allowed the company to advance its near-term projects whilst positioning the business for further planned pipeline growth.’
Current stock price: down 1.8% at €3.2
12-month change: up 1.0%
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