EGY Renewables Update
Released
Released
Announcement PDF
ASX Announcement
22 July 2024
Energy Technologies Limited – Renewables Update
Energy Technologies Limited (ASX: EGY or “the Company”), a 100% owner of Bambach
Wires and Cables Pty Ltd (Bambach) which manufactures low voltage copper insulated
cables, releases an update to the market regarding the expansion into the renewables
industry.
EGY is pleased to announce a significant milestone for our company's new renewables
division. We have successfully delivered our first sales to a prominent Engineering,
Procurement, and Construction (EPC) firm for a utility-scale PV project located in Western
Australia. The sales from this initial transaction totalled $328,000 and signifies our entry to
the market as projected in our disclosure of 23 May, 2024 – Investor Presentation.
This achievement underscores the effectiveness of our new division and strategic approach
in penetrating the renewable energy sector. As previously guided, we are confident that this
success marks the beginning of a prosperous journey for us in the field of renewable energy.
This event is important as it now allows the company to tender for larger contracts through
EPC groups in the Renewable Energy sector as an approved supplier.
EGY Acting CEO, Nick Cousins said, “Looking forward, we are excited about the
opportunities that lie ahead as we continue to expand our footprint in the renewables market.
With this successful delivery, we are encouraged to pursue more projects and partnerships
that align with our strategic objectives.”
– END –
About Energy Technologies
Energy Technologies Limited (ABN 38 002 679 469) has a 100% ownership of Bambach
Wires and Cables Pty Ltd, a manufacturer of low voltage copper insulated cables. Learn
more about Energy Technologies at website www.energytechnologies.com.au.
For more information, please contact:
General enquiries
Corporate Communications
Mr. Gregory Knoke
Company Secretary
greg.knoke@energytechnologies.com.au
This announcement is authorised by Energy Technologies Limited’s Board of Directors
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