Subsea clean energy specialists EC-OG have received £1.6m from an investment consortium led by Par Equity. EC-OG will use the funds to support its growth plans focusing on the exploitation of its Halo battery storage system designed for subsea applications. The investment will create up to 40 jobs in Aberdeen over the next 12 months. Halo is a modular and scalable battery storage system that operates in the demanding subsea environment. The investment in EC-OG is the first that Par Equity has made since its recent partnership with the British Business Bank.
MEMBER NEWS: £1.6m backing creates 40 jobs at Aberdeen undersea battery firm
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