In this article, we cover three companies from different geographical areas in the clean technology sector which are showing signs of encouraging results in the sector in the recent times. With innovation-driven and viable product platforms, support from investors and promises made for clean energy, we see a lot of developments happening.

Infigen Energy Ltd

Company details: Infigen energy Ltd (ASX: IFN) is a developer, owner and operator of renewable energy generation in Australia with six wind farms and a solar farm. Infigen’s development pipeline comprises about 1,100 megawatts of large-scale wind and solar projects spread across five states in Australia. The company reported that the change in Federal Government leadership in September 2015 and the subsequent combination of energy and environment portfolios led to the Government’s approach to integrating energy and climate change policies. The rerate of large scale certificate (LGC) prices has been sustained. This led to further investments being made in the industry. Moreover, Australia’s commitment to the global goal would lead the Government to consider emission reduction policies in 2017, which would be beneficial to IFN.
 
Financial and strategic details: Infigen has sold its US based assets for $ 100 million and used these proceeds to repay its debt. During the fiscal year of 2016 (FY16), the company’s debt declined by $56.5 million. IFN has also achieved a net operating cash flow from continuing operation of $56.9 million, up by 71% for FY16. FY16 profit after tax was $4.5 million against the loss of $284.5 million. For first quarter of FY17, IFN reported an 11% and 56% rise in production and revenue, respectively.
 
Stock details: IFN has been added to S&P /ASX All Australian 200 Index effective December 16, 2016. Post generating returns of about 92.1% this year to date, the stock corrected over 26.2% in the last six months (as of December 08, 2016). The stock is a ‘Speculative Buy’ at the current price of $ 0.86


LGC price movement (Source: Company Reports) 

7C Solarparken AG

Company details: 7C Solarparken AG (ETR: HRPK) is a German company engaged in the design, manufacture and operation of solar power plants, and has a key objective to built-up capacity growth from 94 MWp to 115 MWp for its solar asset portfolio. 

Capacity Growth Enhancement (Source: Company Reports)
 
Financial details: The company reported a splendid 20% growth in revenues to Eur 26.5 Mio for nine months ended at FY16 while the liquidity position enhanced by 13% to Eur 31 Mio against the corresponding period of last year. The company further planned to make technical improvement to add EUR 0.2 million to earnings. Closing of a strategic deal in 2018 is expected to bring a transition from Tier -3 to Tier -2 player. The company also started optimization plan in third quarter of 2016 and intends to finish this by first-half end of 2017.
 
Stock details: The company is planning convertible bond issue of EUR 2.5 Mio for existing shareholders. The stock price has slipped 11.8% in last three months (as at December 08, 2016) but we believe that the stock is trading at slightly high levels.

Econic Technologies 

Company details: Econic Technologies is a University spinout and a growing catalyst technology company in the area of polymer science industry, in the United Kingdom. The company commercializes novel catalyst technologies to build waste carbon dioxide (CO₂) into polyols for polymer synthesis.
 
Technology details: The underlying catalyst technology was developed at one of the top research universities in Europe. The unique range of catalysts (patent-protected family of homogeneous organometallic catalysts with two active metal sites) offers a great blend of environmental and economic benefits, allowing manufacturers to replace up to 40% of their petrochemical feedstocks with low cost captured CO₂.
 
Investment details: In 2016, Econic Technologies raised 5 million pounds from Imperial Innovations Group, Woodford Investment Management and JetStream Capital to develop novel catalyst technology. With the latest funding, Imperial Innovations Group’s holding in Econic Technologies has been said to increase to 53.7%. Since inception in 2011, Econic raised nearly 13 million pounds in investments. This can be a great play going forward in case the company is able to achieve the milestones as planned.

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