Energy Technologies Limited

A manufacturing investment group focused on the energy sector and in particular the electric power industry.

Cleantech Investing

Energy Technologies CEO Nick Cousins Touts Pivot to Renewable Energy Sector

Cleantech Investing

“We've drastically pivoted our strategy into … the renewable energy sector, as well as some other strategic industries with significant tailwinds behind them in Australia,” said Nick Cousins, CEO of Energy Technologies.

Energy Technologies (ASX:EGY) is redefining its business strategy with a new focus on the burgeoning renewable energy sector in Australia. CEO Nick Cousins said this new direction was catalysed by a strategic review initiated 18 months ago.

"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.

The Energy Technologies chief executive also provided insights into his company’s strategic alliances with Gantner Instruments and the Tratos Group, which form the cornerstone of the firm's expansive new product lineup.

The partnership with Germany-based Gantner Instruments allows Energy Technologies to present a full-spectrum offering that integrates control systems directly with the cables it manufactures, Cousins explained.

"They're a market leader in control and automation of utility-scale (photovoltaic) plants," he said.

The agreement with Tratos Group, on the other hand, allows Energy Technologies to add medium- and high-voltage cables and overhead transmission lines to its product offerings for the renewable energy sector.

“To my knowledge, there is no other cable manufacturer in the Australian market that's offering a one-stop solution into the utility-scale market for solar,” Cousins said.

Watch the full interview with Nick Cousins, CEO of Energy Technologies, above.

Disclaimer: This interview is sponsored by Energy Technologies (ASX:EGY). This interview provides information which was sourced by the Investing News Network (INN) and approved by Energy Technologies in order to help investors learn more about the company. Energy Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Energy Technologiesand seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

EGY:AU

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