Clean cold and power technology company Dearman has announced that Park Vale Capital has committed to invest £16m ($23m) in the business.
The investment will support the development of the company’s clean cold technology, and brings the total funds raised by Dearman in 2015 to £19.5m (excluding grant funding).
More specifically, it will enable Dearman to establish initial UK-based manufacturing activity, and to achieve widespread international commercial deployment, while continuing to invest in R&D and demonstration of its core technology and subsequent applications.
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