LCA Low Carbon Acc.

TIDMLCA

RNS Number : 0055L

Low Carbon Accelerator Limited

26 July 2011

Low Carbon Accelerator Limited

Investment Update: Responsive Load Limited ("RLtec")

26 July 2011

Low Carbon Accelerator Limited (AIM: LCA) today announces that ResponsiveLoad Ltd (trading as 'RLtec') has received an equity investment of GBP4 million from Ombu Limited ("Ombu"). Ombu is an existing shareholder in RLtec.

Following this investment, LCA will retain a stake of 24.6% on a fully diluted basis in RLtec, valued at GBP4.46 million.

RLtec has developed smart grid-management technology called Dynamic Demand to increase the energy efficiency of the whole electricity supply chain, from white goods and appliances through to large scale power generators.

Dr Steve Mahon, Chief Investment Officer for Low Carbon Investors, the investment manager for Low Carbon Accelerator, said:

"This investment provides the funding required for the next phase of the commercial roll-out of RLtec's dynamic demand service, and positions the Company to establish itself as a market leader in the smart grid space. We are delighted to see the Company is well funded and believe it has strong prospects for creating significant shareholder value."

Enquiries:

 
 Low Carbon Investors Limited 
 Steve Mahon, Chief Investment Officer   Tel: +44 (0)20 7631 
                                          2630 
 
 Grant Thornton Corporate Finance 
 Colin Aaronson / Melanie Frean          Tel: +44 (0)20 7383 
                                          5100 
 
 RedleafPolhillCommunications            lca@redleafpr.com 
 Alicia Jennings                         Tel: +44 (0)20 7566 
                                          6750 
 

Notes to Editors:

About Low Carbon Accelerator: www.lowcarbon.gg

Low Carbon Accelerator Limited is a closed ended investment company created to invest in a portfolio of fast-growing low carbon businesses. The Company listed on the AIM Market of the London Stock Exchange on 11 October 2006, raising GBP44.5 million. On 26 June 2009, the Company announced that it had raised a further GBP10 million, net of expenses, following the successful placing of a further 41.6 million shares.

The Company invests principally in companies which provide low carbon products and services across the following sectors:

-- Energy efficiency (reductions in energy inputs at source, improved conversion and reductions at point of use)

-- Energy generation (sustainable and clean energy, micro and distributed generation)

The Company's investment strategy is to target trading businesses with patentable technologies and products with a clear commercial application and the opportunity to gain a large market share of a new or expanding market. The Company focuses on businesses with experienced management teams who have developed commercially viable products providing easily adoptable solutions which deliver immediate reductions in carbon dioxide emissions.

About Ombu Limited

Ombu is a UK holding company, established to acquire and invest in fast-growing, advanced technology companies.

This information is provided by RNS

The company news service from the London Stock Exchange

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