Xeon international to assist Logia Energy Systems to promote it’s new technology.
LUXEMBOURG, Xeon International, an international business value creation company established in Luxembourg in 2003, announced the acquisition of a new Corporate Finance mandate from Logia Energy Systems.
Logia Energy Systems holds an innovative and unique alternative to traditional pumped storage. The technology calls for the utilization of aero engines to arrange industry leading start-up speeds when providing power to a given grid in the case production falls below consumption.
The technology is the ideal solution for grid stabilization markets and can also be applied as a power solution for remote locations, peaker power plants as well as a reliable back-up solution for other market use applications.
Logia Energy Systems intends to develop their first pilot turbine;
Paul Feher, Chief Corporate Finance Officer at Xeon International comments: “LOGIA is an advanced technology start-up that has to move from the conceptual stage to a confirmed industrial player. The challenge from our side will be to assist Logia Energy Systems to streamline their business model towards a new disruptive model within the pumped storage industry.”
Xeon International aims to create long-term business value for its clients and investors by offering a unique blend of result-oriented, risk sharing strategic value creation and implementation services. It operates within four functional areas: Corporate Finance – Private Equity – Advisory and Personal Advisory services.