The existing shareholders were SSE Ventures, Scottish Enterprise and Logan Energy.
US-based fuel cell and hydrogen provider Logan Energy’s British subsidiary has undergone a share restructuring and become independent.
The restructuring will allow the UK company to obtain second-round financing from five shareholders: UK-based utility Scottish & Southern Energy’s SSE Ventures corporate venturing unit that itself spun off to be managed by a separate firm earlier this year; Scottish Enterprise’s Scottish Investment Bank; US-based Logan Energy; and UK-based Logan Energy Ltd’s two working directors, John Lidderdale and Bill Ireland.
The existing…
