Energy firm to accelerate growth after posting pre-tax loss of €1m

Cork-headquartered energy infrastructure firm, REACT Energy is looking to accelerate its growth by bringing current projects on stream at a quicker rate and making more acquisitions.

Earlier this month, the AIM-listed firm announced the €2.8m acquisition of Cambridge-based biomass plant developer GGES. It said the move positions it as the main consolidator in the UK’s thriving small-to-mid- sized energy infrastructure market.

REACT has over 15 biomass plants in Ireland — and another four in Britain — either already operational or at some point in the planning process.