BIBRA Lake-based ZBB Energy Corporation Ltd has raised about $907,000 in the US, ahead of the company’s IPO there later this year. This comes on top of the $1.3 million raised through convertible rights issues to US-based Empire Financial Group on three separate occasions this year. Empire are also a part of this capital raising, as well as two renewable energy funds based in the US and Europe. ZBB is a developer of advanced energy storage technologies for utility and commercial customer applications, offering a battery technology it believes is cleaner and safer than what is currently available. ZBB has focused research on zinc-bromide solution to energy storage compared to the traditional lead-acid process. The company intends to issue an announcement within the next week on the timetable for the IPO process in the US.
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