Basil Read to Develop Highview’s Technology, Business Day Says

Basil Read Holdings Ltd. (BSR)’s energy division agreed to develop London-based Highview Power Storage Ltd.’s technology in sub-Saharan Africa, Business Day reported, citing Highview Chief Executive Officer Gareth Brett.

Basil Read Energy will have exclusive rights to implement Highview’s cryogenic energy storage technology in the markets in which it operates, the Johannesburg-based newspaper said.

To contact the reporter on this story: Janice Kew in Johannesburg at jkew4@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

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