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As of 12:10 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

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enerji ltd (ERJ) Details

Enerji Limited, together with its subsidiaries, markets energy recovery and clean energy generation solutions in Australia. It designs and develops systems to produce electricity from heat. The company also sells Airec heat exchangers. Enerji Limited is based in North Fremantle, Australia.

enerji ltd (ERJ) Top Compensated Officers

Chief Development Officer and Director
Total Annual Compensation: A$162.5K
General Manager of Development
Total Annual Compensation: A$34.5K
Total Annual Compensation: A$166.0K
Compensation as of Fiscal Year 2013.

enerji ltd (ERJ) Key Developments

Enerji Ltd Announces Unaudited Consolidated Earnings Results for the Full Year Ended December 31, 2014

Enerji Ltd. announced unaudited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported revenue from continuing operations of $143,614 against $30,327 a year ago. Loss before income tax expense from continuing operations was $11,527,580 against $6,115,068 a year ago. Loss attributable to owners of the company was $10,674,665 against $4,924,410 a year ago. Basic loss per share was $0.023 against $0.002 a year ago. Net cash outflow from operating activities was $469,233 against $1,317,686 a year ago. Payments for property, plant and equipment was $57,890 against $1,254,034 a year ago. Negative net tangible asset backing per ordinary security was 0.7 cents as on December 31, 2014.

Enerji Ltd Announces Executive Changes

Enerji Ltd. announced the appointment of Mr. Peter Thomas as an Independent Non-Executive Director of the Company. Most recently, he was a senior executive at Fortescue Metals Group where over ten years, he held the roles of CFO (TPI), General Manager Rail, Project Director, General Manager Christmas Creek project, and Director of Shared Services. The Company also announced the resignation of Mr. Justin Audcent as a director of the Company.

Enerji Ltd Enters Binding Agreement with Carbon Reduction Ventures Pty Ltd and Morawa Solar Thermal Pty Ltd for the Planned Development of Hybrid Solar Thermal Project

Enerji Ltd. has entered a binding agreement with Carbon Reduction Ventures Pty Ltd. and Morawa Solar Thermal Pty Ltd. for the planned development of a Hybrid Solar Thermal Project. This project is supported by the WA State Government through the Low Emissions Energy Development Fund. CRV is a developer of advanced solar and hybrid solutions and is the project proponent. MST is the project vehicle and has a Financial Assistance Agreement for LEED funds of $3.775 million comprising 25% of the budget of $15.1 million. The project includes the ATEN 3 technology, developed by Enerji, and an Opcon Powerbox. It has zero emissions with all of the energy to drive the power generator coming from a ground-breaking hybrid arrangement combining solar thermal energy with waste heat. The Solastor System, which stores energy in high-temperature graphite, is supplemented by waste heat harvested from the exhaust of a fossil fuel power station.


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