London Stock Exchange welcomes New Energy One Acquisition Corporation plc to the Main Market
The London Stock Exchange welcomes New Energy One Acquisition Corporation Plc (NEOA), a company that has been formed for the purpose of effecting a business combination with targets that are positioned to participate in or benefit from the global transition towards a low carbon economy, to the Main Market under the ticker symbol NEOA.
The company is sponsored by LiveStream, a company with investors that include members of NEOA’s Executive team, and Eni, one of Europe’s largest energy companies.
Unprecedented government support for renewables, coupled with the significant global decarbonisation requirement as governments around the world target Net Zero, makes the energy transition a particularly attractive investment opportunity.
NEOA operates on the belief that significant investments in technology, alternative fuels and infrastructure will be required across multiple sectors to achieve a tangible reduction in emissions, with a large and growing market of solutions emerging across the Energy Transition value chain. Investing in super charging industrial decarbonisation across hard to abate sectors such as crude oil refining, steel production, cement, extraction, aviation and shipping is key to commitments given by the governments of U.K and E.U countries to achieve 1.5 degrees Celsius and net zero targets.
NEOA’s Executive Team consists of investors and C-suite leaders in the Energy Transition sector, with an aggregate of more than 60 years of experience within the energy sector, more than 20 years of proprietary fund management, principal investing and operational experience between them and a demonstrated track record of unlocking significant shareholder value.
NEOA, alongside its cornerstone investor Eni and Board of industry advisors, will look to leverage its strong external network and sector expertise to identify, support and scale an Energy Transition business in Europe to accelerate the global shift towards a low-carbon economy.