Chelverton Asset Management Discloses its Views on Plutus PowerGen

Plutus PowerGen plc is a United Kingdom-based holding company of Plutus Energy Limited. The Company is engaged in the development, construction and operation of flexible standby electricity generation sites. The Company focuses on selling of power to energy supply companies and National Grid. The Company is a developer and operator of small, flexible power generation plants. The Company focuses on the Short Term Operating Reserve (STOR), Firm Frequency Response (FFR), Triad, Power Purchase Agreements (PPA) and capacity market for power sales. The Company has a management contract with each Rockpool Investments LLP investor-funded site. Under the terms of these contracts, the Company manages the asset, from identifying the site, obtaining planning permission, to managing the connection, construction and operation of the plant. Its subsidiary, Plutus Energy Limited, is engaged in providing flexible electricity generation to the United Kingdom market.