UK remains attractive market for hydrogen companies with significant incentives introduced and announced by UK Government
UK Government clean energy initiatives include establishing Great British Energy unit to be capitalised with US$11bn, augmented with the $9.7bn investment into National Wealth Fund
Priority investment for both Great British Energy unit and National Wealth Fund is scaling up UK green hydrogen sector
VivoPower has been headquartered in UK since 2016
Transaction subject to completion of number of conditions precedent, including closing of Tembo's previously announced business combination and satisfactory completion of independent third-party opinion
