The directors of an award-winning clean-tech company have moved to wind down the insolvent business after a number of “challenging trading years”, a spokesman said.
The product scooped the top prize for Renewable Energy Technology of the Year at the annual Energy Awards in London in 2017, beating out heavy-hitters including Kingspan and Mitsubishi. By the end of that year, accumulated losses of more than €23 million had built up at New World Energy Systems, according to accounts filed last year.