Energy Technologies raised $3 million through a placement of new shares to professional investors, with the goal of fueling operational growth, bolstering working capital, and covering offer-related expenses.

The shares were issued at a discounted price, totalling 84,414,958 fully paid ordinary shares.

The placement was oversubscribed, reflecting strong support from existing and new shareholders.

The funds will support ongoing innovation in power industry solutions and the operational needs of subsidiaries like Bambach Wire and Cables and Cogenic.