Twenty20 Energy to launch IPO on Nasdaq

The firm plans to go public by the second quarter of the year.

Twenty20 Energy Systems will be separating from its parent company, Asia Pacific Energy Ventures (APEV), as it plans to go public on Nasdaq by the second quarter of 2022.

The Singapore-based firm will be led by its new CEO Geoff Lawrence, former CEO of APEV. Steve Newman, meanwhile, was named as the new CEO of APEV.

“Twenty20 Energy, as an energy-focused group, is poised to pursue power generation projects globally at a time when many developing nations are seeking to harmonize accelerated economic growth with minimized environmental impact,” Lawrence said.

“Twenty20 is poised to help our customers liberate themselves from inefficient and environmentally unstable energy approaches and to open up new avenues for growth in many emerging markets.”

The company in particular, outlined key areas of priority, including building its reputation as leading engineering, procurement and construction (EPC) company and operations and maintenance (O&M) service provider in the energy sector.

It also plans to build, own and operate a portfolio of environmentally conscious energy assets on a global basis as well as deploy its proprietary “Power Island” FSRP to meet the evolving energy needs of coastal and remote communities both in Papua New Guinea and around the world.