GreenRoc issues 111.2 million shares at 10p each and expects a market capitalization of £11.1 million upon AIM admission.

Residents in several northern provinces have already been dealing with blackouts, while traffic lights are being turned off.

Governments across Europe are coming under pressure to help curb soaring energy costs for companies and households caused by a global surge in wholesale gas prices.

With increasing interest in electric vehicles from consumers, the market for lithium-ion EV batteries is now a $27 billion per year business.