Two Framlington AIM VCTs, part of French insurance giant AXA’s asset management interests, have taken stakes of 1.39 per cent and 1.94 per cent in recently floated Energetix Group.

Two Framlington AIM VCTs, part of French insurance giant AXA’s asset management interests, have taken stakes of 1.39 per cent and 1.94 per cent in recently floated Energetix Group.

Energetix, which was founded by former British Nuclear Fuels man Adrian Hutchings, has developed products that aim to improve the efficiency and lower the carbon ‘footprint’ of household boiler units. It raised £5.4 million at 40p on flotation and, now priced at 50.5p, is capitalised at £22.73 million.