Lead manager to the raising, Darien Jagger from Cygnet Capital, said that he was delighted by the demand for the IPO.

“Torrens’ successful IPO reflects strong interest in the company and the public’s appetite for investment in the alternative energy sector,” Mr Jagger said. “This sentiment has been fuelled by recent unprecedented press and a groundswell of public support for a technology that may provide some welcome relief to Australia’s high level of carbon contributions.

“We are very excited by the ethical energy space and it was encouraging to see this excitement reflected in investment for Torrens. The company is well positioned to enter a growth sector and we are particularly pleased to have attracted such a strong level of institutional interest. We congratulate the company on attaining such a positive response.”