Agreement with a major European Utility company

RNS Number : 3932H
Inspirit Energy Holdings PLC
19 May 2014
 



19 May 2014

 

Inspirit Energy Holdings plc

("Inspirit Energy", "Inspirit" or the "Company")

 

Major European Utility to test Inspirit's mCHP boiler-generator

 

 

Inspirit Energy (LSE AIM: INSP) announces it has signed a landmark Agreement with a major European Utility company, that will see Inspirit Energy supply and install one of the the Company's first highly efficient mCHP micro co-generation boilers into the Utility's test and verification facilities when the first commercial specification appliances become available later in the year.

 

The Agreement with the Utility also stipulates that any tests undertaken at its test facilities shall establish the suitability of the mCHP appliance for field trials within their network and subsequent potential commercial entry into the market. Upon successful testing of the Inspirit Energy mCHP appliance, the parties have agreed to discuss the potential to co-operate in field trials of the appliance within their network.

 

The Utility is one the major leading Energy Utilities in Europe with an extensive customer base of gas consumers in both the industrial and domestic sectors in its region. It is also one of the largest installers of boilers and energy efficiency products in their market place.

 

The Inspirit mCHP micro co-generation boiler:

 

Inspirit Energy's new washing machine-sized mCHP micro co-generation boiler is one of the industry's most powerful and energy efficient mCHP appliances for its size with simultaneous generation of up to 15 kilowatts of thermal output and up to 3 kilowatts of electrical output. The appliance's patented engine will take the waste heat from the boiler and convert it efficiently in to electricity; first supplying the installed property and then feeding surplus electricity into the national grid. The appliance to be commercialised will have the flowing specifications:

 

Table 1: Appliance Data.

 

Engine drive for electrical

Sterling Engine. Engine has a power piston and a displacement piston running within the same cylinder.

Electrical Power Output

Generates a maximum of 3kW of electricity with 16% net efficiency at 20kW total gas input.

Thermal Output

Up to 15kW at 76% net efficiency with a gas input of 20kW.

Heat to Power Ratio

5:1

Noise Level

50dBA at a distance of 1m.

Weight

Less than 120kg.

Dimensions

650x650x900mm

Water Temp Output

Water temperature output of 45-85oC depending on installation.

Installation

One person installation (gas safe) and electrical connection.

Service

Service interval recommended 12 months in a domestic installation.

CO2 Emissions

Estimated CO2 reduction of 4 tonnes per year per appliance

Current Patents

3 Registered and 5 Patents Pending.

 

 

Inspirit's Development Partners:

 

The Inspirit mCHP appliance consists of 4 key systems, each of which has been designed with the help of engineering partners:

 

•       Adigo has been instrumental in advising on the remodelling of the original heaterhead and regenerator components of the Stirling Engine design (Inspirits proven prototype) for the final appliance.

•       GE Precision are a key partner in developing the internals of the Stirling Engine with FEA analysis of the Crankcase, Piston and Rhombic Drive Assembly that converts the heat energy into the motion required to generate the electrical output. This is the driving force of Inspirit's mCHP appliance.

•       Sentec have designed the control system including the user interface, diagnostics and management of the supply back into the Grid.

•       Enertek have designed the gas combustion system, heat recovery system and will assist Inspirit in gaining the required approvals certification.

 

Manufacturing Partners:

 

•       Malvern Boilers have been chosen as Inspirits manufacturing partner to build the initial trial units and to bring the product to market when fully commercialized. Malvern's experience in building small batch gas products and their group of subcontractors are ideal for Inspirits requirements and they will be in control of the product introduction process and supply chain management.

 

John Gunn, the Company's CEO, commented:

 

"This important agreement with a major European Utility, will allow the Company to showcase its technology to the global utility market as the Company moves towards mass manufacturing of the appliance over the coming year."

 

 

For further information please contact:

 

Contacts:

 


Inspirit Energy Holdings plc

www.inspirit-energy.com

John Gunn, Executive Director

+44 (0) 207 048 9400

Jubeenh Nazhat, Director/Company Secretary

 

+44 (0) 207 048 9405

 

Westhouse Securities Limited


Antonio Bossi / David Coaten

+44 (0) 207 601 6100



Peterhouse Corporate Finance

+44(0) 207 469 0936

Jon Levinson / Lucy Williams




Public Relations:


Square1 Consulting


David Bick / Mark Longson

+44 (0) 207 929 5599

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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