boiler companies are like phone companies a few yrs ago prior to apps scratching there heads on which direction the industry is going to take them
this may be a gamble at the moment but the sp wont wait around when the confirmation filters through that insp could have a place at the side of the big boys pending results keeping this on may watch list
@graham-wales. I know the history of this company - I've read the RNS's and the previous companies RNS's... Take a look at the recent thread "INSP history". Sometimes time-lines are somewhat "optimistic" shall we say. But progress has been happening over the past few years. Unless of course you don't actually believe anything we have been told such as:
"Placing and director deals" (17 May 2016) http://www.inspirit-energy.com/investors/rns-news-detail.html?id=13372300 === Since the last placing on 17 July 2015 the Company has completed the development of its micro combined heat and power boiler, the Inspirit Charger, on which a European trademark has been awarded, successfully completed internal testing and commenced the accreditation process for field trial units with Enertek International.
The funds raised will allow the Company to finalise the accreditation process and commence field trials with field trial partners as well as providing working capital for the Company's continuing development. ===
and from the annual report:
=== The Company also announced it entered into a collaboration agreement with the Chartered Institution of Building Services Engineers (CIBSE) to produce a formal peer review, by evaluating Inspirit's micro-CHP boiler, the 'Inspirit Charger', against other micro-CHP products currently available in the market. CIBSE provide project management, execution and implementation in order to gather the data necessary to produce a report. The Company will provide access to its field trial data as well as offering technical and commercial guidance. It is expected that the final report will be published by the end of 2017. ... The Inspirit Charger has now completed several internal trials with thousands of hours of rigorous testing and the Company has demonstrated that the appliance will meet not only market requirements, but also our quality objective of creating a product which is "sealed for life". ===
To answer your question on field trials. I believe we are on the cusp of starting. I presume we are still waiting on Enertek:
From Align's report: === The results of further tests with Enertek - which are currently being carried out, will allow the Inspirit Charger to obtain certification under the relevant EU law (Gas Appliance Directive) so it can then undergo field trials with commercial partners. These are needed to prove that the Charger is safe and reliable before being launched in to the market place and it is planned to commence with 10 initial customers, which includes major utilities and retail chains and in commercial plant rooms and domestic properties, by the 4th quarter of this financial year (to June). ===
I couldn't argue that more information would be useful! But I suppose we have just had the annual report which claimed progress has been good over the past year - extremely positive in fact! ;-)
Suggest you read through previous rns's and see how many times they promised launch dates that never happened, the fact is it was old technology 5 years ago its even older now. How many units have they got on trial currently?
observer there's plenty of interesting info cheers I can see ears pricking up in many similar company's one can guess government may be updating announcements on tariffs ect later in the year?? I found this The Government is concerned that should deployment of mCHP accelerate, the cost of nearly 30,000 installations would present an additional pressure – up to £15m a year - on the Levy Control Framework (LCF). As mCHP is a low-carbon, but not a renewable, technology and was included in FITs as a pilot, this level of expenditure is disproportionate to that available to other mainstream FIT renewable technologies. 65. We propose maintaining the existing 30,000 limit on the number of eligible mCHP installations. However we propose that support for the technology up to March 2019 be brought within the £100m budget. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/535842/FITs_ADmCHP_consultation_document_May_2016_1_-_14_July_deadline.pdf
insp may be still early days but worth watching has they look to be aiming in the right direction but I would like to see more government backing in this field before throwing some weight in
Come on INSP - those are great articles which I want to see more of! Better publicity needed though - I'd pretty much forgotten about them until searching for whether we could run on Hydrogen - of course we can! ;-)
"A building block of the ‘smart city’" (January 13, 2016) http://www.inspirit-energy.com/article/3051461-a-building-block-of-the-smart === The Inspirit Charger, in common with other microCHP appliances, generates in response to heat, which is easy to store. The timing of peak heat demand tends to reflect peak electricity demand, making the electricity from an Inspirit Charger much more valuable than electricity from solar PV panels.
This means that, with some intelligent controls, microCHP can respond to peaks in demand for electricity and help to keep those peak costs low. Sometimes that demand will be limited to the business or building in which the Inspirit Charger is installed, whereas at other times being part of a wider community will be more advantageous. ===
"MicroCHP and battery storage – a powerful combo?" (March 14, 2016) http://www.inspirit-energy.com/article/3108600-microchp-and-battery-storage-a === The Inspirit Charger generates electricity at the same time as heat. The overall efficiency is in excess of 90%. This means that the cost of the electricity, assuming all the heat is used, is only around 10% more than the cost of gas. Given that gas can be purchased domestically now for as little as 2.25p/kWh, this means that the cost of electricity produced by the Inspirit Charger is just 2.5p/kWh in terms of gas use, more than four times cheaper than electricity from the grid. Once installed, it makes perfect sense to ‘refuel’ a Tesla with an Inspirit Charger, particularly since the Inspirit Charger can run overnight, which is just when the Tesla is likely to be charging. ===
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