Service Agreement with Carillion Energy Services Limited
Energetix Group plc, (AIM: EGX), which develops and commercialises alternative and efficient energy products, announces that its subsidiary Energetix Genlec Limited ("Genlec") has today entered into an agreement with Carillion Energy Services Limited ("Carillion") to provide installation, maintenance and after care services in support of its Kingston microCHP field trial programme.
Carillion Energy Services is a leading independent provider of energy services, which includes a nationwide heating system installation, after care and repair service to a wide range of customers including individual householders. Under the agreement, Genlec will train a group of Carillion's installation, service and customer service centre staff in matters specific to the Kingston microCHP boiler so as to enable them to provide a range of support services to Genlec's trial programme.
Genlec and Carillion also intend to explore a volume roll out strategy, opportunities that may include Carillion's existing affinity partners and the potential arising from the Government's Green Deal which is anticipated to be in place by the end of 2012.
Commenting Tony Stiff, Group Commercial Director of Energetix Group, said: "This is an important step in building Genlec's capability and experience of installing and servicing its Kingston microCHP boilers and will be of great value to Genlec as it commercialises its Kingston microCHP appliance. We believe this agreement will provide a good opportunity to demonstrate Genlec's delivery capability in addition to developing routes to market."
Paul Varley, Managing Director of Carillion Energy Services, said, "We are very pleased to be working with Genlec in support of the commercialisation of their low cost Kingston microCHP product. This fits very well with Carillion aims to provide low cost solutions in the field of energy efficiency products and services."
Carillion is one of the UK's largest independent energy services companies and is at the forefront of the low carbon and micro-generation economy. Through its activities across a range of markets, including private and social housing, commercial and non domestic property, Carillion is focused on developing and delivering solutions designed to help its customers reduce their energy costs and make carbon savings. Carillion is a dedicated division of leading sustainability and support services provider Carillion PLC - a FTSE 250 company with around 50,000 employees based in the UK and from operations in Canada, the Middle East and North Africa'.
About Energetix Group plc
Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative energy, with particular focus on distributed generation, energy storage, and energy efficiency. Currently Energetix has two subsidiary businesses:
Genlec - distributed energy generation for domestic dwellings.
Pnu Power - back-up power for the Telecom, Technology and power transmission markets.
In addition, Energetix has a c.27% stake in VPhase plc, an energy efficiency business Energetix created and subsequently spun out of Energetix in 2010. VPhase is now a standalone independently funded commercial venture.
With all technology development now completed Energetix is well positioned as both its subsidiaries move into the latter phases of commercialisation with their best-of-breed solutions.
Genlec has developed a highly efficient, compact and light weight, wall mounted microCHP (Combined Heat and Power) appliance known as the Kingston Boiler. The Kingston boiler is specifically designed to generate 1kW of electrical power to meet the UK's Microgeneration Certification Scheme (MCS) to enable UK owners to receive the Government's 10p/ kWh feed in tariff for approved microCHP devices. The Kingston boiler therefore has an inherent low total cost of ownership (initial outlay plus maintenance) and has already demonstrated industry leading payback cycles which many analysts believe is the key to unlocking this significant market opportunity.
CE certification of the boiler has been obtained and initial units have been installed in employee homes. It is expected that a new version of the Kingston boiler will be deployed to several potential high volume customers during the 2011/2012 winter heating cycle for testing and verification. Genlec is currently developing its supply chain and sales channels to address this significant and rapidly growing market opportunity.
Pnu Power focuses on the provision of compressed air back-up power which can ensure an uninterruptible power supply for critical systems, particularly for the telecoms, data centre and power transmission markets. Pnu Power range has been extended to include the DC100 product that can now meet the demand of the rapidly growing Green Data Centre market, providing a low carbon alternative to flywheels. Pnu Power has been successful in achieving repeat trial sales and is now poised to move out of the trial sales phase and into full volume commercial sales.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are all based near Chester, NW England.
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