Unit verification for Kingston microCHP Delta unit
Energetix Group plc, (AIM: EGX),which develops and commercialises alternative and efficient energy products, announces that its subsidiary Energetix Genlec Limited ("the Company") has received Unit Verification from the British Standards Institution for the first of its Kingston microCHP Delta production engineered units.
Unit Verification is an important step towards Batch Verification for the targeted batch of 45 units to be installed and tested as part of the forthcoming trial of the new Kingston boiler which will be the centrepiece of a new dual fuel Energy Supply Company, called Kingston Energy.
The Kingston microCHP boiler will be able to generate a proportion of the household's electricity needs in the home which should enable Kingston Energy to achieve a higher profit from each customer than for a typical energy supplier. The Directors believe the Kingston Energy proposition is unique and represents a substantial opportunity to use the Kingston boiler appliance to become a major energy supplier.
As previously announced the Group has agreed to work with Calor Gas on a liquefied petroleum gas version and with Carillion Energy Services Limited on the installation and testing of the Kingston Boiler. Energetix also announced on 5 March 2012 that it had entered into an agreement with ScottishPower to trial the Kingston microCHP boiler.
Adrian Hutchings, Chief Executive Officer, said "Unit verification of the production engineered appliance marks another important step in the process of commercialising the Kingston boiler and establishing our new Energy Supply Business, Kingston Energy. We believe that with ever increasing fuel bills, strong demand for greener and cleaner energy, and increased regulatory support for microCHP products the prospects for our Kingston microCHP boiler are stronger than ever."
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 12.5p/ 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. During 2011 a production version of the Kingston boiler was developed and this is also going through the CE certification prior to a roll out of 40-50 units during the Spring of 2012.
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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