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Pin to quick picksInspirit Energy Share News (INSP)

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Inspirit Energy reviews development of microCHP boiler

Fri, 26th Apr 2019 12:46

(Sharecast News) - Micro combined heat and power (mCHP) boiler developer Inspirit Energy Holdings updated shareholders on Friday, following a strategic review of operation and product development.The AIM-traded firm had set out in its half-year report, that it had been working to advance its microCHP boiler towards commercialisation.In December, the UK government introduced legislation which would close the feed-in tariff scheme to new applicants from 1 April.The feed-in tariff would have provided a subsidy to mCHP boilers, and although not applicable to the company's 'charger', it would have had an industry impact on new entrants to the mCHP market.To that end, the company said it had been focusing on improvements to the design of its 'Stirling' engine technology, and creating a strategic plan for future operations, cost efficiencies and product diversification.The firm said it was in the process of moving its facility from Sheffield to Glogów malopolski in Poland, in collaboration with a European engineering group."We have further been in collaboration with a UK-based university, working in conjunction with their technology department to expand the possible applications for the Stirling technology," the board said in its statement.It said improvements to the current charger included further simplification as part of the 'design for manufacture' process, with enhanced manufacturing processes used in the further development of the charger, in particular the new casting which was developed using the 3D printing method.Where possible, welding had been removed to reduce welding failure.The unit base and support frame was now made from a single biodegradable plastic composite, with other new composite materials awaiting classification to be used in the manufacturing process.Inspirit said those improvements had attributed to cost savings achieved across all elements of the charger unit.It said the electronics would use more cost-effective systems, and the drive system would consist of a single offset crank, leading to less components and more cost efficiencies.Materials would be steel, composite plastic and metal derivatives, with the boiler having a single interface that would provide greater ease of use.It also would not be reliant on the electricity grid to start, with the ability to use a 12-volt start option."The above improvements and efficiencies have provided the charger with peak electrical output in excess of 6.4kW of electricity during a running cycle of 2,000 hours against the unit's previous output of 3.0kW, whist maintaining 15kW thermal output and a 20% reduction in the size of the appliance to below 800mm," the board explained.Inspirit said it had also embarked multiple applications for the Stirling technology, and had developed schematics for a number of projects, including Inspirit Marine, where it was currently in discussion with a large car and marine engine manufacturer to develop a unit for the shipping industry with current output of 11.68kw.In solar, it said it developed an in-house design, incorporating the new development of its Stirling engine, while it had also designed the 'Inspirit Cooler' refrigeration system.Finally, the Inspirit Motor and Generator had been designed in line with the Inspirit Charger to start the unit and convert electrical output to the grid."The development work of our engineers has been impressive achieving an electrical output of over 6kw without increasing the thermal output," said Inspirit Energy chairman and chief executive officer John Gunn."Such a heat power ratio will significantly improve the potential for commercial success and possible diversification in multiple other applications."
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2 Jan 2024 17:22

IN BRIEF: Inspirit Energy shares jump as repays USD80,000 debt

Inspirit Energy Holdings PLC - London-based waste heat recovery technology and decarbonisation engineering solutions company - Repays short-term, unsecured debt of USD80,000, which was drawn down in December 2022. "The board are pleased to reduce this debt and will provide further updates in due course," Inspirit adds.

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27 Dec 2023 11:53

EARNINGS: Inspirit Energy pretax loss narrow, while RC365's widens

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Inspirit confident in system despite finding defect in component

(Sharecast News) - Waste heat recovery technology specialist Inspirit Energy updated the market on its waste heat recovery unit on Monday, known as the 'Inspirit Charger', having identified a component defect after a number of successful tests.

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14 Aug 2023 09:31

Inspirit Energy notes possible performance enhancement on engines

(Alliance News) - Inspirit Energy Holdings PLC on Monday gave an update on the Inspirit Charger that has been designed for waste heat recovery for use in marine and automotive applications.

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31 Mar 2023 14:51

EARNINGS SUMMARY: Quarto pretax profit up by half; confident for 2023

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16 Mar 2023 17:32

TRADING UPDATES: Inspirit Energy reports progress on Inspirit Charger

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16 Mar 2023 17:31

TRADING UPDATES: Inspirit Energy reports progress on Inspirit Charger

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16 Mar 2023 16:58

Inspirit makes progress with 'Charger' unit

(Sharecast News) - Waste heat recovery technology developer Inspirit updated the market on Thursday on the Inspirit Charger - a unit designed for waste heat recovery in marine and automotive applications.

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30 Dec 2022 16:19

Inspirit Energy shares plummet amid AIM suspension after results delay

(Alliance News) - Inspirit Energy Holdings PLC on Friday said it would be unable to publish its audited annual report for the year ended June 30, and as such, would see its shares suspended from AIM.

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30 Dec 2022 13:32

LONDON MARKET CLOSE: FTSE 100 ends lower but holds ground in 2022

(Alliance News) - Stock prices in London finished the year on a lacklustre note on Friday, but the FTSE 100 was standing strong in comparison to similar stock measures elsewhere.

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8 Dec 2022 15:51

Inspirit agrees short-term working capital facility

(Sharecast News) - Waste-heat recovery technology company Inspirit has entered into a short-term, unsecured debt facility of up to $0.25m, it announced on Thursday, under which it would initially draw down $0.08m.

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8 Dec 2022 11:55

Inspirit Energy shares fall on USD250,000 short-term financing deal

(Alliance News) - Inspirit Energy Holdings PLC on Thursday said it had entered a short-term unsecured debt facility of up to USD250,000 with Riverfort Global Opportunities PCC Ltd.

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14 Sep 2022 18:27

CORRECT: Stocks red; UK inflation back to single-digits

(Correcting that it is Fundsmith Emerging Equities Trust which is planning voluntary liquidation)

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