Flowgroup Regulatory News (FLOW)

14 Jan 2008 07:00

Energetix Group plc14 January 2008 Press Release 14 January 2008 Energetix Group plc ("Energetix" or "the Group") Energetix Group and E.ON UK to collaborate on development of Genlec microgeneration units Energetix Group plc (AIM: EGX), a leading developer of new and sustainablealternative energy products, is pleased to announce that its subsidiaryEnergetix Genlec Limited ("Genlec" or "the Company") has signed an agreementwith E.ON UK PLC ("E.ON"), one of the UK's largest integrated power and gascompanies, to develop and deploy Genlec's micro combined heat and power(micro-CHP) technology in UK homes. The companies intend to collaborate on the development of a fully integratedmicro-CHP system, incorporating Genlec's Organic Rankine Cycle unit that can befitted into UK homes. The compact and lightweight nature of the Genlec unitmakes it a leading contender as the world's first truly wall-mounted micro-CHPproduct, similar in size to current gas boiler designs. The highly efficient new units would be able to power a wide range of UK homesand would also help to lower carbon emissions in the UK and could reduce userenergy bills by around £150 per annum. Under the agreement, E.ON will fund the testing and evaluation of a Genlecmicro-CHP system at the Energetix facility in Capenhurst Technology Park,Cheshire. The testing will be conducted in accordance with the BritishStandards Institute's Publicly Available Specification 67 - the UK's draftperformance specification document for micro-CHP test methodology - and will beverified by independent experts EA Technology. The evaluation, which is scheduled for completion in the first half of 2008,will outline the energy savings achieved during testing of the Genlec micro-CHPsystem, assess its commercial value and appraise its economic potential. Adrian Hutchings, CEO of Energetix Group plc, commented: "Energetix is delightedthat E.ON has recognised the potential of our technology and our expertise byfunding further testing and analysis of the performance, achievable energysavings and commercial value of the Genlec micro-CHP system. Attracting suchdeep involvement from the world's largest investor-owned power and gas companyhighlights the significant market potential for Genlec's wall-mounted micro-CHPunits." Charles Bradshaw-Smith, Head of Innovation at E.ON, said: "We are alreadylooking at a range of microgeneration options for the UK, all of which have thepotential to help our customers become more energy-efficient and so reduce theircarbon emissions. Furthermore, our Sustainable Energy Solutions team now offersbusiness customers the opportunity to purchase a range of microgeneration andlow-carbon technologies. We certainly believe that Energetix's system has thepotential to also make a difference, which is why we're co-operating with themon development and eventual roll-out." E.ON, through its Sustainable Energy Solutions team, is an official supplier forPhase 2 of the Government's Low Carbon Buildings Programme. Under theProgramme, public sector organisations and charities could obtain a grant of upto 35% off the cost of buying and installing small wind turbines, biomassboilers and ground source heat pumps. Adrian Hutchings concludes: "The Energetix team looks forward to becoming partof E.ON's highly regarded microgeneration programme and also to developing amutually beneficial relationship in 2008 and beyond." - Ends - For further information: Energetix Group plcAdrian Hutchings, Chief Executive Officer Tel: +44 (0) 151 348 2111Richard Smith, Chief Financial Officer Tel: +44 (0) 151 348 2116 www.energetixgroup.com Zeus Capital 0161 831 1512Alex ClarksonBen Thompson www.zeuscapital.co.uk BankOra Limited 020 7562 4700Michael BrennanHenry Turcan www.bankora.com Media enquiries: Abchurch Communications 020 7398 7700Justin HeathMonique Tsangmonique.tsang@abchurch-group.com www.abchurch-group.com E.ON UKJonathan Smith 02476 183 676jonathan.smith@eon-uk.com www.eon-uk.com About Energetix Group plc Energetix Group plc is a leading developer of new and sustainable alternativeenergy products. The Group operates by identifying key market demands forefficient, reliable and cost-effective energy provision and by developing arange of core technologies that address these market needs. Energetix Group and its subsidiaries are all based near Chester, NW England. About E.ON UK PLC E.ON is one of the UK's leading power and gas companies - generating anddistributing electricity, and retailing power and gas - and is part of the E.ONgroup, the world's largest investor-owned power and gas company. E.ON employsaround 18,000 people in the UK. This information is provided by RNS The company news service from the London Stock Exchange