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Pnu Power receives repeat order from National Grid

24 Feb 2011 07:00

RNS Number : 7561B
Energetix Group plc
24 February 2011
 



 

Press release

24 February 2011

 

 

Energetix Group plc

 

("Energetix" or "the Group")

 

 

Pnu Power receives repeat order from National Grid

 

 

Energetix Group, (AIM: EGX), a group of companies with three cost-effective products (Pnu Power, Genlec and VPhase), is pleased to announce that its subsidiary Energetix Pnu Power Limited ("the Company") has received an order from National Grid Electricity Transmission plc ("National Grid") to supply a unit to be used in a standby power application supporting switchgear at National Grid's 275kV switchyard in Pitsmoor. This forms part of the transmission network that supplies power to the industrial heartland of Sheffield UK.

 

To date the Pnu Power product range has been sold in to the telecommunications and grid switching markets with systems in the 2 to 20kW range. This order represents the fourth unit to be ordered by National Grid UK and National Grid USA. Successful operation of this unit will mark the end of the trial phase of the National Grid UK product qualification process.

 

National Grid UK owns the high-voltage electricity transmission network in England and Wales and operates the system across Great Britain. It also owns and operates the high pressure gas transmission system in Britain and its distribution business delivers gas to 11 million homes and businesses.

 

In the US, National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA). National Grid owns over 4,000 megawatts of contracted electricity generation that provides power to over one million LIPA customers.

 

Neil Bright, Chief Operating Officer, Energetix Group, commented: "We have been working closely with National Grid for over two years. This represents an important milestone for Pnu Power as we have now received repeat orders from both National Grid UK and National Grid USA. The utility switching market is a target market for Pnu Power and to receive repeat orders from the UK's largest operator represents a big step forward for the Company."

 

- ENDS -

 

 

For further information:

Energetix Group plc

Adrian Hutchings, Chief Executive Officer

Tel: +44 (0) 151 348 2111

www.energetixgroup.com

 

Ambrian Partners Limited

+44 (0) 20 7634 4700

Andrew Craig / Ben Wright, NOMAD

www.ambrian.com

 

Media enquiries

Abchurch Communications Limited

+44 (0) 20 7398 7710

Sarah Hollins / Joanne Shears / Quincy Allan

quincy.allan@abchurch-group.com

www.abchurch-group.com

 

 

About Energetix Group plc

Energetix Group plc has three businesses with cost-effective products to meet the growing global demand for alternative energy. With a focus on distributed generation, energy storage and energy efficiency, the Energetix businesses are:

·; Energetix (Pnu) Power Limited - compressed-air back-up power;

·; Energetix Genlec Limited - distributed generation in the home; and

·; VPhase plc - domestic energy efficiency.(c.43% owned by the Group)

 

Energetix's strategy is to create products based on robust engineering principles, regularly utilising existing mass-produced components configured in a novel and patentable way. Avoiding cutting-edge science has enabled the Group's businesses to de-risk the new product development process which in turn reduces development time and costs. This has enabled the businesses to have a lower-than-normal technology risk while still producing strong intellectual property. In addition, this facilitates the outsourcing of production and assembly, significantly reducing the Group's investment in capital equipment. The body of know-how developed within the Group has also enabled the businesses to modify the design of existing mass-produced components to reduce costs, improve efficiency and strengthen the Group's intellectual property position.

 

Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are all based near Chester, NW England.

 

www.energetixgroup.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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