5th Sep 2024 16:00
(Alliance News) - Time to ACT PLC announced on Thursday that its GreenSpur business has won a design contract to develop an optimised wind turbine generator for XFlow Energy Co.
The Middlesbrough, England-based engineering firm is focused on technology for the energy transition supply chain. Its GreenSpur business provides electricity generator technology and XFlow Energy specialises in the design of an innovative vertical-axis wind turbine, or VAWT. XFlow's flagship 25-kilowatt VAWT is designed to reduce the cost of wind energy generation while still maintaining high efficiency and structural integrity.
The work done by GreenSpur under the design contract will leverage GreenSpur's rare earth-free generator technology to create a solution for low-level turbulent wind experienced by VAWTs.
When the design contract has been completed, GreenSpur and XFlow expect to enter a prototype and manufacturing contract, which will move GreenSpur's technology readiness level, or TRL, to TRL8/9. This rating indicates a piece of technology is "system complete and qualified/proven in operational environment."
Executive Chair Chris Heminway said: "I am delighted that GreenSpur has won this important design contract, which really underscores the growing relevance of our capabilities in the renewable energy sector. The importance of the contract is less about its current size and more about its ability to help progress GreenSpur's technology up the TRL ladder and in its potential to open a pathway into the floating VAWT market."
Shares in Time to Act were flat at 60.00 pence each in London on Thursday afternoon.
By Emily Parsons, Alliance News reporter
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