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Gas Shipper and Supplier Licences

15th Aug 2012 07:00

RNS Number : 0247K
Energetix Group plc
15 August 2012
 



 

Energetix Group plc

("Energetix" or "the Group")

 

Gas Shipper and Supplier Licences

 

Energetix Group plc, (AIM: EGX), which develops and commercialises alternative and efficient energy products, announces that, as part of the process of creating a new energy supply company, provisionally called Kingston Energy, its subsidiary Circuit Energy Supply Limited has today been granted a Gas Shipper Licence and a Gas Supplier Licence by the energy Regulator, Ofgem.

 

Together with the Electricity Supply Licence, that was granted in April 2012, this is an important step towards supplying customers with gas and electricity as part of its offering to provide free mCHP boilers to customers.

 

Tony Stiff, Chief Executive Officer of Kingston Energy, said "We are very pleased to achieve another significant milestone and we continue to be on track to deliver an operational energy supply business in the fourth quarter of this year as planned."

 

 

For further information please contact:

 

Energetix Group plc

www.energetixgroup.com

Adrian Hutchings, Chief Executive Officer

Tel: +44 (0)151 348 2111

Tony Stiff, Chief Executive Officer of Kingston Energy

Mob: +44 (0)7786 528 010

 

 

Cenkos Securities plc (NOMAD & Broker)

www.cenkos.com

Stephen Keys / Adrian Hargrave (Corporate Finance / Nomad)

Julian Morse (Sales)

Tel: +44 (0)20 7397 8900

 

 

Walbrook PR Ltd

Tel: +44 (0)20 7933 8780

Paul McManus (Media Relations)

[email protected]

Paul Cornelius (Investor Relations)

[email protected]

 

 

About Energetix Group plc

 

Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative energy. Currently Energetix has three subsidiary businesses:

 

Genlec - distributed energy generation for domestic dwellings

Kingston Energy - retail energy provision (electricity & gas)

Pnu Power - compressed air back-up power for the protection of essential systems

 

In addition, Energetix has a c.27% stake in VPhase plc, an energy efficiency business created by Energetix and subsequently spun out in 2010. VPhase is now a standalone independently funded commercial venture.

 

With all technology development now completed Energetix is well positioned as it moves to the commercialisation stage of its corporate development.

 

Genlec & Kingston Energy

 

Genlec has developed a highly efficient, compact and light weight, wall mounted mCHP (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 mCHP 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.

 

On 29 February 2012 Energetix announced that it would create a unique dual fuel energy company, provisionally named Kingston Energy, which will provide free Kingston mCHP boilers to its customers in return for a commitment to buy gas and electricity from Kingston Energy, with a guarantee that energy prices will not exceed those of the major energy suppliers.

 

Pnu Power

 

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 and Ipswich, Suffolk.

 

 

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