31st Oct 2011 07:00
Energetix Group plc
("Energetix" or the "Company")
National Grid Type Registration for Pnu Power
Energetix Group plc, (AIM: EGX), which develops and commercialises alternative and efficient energy products, announces that it has received Type Registration from National Grid for its Energetix PnuPower Compressed Air Energy System solution, Type TC3, subject to satisfactory completion of EMC testing.
The current Type Registration is classified as pending which permits the application of the solution to only the National Grid site at Pitsmoor. Following satisfactory completion of EMC testing full Type Registration status will be notified for the Type TC3 which will become unrestricted and the system will be fully certified and approved for purchase and deployment within all divisions of National Grid where a requirement is identified.
The Type TC3 (also known as the Pnu Power 3kW) provides an alternative solution to conventional batteries for uninterruptible power supply and standby power applications. TC3 costs less to operate, is cheaper to maintain than conventional battery solutions and is consistently dependable. Pnu Power solutions are often used to replace existing legacy lead/acid battery installations.
The receipt of full unrestricted Type Registration will be a key stage for the Company as it moves out of the trial sales phase and into full volume commercial sales. Energetix will provide a further update once satisfactory EMC testing is completed and the Type Registration has become unrestricted.
Commenting Adrian Hutchings, Chief Executive Officer of Energetix Group, said:
"It is a real achievement for us to have reached this stage in the Type Registration process with National Grid and to have successfully come through such a rigorous testing regime demonstrates the credibility and track record that our Pnu Power products have.
"Type Registration should open up a huge commercial opportunity for the Company across Europe, and globally, with one of the world's leading Transmission System Operators and it will mark the second product from the Energetix stable to be successfully moved from development into a commercial product in the market place."
About Type Registration
Type Registration is a documented risk managed process which enables National Grid to verify that plant, equipment and apparatus purchased for use on, or directly connected to the National Grid Electricity Transmission System complies with National Grid's Technical Specifications, International Electrotechnical Commission and is thereby deemed suitable for its intended application.
For further information:
Energetix Group plc | www.energetixgroup.com |
Adrian Hutchings, Chief Executive Officer | Tel: +44 (0)151 348 2111 |
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Cenkos Securities plc (NOMAD & Broker) | www.cenkos.com |
Stephen Keys / Adrian Hargrave (Corporate Finance / Nomad) Julian Morse (Sales) | Tel: +44 (0)20 7397 8900 |
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Walbrook PR Ltd | Tel: +44 (0)20 7933 8780 |
Paul McManus (Media Relations) | |
Paul Cornelius (Investor Relations) |
About Energetix Group plc
Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative energy, with particular focus on distributed generation, energy storage, and energy efficiency. Currently Energetix has two subsidiary businesses:
Genlec - distributed energy generation for domestic dwellings.
Pnu Power - back-up power for the Telecom, Technology and power transmission markets.
In addition, Energetix has a c.43% stake in VPhase plc, an energy efficiency business Energetix created and subsequently spun out of Energetix in 2010. VPhase is now a standalone independently funded commercial venture.
With all technology development now completed Energetix is well positioned as both its subsidiaries move into the latter phases of commercialisation with their best-of-breed solutions.
Genlec
Genlec has developed a highly efficient, compact and light weight, wall mounted microCHP (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 10p/ kWh feed in tariff for approved microCHP 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.
CE certification of the boiler has been obtained and initial units have been installed in employee homes. It is expected that a new version of the Kingston boiler will be deployed to several potential high volume customers during the 2011 winter heating cycle for testing and verification. Genlec is currently developing its supply chain and sales channels to address this significant and rapidly growing market opportunity.
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.
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