22nd Mar 2006 07:02
Turbo Genset Inc.22 March 2006 Wednesday 22nd March 2006 TURBO GENSET INC. ANNOUNCES RENEWABLE ENERGY INITIATIVE WITH COMPACT POWER Turbo Genset today announces that it has signed an agreement to collaborate withCompact Power Ltd in the development of a packaged biomass distributedgeneration system. Compact Power has a successful existing biomass processing plant in Avonmouthoperating on a wide range of municipal and biological waste products, and is inthe process of developing a "green biomass" module for commercial exploitation. Turbo Genset will supply the generator and inverter technology which, inconjunction with a gas turbine genset and a recuperator provided by otherpartners, will improve the efficiency and power output of the overall system. Compact Power uses pyrolysis and gasification technology producing high qualitysyngas and carbon from hydrocarbon feedstocks. The strategy is based ondistributed systems - modular plant delivering economic local solutionsoptimising energy utilisation and reducing transport impact. Typical systems will deliver c.2.5 MWe. Plant will be packaged in containers for"plug and play" installation. The first system will be commissioned in 2006. Commenting on the agreements Michael Hunt, Turbo Genset , CEO said "Renewableenergy is an exciting and growing sector which plays well to our strengths inpower electronics and generators. The environmental benefits that will bedemonstrated by this agreement with Compact Power, will be important in growingthis market further." For further information, please contact: Turbo Genset Tel: +44 (0)20 8564 4460Michael Hunt, Chief Executive OfficerStephen Sadler, Chief Financial OfficerCompany Website: www.turbogenset.com Gavin Anderson (PR)Ken Cronin Tel: +44 (0)20 7554 1400 NOTES TO EDITORS About Turbo Genset Turbo Genset designs and manufactures innovative power solutions which providelocal, high quality, controllable electrical power. The Group's products aresold into a number of markets but all are based on its core technologies ofpower electronics and high speed electrical machines. Forward Looking statements This news release contains forward-looking statements. Forward-lookingstatements include statements concerning plans, objectives, goals, strategies,future events, or performance, and underlying assumptions and other statementsthat are other than statement of historical fact. These statements are subjectto uncertainties and risks including, but not limited to, the ability to meetongoing capital needs, product and service demand and acceptance, changes intechnology, economic conditions, the impact of competition, the need to protectproprietary rights to technology, government regulation, and other risks definedin this document and in statements filed from time to time with the applicablesecurities regulatory authorities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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