Inspirit Energy Holdings has signed up cleantech technology developer Sentec to develop the appliance control and energy management system for its micro combined heat and power (mCHP) appliance.
Inspiritís appliance uses the Stirling engine-based electricity generation process and it uses natural gas to produce hot water and generate electricity. The main focus is the commercial market and the first trial boilers should be installed in the middle of 2014. Independent testing of the appliance suggests that it is capable of simultaneous generation of up to 15kW thermal and up to 3kW electrical output.
Volume production is planned before the end of 2014.
At 1.75p a share, Inspirit is valued at £9.9m. Inspirit qualifies for EIS and VCT investment relief.
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