Inspirit Energy Holdings PLC Operations Update (7086B)
14 Junio 2021 - 1:00AM
UK Regulatory
TIDMINSP
RNS Number : 7086B
Inspirit Energy Holdings PLC
14 June 2021
14 June 2021
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Operations Update
Inspirit Energy Holdings PLC (AIM: INSP), the developer of Waste
Heat Recovery Systems (WHR) and the micro-Combined Heat and Power
(microCHP) boilers is pleased to provide an update on its
operations.
During the last few months whilst COVID19 restrictions have
eased, Inspirit Energy has been working with its engineering
partners on the [fine] details of the new WHR for the application
on the Volvo marine engine. Details on the electrical and the main
mechanical systems are near completion. It is hoped that by the end
of 2021 all major items of the WHR system will be complete, with a
view to having the designs for a full working prototype that can be
put into manufacture.
Inspirit has additionally developed and applied a new innovative
technology that will become an integral part of the of WHR System.
Whilst still in the early stages of development, the Inspirit Helix
Accelerator system (IHA), works alongside the WHR system taking the
heat from the original source and increasing it via a exothermic
reaction demonstrated to be at least 26%. Essentially, the heat
source that passes though the IHA is amplified to provide a greater
heat source for the Stirling engine, resulting in greater power
output and efficiency. The Company believes that this technology,
along with the Stirling technology that Inspirit Energy has also
developed, makes this system more innovative than anything
currently on the market. IHA has other applications where the
current heat source is in a lower threshold and the traditional use
of Stirling technology would not seem a benefit to recover lost
energy.
Currently, longevity trials are underway on the Inspirit Helix
Accelerator and the results are encouraging. Subject to the current
impact of the Covid pandemic on our manufacturing partners, it is
hoped that we will have a working unit at the beginning to middle
of 2022.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART
OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY
INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO
BE IN POSSESSION OF INSIDE INFORMATION.
More information on Inspirit Energy can be seen at:
www.inspirit-energy.com
For further information please contact:
Inspirit Energy Holdings plc
John Gunn, Chairman and CEO +44 (0) 207 048 9400
Beaumont Cornish Limited
www.beaumontcornish.com
(Nominated Advisor)
Roland Cornish / James Biddle +44 (0) 207 628 3396
Global Investment Strategy UK
Ltd
(Broker)
Samantha Esqulant +44 (0) 207 048 9045
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDGPUMAQUPGGQG
(END) Dow Jones Newswires
June 14, 2021 02:00 ET (06:00 GMT)
Inspirit Energy (LSE:INSP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Inspirit Energy (LSE:INSP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024