REG - Inspirit Energy Hlds - Update on the Waste Heat Recovery system

Inspirit Energy HoldingsAnnouncement

27/06/2022 07:00

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RNS Number : 2074Q  Inspirit Energy Holdings PLC  27 June 2022

27 June 2022

 

Inspirit Energy Holdings Plc

("Inspirit" or "the Company")

Update on the Waste Heat Recovery system.

 

Inspirit Energy Holdings Plc, (LON: INSP) is pleased to provide an update on
its Waste Heat recovery (WHR) system.

The WHR is a major component in the application for the Volvo Marine engine
and other heat recovery applications the Company has been working on whereby
waste heat exhaust is recycled and converted to energy.

The unit is being built and tested in Poland and with the current issues in
neighbouring Ukraine, sourcing materials and components has been
challenging.   However, we are pleased to report that on the first phase of
the development of the WHR unit and with limited testing, the unit has
provided the highest recorded output of over 30 kW in the first stage build
test period. This is a remarkable achievement in Inspirit's history.

We will continue to keep our collaboration partner informed of our progress
and the team wish to make further enhancements to the appliance before
commencing trials (including having the Marine application available) and we
will provide further  updates to the market in due course.

Photographs of the unit will be available on our website
(www.inspirit-energy.com (http://www.inspirit-energy.com) ).

Paul Booker, Design and Development Director,  commented:

" This is truly ground breaking technology and the application can be applied
to marine, waste heat recycling from energy generation, refrigerated transport
that uses diesel engines and many more applications. "

 

 

More information on Inspirit Energy can be seen at: www.inspirit-energy.com
(http://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

 

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