RCS - Libertine Holdings - Strategic Partnership Agreement with BASEBATT

Libertine HoldingsAnnouncement

12/03/2024 07:15

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RNS Number : 4265G  Libertine Holdings PLC  12 March 2024

 

12 March 2024

RNS Reach

Libertine Holdings PLC

("Libertine" the "Company" or the "Group")

Libertine announce Strategic Partnership Agreement with BASEBATT

 

Libertine Holdings PLC (LSE AIM: LIB), a developer of linear generator
technology, has entered into a Strategic Partnership Agreement with BASEBATT
Ltd ("BASEBATT"), a developer of battery storage solutions, to create
factory-configurable, fuel-flexible containerised hybrid renewable power
systems.

The purpose of the Strategic Partnership Agreement is to secure partner
commitments to form one or more demonstration programmes in response to a trio
of new enquiries from a leading US containerised power generator company, a
waste-to-energy technology company and a global data centre energy services
company.

The nature of the Strategic Partnership Agreement is largely non-binding and
any revenue generating activities would be subject to further agreement in the
form of a binding Joint Development Agreement or Contractual Framework
Agreement and Statements of Work.

Under the terms of the Strategic Partnership Agreement, Libertine and BASEBATT
intend to collaborate on business development, technical development and pilot
programme formation activities to create prototype demonstration units for
intensive energy users such as data centres, warehousing and logistics, and
manufacturing operations in the UK and globally.

The containerised power system will incorporate linear generators, which
combine the efficiency of fuels cells with the durability and power density of
conventional generators to produce clean, dispatchable(1) power from renewable
fuels. Libertine's intelliGEN platform is the foundation for a battery-like
Linear Generator product architecture that combines individual Linear Power
System 'cells' into modules and packs.

BASEBATT is a developer and supplier of modular battery energy storage systems
for stationary power applications. BASEBATT's technology provides a
configurable, robust, future-proof platform for energy storage, management and
deployment into a wide range of sectors.

The rapidly growing global demand for data centres and other energy intensive
site operations is constrained by grid infrastructure and often relies on
conventional internal combustion engine generators using fossil fuels for
dispatchable power generation. Containerised hybrid power systems combining
linear generator and battery technology would provide a more efficient, more
effective, fossil free solution.

Sam Cockerill, Chief Executive of Libertine, said: "Grid infrastructure in
both developed and developing markets is insufficient to support the growing
demand for energy services, especially as the use of intermittent renewables
increases. Libertine's linear generator technology complements BASEBATT's
battery storage technology to provide a solution.

"Containerised hybrid power systems will help balance power supply and demand
within micro-grids(2) and behind-the-meter(3) solutions by storing
intermittent renewable power when there is a surplus and providing
dispatchable clean power from renewable fuels when the battery storage is
depleted.

Richie Frost, Chief Executive of BASEBATT, said: "We are delighted to be
working with Libertine to develop this new hybrid power system product
architecture, addressing significant current challenges with grid
infrastructure. The hybrid power system we intend to develop would provide a
modular solution that can be factory-configured for individual business
requirements, ensuring that both battery and generator capacity provided is
optimally sized in a single container, and reducing the total system CAPEX and
on-site installation costs.

 

"The combination of clean power generation from Libertine's linear generator
technology with battery storage of intermittent on-site renewable power will
support continued growth of energy use in data centres and other energy
intensive industries whilst delivering an economic path to net zero."

 

Editors Notes

1 "Dispatchable" means flexible power generation that can immediately respond
to changes in grid or site demand.

2 "Micro-grids" are small-scale power grids that can operate independently or
in conjunction with the main power grid. They consist of localized sources of
energy, such as linear generators, along with energy storage devices and
control systems to manage supply and demand within a specific area.

3 "Behind-the-meter" refers to energy systems or devices that are located on
the customer's side of the utility meter. This includes power generation
sources and energy storage systems used to meet the customer's energy needs
without interacting directly with the utility grid.

 

 

 

For more information, please visit www.libertine.co.uk
(http://www.libertine.co.uk) or contact:

 Libertine Holdings PLC                               via Tavistock
 Sam Cockerill, Chief Executive Officer
 Gareth Hague, Chief Financial Officer
 Tavistock (Public Relations and Investor Relations)  +44 207 920 3150
 Rebecca Hislaire                                     libertine (mailto:libertine@tavistock.co.uk) @tavistock.co.uk
                                                      (mailto:libertine@tavistock.co.uk)
 Saskia Sizen

 

 

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About Libertine

Founded in 2009, Libertine provides technology platform solutions for Original
Equipment Manufacturers ("OEMs"), enabling efficient and clean power
generation from renewable fuels, and more effective energy storage devices and
gas compressor systems. Libertine was admitted to trading on the AIM market of
the London Stock Exchange in December 2021.

Libertine has created two technology platforms, each using the same core
technology elements, which the Company provides to its OEM customers for their
development of Linear Generator and Linear Motor products:

-       The intelliGEN™ platform enables the creation of clean, highly
efficient and fuel-flexible Linear Generator products including:

•      Heavy-duty hybrid powertrains of trucks, buses, tractors,
construction and mining equipment;

•      Medium and light-duty hybrid powertrains of commercial vehicles
operating over longer distances;

•      A proportion of the passenger automotive market where vehicle
use and recharging constraints are a barrier to battery electrification; and

•      A wide range of off-grid, portable power and distributed power
generation applications.

 

-       The HEXAGEN™ platform enables more effective energy storage,
thermal power generation, waste heat recovery and gas compression products
including:

•      Stirling Engine power generators and thermal energy storage
systems;

•      Linear motor reciprocating compressor (LMRC) systems for
hydrogen refuelling stations; and

•      Organic Rankine Cycle waste heat recovery systems.

 

These two platforms are a result of over a decade of development and
performance validation of Libertine's proprietary core technology elements
including its linear electrical machines, controls and developer tools.

The potential market for Linear Generator products goes well beyond the
distributed power generation applications where Linear Generators are already
in commercial use today, complementing intermittent renewable power with
clean, on-demand power generation. Linear Generators also have the potential
to complement battery electrification in hybrid powertrains, providing
on-board power generation to address the practical and economic barriers to
rapid adoption of clean electric propulsion using battery electric powertrain
technology alone.

Working with OEMs from an early stage in the development cycle ensures
Libertine's technology is effectively integrated into OEM products, maximising
the performance and economic benefits provided by Libertine's platform
technology. Libertine has developed a portfolio of over 30 granted patents in
addition to a significant body of technical know-how generated since the
Company's formation. The Company's senior management team and board includes
executives with decades of deep technical experience in the automotive and
energy industries.

 

About BASEBATT

BASEBATT Ltd is a new company that has been formed to create containerized
energy storage systems, providing innovative solutions for storing and
distributing energy, drawing on the technology and engineering resources of
the GATTECHA group of companies. BASEBATT integrates advanced battery storage
systems with modular design, allowing unprecedented flexibility in capacity
and configuration to meet various energy needs, as well as easy deployment and
integration into existing infrastructure, making it ideal for both on-grid and
off-grid applications.

BASEBATT aims to provide customized, full turn-key electrification and energy
storage solutions to businesses that are looking to transform their existing
operations to optimize utilization, improve efficiency, and achieve long-term
cost savings.  BASEBATT works closely with customers to understand their
challenges and goals, conduct thorough analysis of energy usage and management
processes, and provides comprehensive solutions that include electrification
of fleets, charging infrastructure deployment, energy storage systems &
management tools.

With innovation, flexibility, and reliability in mind, BASEBATT's
cell-agnostic products and solutions are designed to be future-proof and to
integrate seamlessly with different battery cell technologies, allowing our
customers to take advantage of emerging technologies and improve performance
without significant retrofitting costs. Our energy storage systems can also be
used in conjunction with generators or fuel cells to further enhance
efficiency, reliability, and sustainability in various applications with the
following benefits:

·      Peak-shaving and load-balancing: during periods of high
electricity demand, the energy storage systems can discharge stored energy to
supplement the power output from the generator or fuel cell, reducing the load
on the generator and optimizing fuel efficiency.

·      Reduced emissions: integrating energy storage systems with
generators or fuel cells allows for the optimization of energy usage and power
generation, thereby reducing fuel consumption and emissions.

·      Transient response improvement: energy storage systems provide
fast response times and high-power capabilities, making them ideal for
improving the transient response of generators and fuel cells, as well as
enhanced stability and system reliability.

·      Backup power and resilience: energy storage systems provide
backup power during startup / shutdown sequences, or in the event of generator
or fuel cells failure. By seamlessly transitioning to stored energy during
transient periods or emergencies, our energy storage systems enhance
resilience, ensuring uninterrupted power supply and minimizing downtime.

·      Renewable energy integration: our energy storage systems can be
paired with renewable energy sources such as solar and wind, along with
generators or fuel cells, to create hybrid power systems. These systems
combine the intermittent generation of renewable energy with the reliability
of generators or fuel cells, and the flexibility of energy storage, enabling
round-the-clock power supply with minimal reliance on fossil fuel.

 

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