Commercial Order

Embargoed Release: 07:00hrs Monday 12th November 2007

                               Zenergy Power plc                               

                          (`Zenergy' or the `Group')                           

                        Commercial Collaboration Update                        

              Department of Trade and Industry Wind Power Project              

Zenergy Power plc (AIM:ZEN.L), the specialist manufacturer and developer of
commercial applications for high-temperature superconductive (`HTS') materials,
is pleased to report that, in conjunction with its collaborative partner
Converteam SAS ('Converteam'), it has continued to enjoy strong design and
engineering success within the UK's Department of Trade and Industry's (`DTI')
project to develop an 8MW direct-drive wind power generator powered by
Zenergy's patented HTS materials and components. As a result of this progress,
the Group is today pleased to announce that it has received confirmation from
Converteam of the first commercial order for HTS coils and components directly
related to this project.

This latest commercial order from Converteam, worth in excess of €260,000, is
for the supply of Zenergy's proprietary specialised HTS coils to replace
traditional copper-based components in the manufacture of highly compact,
lightweight and efficient wind power generators. These generators are expected
to be capable of reducing the cost of generating offshore wind power by 25%. To
date, the Group and Converteam have made substantial progress in developing
systems and components expertise and have enjoyed significant engineering
success in relation to the integration of HTS components into power generators.
It is the Board's belief that the Group's patents and accumulated engineering
expertise pose significant barriers to entry for potential market participants.

The current addressable market for the Group's HTS materials and components
within the renewable energy production markets is estimated to be in excess of
€4 billion per annum.

As part of a concerted and extensive effort to accelerate the commercialisation
of this technology, Converteam has been leading the DTI project to develop an
8MW direct-drive superconducting wind power generator powered by the Group's
HTS materials and components. It is expected that the work carried out under
the project will demonstrate that the adoption of HTS materials into wind power
generators will enable manufacturers to overcome the engineering challenges
represented by copper machines as their use becomes severely restricted by
excessive materials weight beyond 6MW designs. Current copper-based 6MW
generators weigh in the region of several hundred tonnes whereas their HTS
equivalents enjoy a reduction in this weight of c. 75%. Additionally, gear box
technology required in copper-based generators has proven to become
increasingly impractical in generators over 3MW, and poses ongoing maintenance
and reliability challenges when deployed in harsh operating environments such
as offshore locations; often rendering repairs untenable and uneconomical for
extended periods of time. It is for this reason that, in addition to improved
efficiency and weight specifications, the ability of Zenergy's and Converteam's
HTS approach to eliminate the need for any gear box system has particular
attractiveness to manufacturers and operators of wind power generators.

Building on the significant design and engineering progress already achieved
within this groundbreaking project, Converteam and Zenergy will now begin the
production of the world's first large-scale demonstration system of a
high-power direct drive HTS wind power generator. This scaled version of the
eventual 8MW machine would be capable of producing enough power to supply in
excess of 500 households and will represent a historical engineering feat for
HTS technology and a significant step towards the production of the 8MW unit.

As announced on 12 March 2007, the Group and Converteam have entered into a
five-year exclusive co-operation agreement to jointly develop, manufacture,
market and sell a range of compact, lightweight and highest efficiency power
generators into the global wind and small hydropower markets. It is anticipated
that the lightweight HTS generators incorporating the Group's core technology
will be capable of achieving a 25% reduction in cost of the production of
offshore wind power.

Derek Grieve, Technical Director, Converteam Ltd, commented:

`The significant technical and commercial advantages of HTS technology will
provide a step-change in the way that wind and hydro energy are captured.
Converteam are the leading participant in the worldwide offshore wind and
marina sectors and we now intend on leveraging our position to become the
world-leader in the fast-growing renewables sector. We believe that the next
generation of wind power generators will inevitably be driven by HTS
technology.

Zenergy's HTS coils pave the way for us to produce wind power generators of
unprecedented power densities and efficiency levels that significantly increase
the level of energy conversion into electrical power and we look forward to
continuing our relationship with them.'

In another collaborative effort, Zenergy and Converteam have already made
encouraging commercial progress within the small hydropower sector. In October
of 2006, the European Commission funded the installation of the world's first
HTS hydro-generator - developed by Zenergy and Converteam - into E.ON
Wasserkraft GmbH's ('E.ON-WK') commercial hydro-electric dam in Bavaria,
Germany. This HTS hydro-generator delivers significant improvements to
electrical efficiency when compared to existing copper-based generators.
E.ON-WK is Europe's largest producer of hydro-electric power with over 10
billion kilowatt hours of electricity produced each year, and Zenergy and
Converteam view the commercial interest of E.ON-WK in HTS generators as a
persuasive and significant endorsement of the improvements to economic return
that HTS can bring to renewable power generation.

                                    -Ends-                                     

Further information:

Dr. Jens Müller                 Zenergy Power plc        + 49 22 26 90 60 200
                                                                             
Andrew Tan                      Hansard Group            + 44 207 245 1100   
                                                                             
Gareth Price / Tom Hulme        Landsbanki Securities    + 44 207 426 9593   
                                (UK) Ltd.                                    

About Converteam Group SAS

Converteam Group is a world leader in power conversion engineering. Building on
over a century of experience, it is firmly placed at the leading edge of
technology and innovation with a global reputation for excellence in the
conversion of electrical energy. Converteam develops and provides solutions
built around three core components: rotating machines, drives and process
automation. Serving specialized sectors as well as its core markets in Marine &
Offshore, Oil & Gas, Energy and Industry, its 3,500 staff members provide power
conversion solutions worldwide. At year-end 2006, the Converteam sales totalled
686,000,000 EUR.

About Zenergy Group plc

Zenergy Power plc is a global specialist manufacturer and developer of
commercial applications for superconductive materials. Comprising three
operating subsidiaries located in Germany (Trithor), USA (SC Power Systems) and
Australia (Australian Superconductors), Zenergy is developing a number of
energy efficient applications to be adopted in renewable energy power
generation, energy distribution and large scale, energy intensive industrial
processes.

About superconductivity

Superconductive materials are capable of conducting electricity without any
resistance and were first discovered in 1911 in what was to prove to be one of
the most significant scientific breakthroughs of the 20th century.

The global HTS market is substantial and growing, with a number of market
studies projecting multi-billion dollar markets for the application of HTS
materials and products. The proliferation of the use of superconductor
materials is largely being driven by the following key factors:

(a) HTS materials are highly complementary to energy efficient technologies as
a substitute for copper.

(b) HTS wires have power densities of over 100x that of copper.

(c) Current developments are leading to substantially reduced costs in the
production of HTS wires and are targeting to be cheaper than copper over the
next few years.

(d) HTS applications deliver exceptional energy efficiencies and thus reduced
power consumption and running costs.

(e) HTS technology is set to play a significant role in reducing CO2 emissions
in line with international targets.

(f) HTS applications are capable of delivering vastly increased levels of power
with increased reliability and reduced material usage.