Embargoed Release: 07:00hrs Thursday 9th August 2007
Zenergy Power plc
(`Zenergy' or the `Group')
Core Patent in Key Renewable Energy Markets
Zenergy Power plc (AIM:ZEN.L), the specialist manufacturer and developer of
commercial applications for high-temperature superconductive (`HTS') materials,
is pleased to announce that the Group has been granted a core patent covering
its groundbreaking HTS coils in Germany. This patent is of particular
significance as the HTS coil represents the central component in the
manufacture of a new class of highly energy efficient, compact and lightweight
electricity generators. These generators are to be sold to industry
participants within the renewable energy sector to improve the efficiencies
associated with the production of electricity and are projected to be capable
of reducing the overall costs associated with the production of renewable
energy including up to a 25% reduction in offshore wind power costs.
HTS generators are a new class of electricity generator based around the use of
HTS materials in place of traditional copper-based components that are being
developed by the Group and its partners with the backing of a number of
government and public bodies including the European Commission, German Ministry
of Economics and Technology and the UK government's Department of Trade and
Industry ('DTI'). Once developed and deployed it is estimated that Zenergy's
addressable market for its HTS components within the wind power and hydro power
markets will be worth in excess of €2.6bn per annum. Currently, the Group is
working to install the world's first HTS hydro generator into E.ON Wasserkraft
GmbH's (`E.ON') commercial hydroelectric power station based at Hirschaid in
Bavaria, Germany. Once successfully tested, the 1.25 MVA superconductor
generator is scheduled to power approximately 2,000 households on an ongoing
basis through E.ON grid operation. To date testing has demonstrated that
Zenergy's components are capable of delivering efficiency levels of greater
than 98% in the generation of hydro-electric power.
As announced on the 12th of March 2007, Zenergy has been selected by one of the
world's leading electricity generator manufacturers, Converteam SAS
(`Converteam'), to be their exclusive supplier of all HTS materials and
components to be used in the production of HTS generators being developed for
the wind and hydro power markets. The selection as the exclusive supplier by
such an established participant within the global energy market was in part in
recognition of the engineering expertise that the Group had accumulated during
the development of its HTS coils and outlines the significant value protected
by this patent. Demonstration of the Group's expertise can be found in the fact
that the HTS coils covered by this patent have been engineered to be able to
operate within - and withstand - the extreme electromagnetic forces occurring
in the largest direct-drive wind power generators, which often exceed 40,000
tonnes per square metre. The Board considers that the extreme engineering
challenges that these conditions represent to potential HTS component
manufacturers, act as significant barriers to entry to this global billion
dollar market and further support the significance of the grant of the Group's
coil patent.
Currently, Converteam is leading a DTI-funded project to design a high-power
(8MW) direct-drive superconducting wind generator, based on the technology that
is subject to this patent grant. The new class of HTS generators will be
significantly smaller than conventional generators and just one quarter of the
weight. This is anticipated to achieve electricity cost savings of around 25%.
Dr. Jens Müller, Group CEO, commented:
'We are delighted to have been granted this particular patent which covers a
key component that has been subject to many years of investment and development
by the Group. Being selected by Converteam to be their exclusive supplier of
HTS materials and components has provided the Group with direct channels to
extremely lucrative markets; the grant of this patent protects our value in
those markets and is key to our strategy of protecting our clear leadership
position through our first mover advantage.
From a technical perspective, our coils represent years of cutting-edge
research and engineering innovation and I would like to thank all of those that
have contributed to their development.'
-Ends-
Further information:
Dr. Jens Müller Zenergy Power Plc + 49 22 26 90 60 200
Andrew Tan Hansard Group + 44 207 245 1100
www.hansardgroup.co.uk
Tom Hulme Landsbanki Securities + 44 207 426 9000
(UK) Limited
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
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