DOE Superconductor Development Project Extension

Embargoed Release: 07:00hrs Monday 2 February 2009

                               Zenergy Power plc                               

                          (`Zenergy' or the `Group')                           

          Extension of DOE Funded Superconductor Development Project           

Zenergy Power plc (AIM:ZEN.L), the specialist manufacturer and developer of
high efficiency industrial and renewable energy devices employing
superconductor technologies, is pleased to announce that the U.S Department of
Energy (`DOE') is to provide additional funding to the Group to extend its
existing research and development agreement with Sandia National Laboratories
(`Sandia'). The additional funding will be used to further the research work
being conducted on Zenergy's ground breaking mass-production techniques for its
2nd generation low-cost superconducting wires (`2G').

Since 2003, Zenergy has been developing its own proprietary 2G low-cost
production techniques in anticipation and support of its range of high
efficiency renewable energy generators, and initially received funding from the
DOE in 2006. Since that time, Zenergy has successfully leveraged Sandia's world
renowned research capabilities and demonstrated the potential cost advantageous
of its patented `all-chemical' production techniques. Building on these initial
successes, the total value of the Group's research project with Sandia will now
be expanded from its initial c. US$800,000 to c. US$1,800,000 and will last
through 2010. The progress being made with Sandia is positioning the Group to
be able to deliver significant cost advantages to the superconductor industry
and the Board is delighted to have received the explicit recognition of this
potential from the DOE.

It has long been the belief of the Group that its `all-chemical' production
techniques have significant cost advantages over alternative methods being
developed by other industry participants and that the wide availability of
low-cost superconductive materials has significant implications for the
production and distribution of renewable energy. Furthermore, Zenergy considers
that the continued successful development of these processes will place it at
the forefront of delivering the cost competitive superconductive materials that
will play a key role in the commercialisation of superconductor technologies
across the variety of power applications associated with the generation,
distribution and use of electrical energy. In particular, the Group is
focussing on applications that will significantly improve the financial return
of renewable energy production and help prepare electricity grids for its
contribution.

Jens Müller, CEO, commented:

`Working with Sandia gives us access to some of the world's most sophisticated
research resources and together with the support of the U.S Department of
Energy we are rapidly developing potentially the world's most cost effective
superconductor materials. It is now widely recognised by governments around the
world that cost effective solutions to renewable energy production underpin any
move towards sustainable economic growth paths. We are delighted to be able to
contribute towards this through our 2G development. Its low cost deployment in
industrial scale applications can play a major role in improving the economics
and efficiencies of large-scale hydro, wind and wave power generation and
distribution.'

                                    -Ends-                                     

Further information

Andrew Tan                      Zenergy Power plc        + 49 2226 9060 668  
                                                                             
Vikki Krause                    Hansard Group            + 44 207 245 1100   
                                                                             
Andrew Godber/Katherine Roe     Panmure Gordon & Co      + 44 207 459 5742   

About Zenergy Power plc

Zenergy Power plc is a global specialist manufacturer and developer of high
efficiency industrial and renewable energy devices that employ superconductor
technologies. Comprising three operating subsidiaries located in Germany, USA
and Australia, Zenergy is highly focussed on the commercialisation of a number
of energy efficient applications to be adopted in energy intensive industrial
processes, power distribution and renewable power generation. Zenergy achieved
the world's first sale of an industrial scale HTS induction heater which is now
in operation.

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.

Superconductors enable:

(a) Induction Heaters to be twice as efficient for the metals industry

(b) Fault Current Limiters to protect power grids from blackouts

(c) Direct-drive wind generators to be significantly reduced in size and weight
allowing the operation of wind generators in excess of 8 MW

(d) Existing hydro-power sites to increase energy efficiency and electrical
power output