Inspirit Energy Ltd – Overview
Inspirit Energy Ltd is a wholly owned subsidiary of Inspirit Energy Holdings Plc. Inspirit Energy Ltd was established to continue the development and commercialisation of an micro Combined Heat and Power (“mCHP”) appliance to be distributed initially to the UK market and subsequently worldwide, for the local, small-scale generation of electricity in connection with the provision of heat and hot water for SME usage. The revolutionary m-CHP appliance, which will compete with and complement existing boiler technology, initially received GAD (Gas Appliance Directive) approval in June 2006.
The Inspirit mCHP appliance is a revolutionary technology that will allow SMEs to generate heat, hot water and electricity through onsite micro-generation of power. There are no transmission losses and the appliance has a high level of energy efficiency (92%).
Benefits to SMEs include:
- Peak electrical power output of 3kW
- Heat output of 15kW thermal, with water storage up to 25kW
- Power output is not dependent on the weather
- No structural or specific planning permission required
- Reduces energy bill costs year on year
- Reduces energy costs at costly peak times
- Reduces dependence on grid supply
- Short payback period
- Saves up to 4 tonnes of CO2 emissions per year
- Low maintenance and quiet operation
- Ability to export electricity back to the utility grid
- Potential in the UK to benefit from either Feed-in Tariffs or Renewable Obligation Certificates