- Micro-combined heat and power leader Disenco signs agreement with
National Grid in the US
- Agreement includes five pilot projects to demonstrate Disenco's
HomePowerPlant (HPP) product, which generates electricity, heat and hot
- National Grid to work with Disenco to further market evaluation efforts
including market targeting, equipment functioning options, demographic
impacts and opportunities
- This technology, which can be used in homes and small businesses,
supports National Grid's priorities in helping its customers reduce
their energy bills while cutting carbon emissions
SHEFFIELD, United Kingdom, Jan. 13 /CNW Telbec/ Disenco Energy plc
(Toronto TSX Venture Exchange "DIS.V"), technology leader in the development
and manufacture of highly efficient, energy-saving micro-combined heat and
power (m-CHP) appliances for homes and small to medium businesses, today
announces that it has entered into an agreement with one of the world's
largest investor-owned utilities.
Disenco Energy plc aims at establishing a strategy and route to market
for the earliest introduction of Disenco's unique home-based energy producing
product HomePowerPlant (HPP) to North American homes. Disenco has entered into
a pioneering agreement with National Grid in the US to demonstrate this
product with its customers.
National Grid has demonstrated previously its commitment to clean energy
technologies and recently announced plans to install 5MW of photovoltaics at
four company-owned sites in Massachusetts. With National Grid's commitment to
customers, ambitions in clean technologies, and its gas and electric
businesses in the Northeast US; Disenco stands to gain substantial benefit
from this agreement. Disenco offers National Grid another opportunity to gain
hands-on, real world experience with a new product for its customers.
Disenco's unique HPP appliance could help customers cut hundreds of
dollars off their energy bills each year, by producing up to 70% of peak
electricity demand and satisfying customers' thermal load requirements. The
product could also reduce the annual carbon footprint of their homes or
businesses by up to 66%.
The dishwasher-sized appliance provides the simultaneous, on-site
generation of heat and electricity with up to 92% energy efficiency. The
primary fuel for the unit is natural gas; however, the technology can use a
wide range of fuels including renewable gas. The key, to achieving high
efficiency levels, is the ability of the system to capture the waste heat that
is produced during the generation of electricity. This waste heat is used for
space heating or for hot water. The HPP produces an electrical output of up to
3kW - three times that of its closest competitors - and provides 12-18kW
thermal output, which can be increased to 25kW when coupled with a thermal
Stan Blazewicz, Vice President, Head of Global Technology at National
Grid said, "We have a long tradition of supporting innovation in the utility
industry and are constantly looking for new technology opportunities with our
customers. Disenco's product can help customers drive down their energy costs,
while reducing carbon emissions. We are eager to begin working with Disenco on
the pilot projects over the coming months."
"This agreement marks a further milestone for Disenco and demonstrates
the growing momentum of its business and unique technology," comments Tony
Caplin, Chairman of Disenco. "Through this agreement with National Grid,
Disenco's m-CHP product can be introduced into one of the world's most
important energy markets - the Northeast US."
Under the terms of the agreement, National Grid and Disenco will develop
a pilot program of at least five HomePowerPlant units. National Grid will
collaborate with Disenco in defining product specifications, selecting
appropriate customer sites, and understanding the potential for the HPP in the
US market, with a view to wider product roll-out. Both companies will work
together to support efforts to acquire funding for product development,
product demonstration and deployment from external public sources as
appropriate, such as grants from state or federal research and development
Today's announcement follows the agreement announced by Disenco in July
with ENDESA, a leading utility in the Spanish energy market and the number one
private-sector multinational electricity utility in Latin America, and the
agreement announced by Disenco in September with CENTRICA, BRITISH GAS the
leading utility in the United Kingdom energy market having a customer base in
the UK of in excess of 16 million customers.
Disenco Energy plc (www.disenco.com) was established in 2003 to
commercialise a worldwide market for highly efficient, energy-saving
micro-combined heat and power (m-CHP) appliances for domestic and small
business premises using patented technology.
Disenco's product, the HomePowerPlant, provides over 92% energy
conversion, generating electricity and heat for users in addition to exporting
excess electricity to the grid. Its technology offers economic benefits for
utilities and households, provides triple the electrical output of other
technologies and enables significant reductions in CO(2) emissions.
In February 2007, Disenco listed as a public trading company on the
Canadian TSX Venture Exchange ("DIS.V").
About National Grid
National Grid (LSE:NG; NYSE: NGG) is an international electricity and gas
company and one of the largest investor-owned energy companies in the world.
In the U.S., National Grid delivers electricity to approximately 3.3
million customers in Massachusetts, New Hampshire, New York and Rhode Island,
and manages the electricity network on Long Island under an agreement with the
Long Island Power Authority (LIPA). National Grid also owns over 4,000
megawatts of contracted electricity generation that provides power to over one
million LIPA customers. It is also the largest distributor of natural gas in
the northeastern U.S., serving approximately 3.4 million customers in New
York, Massachusetts, New Hampshire and Rhode Island.
National Grid owns the high-voltage electricity transmission network in
England and Wales and operates the system across Great Britain. It also owns
and operates the high pressure gas transmission system in Britain and its
distribution business delivers gas to 11 million homes and businesses.
National Grid also has a number of related businesses such as LNG importation
and storage, land remediation and metering. www.nationalgrid.com
Safe Harbor Forward-Looking Statements
Certain statements in this release are forward-looking statements, which
reflect the expectations of management. Forward-looking statements consist of
statements that are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained
in the statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if they do occur,
what benefits the Company will obtain from them. These forward-looking
statements reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A
number of risks and uncertainties could cause our actual results to differ
materially from those expressed or implied by the forward-looking statements
These forward-looking statements are made as of the date of this news release
and, except as required by law, the Company assumes no obligation to update
these forward-looking statements, or to update the reasons why actual results
differed from those projected in the forward-looking statements.
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responsibility for the adequacy or accuracy of the contents herein.
For further information:
For further information: Disenco Energy plc: Brian Longpré, Corporate
Relations Director, +44 (0) 114 261 5180; National Grid: Chris Mostyn, US
Corporate Media Relations Manager, +(1) 718-403-2747,
email@example.com; Renmark Financial Communications Inc.: Jen Power:
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(416) 644-2020, Fax: (416) 644-2021; Montreal - (514) 939-3989, Fax: (514)