Inspirit Energy Share Discussion Threads

[[e-mail]] 18/12/2015 09:28

all good news

[deanroberthunt] 18/12/2015 09:09

isn't this about to be struck off because of late filing of accounts...

[liquid millionaire] 18/12/2015 07:20

Inspirit Energy Holdings plc
("Inspirit" or the "Company")

UK Government decision regarding the Feed in Tariff scheme

Inspirit Energy Holdings plc, the AIM listed developer of micro combined heat and power boilers, notes the announcement on 17 December 2015 by the Department for Energy and Climate Change ('DECC') in response to the consultation on the Feed in Tariff (FiT) scheme.

The Government has confirmed that it will retain the FiT scheme and no changes have been made to the support for micro combined heat and power ("microCHP") technologies at this point. The original consultation document on 27 August 2015 set out a number of options for the FiT scheme. Inspirit welcomes the DECC's decision to continue with the scheme.

The Company also notes a decision of the consultation response document to hold a separate, joint consultation on support for microCHP and anaerobic digestion "in early 2016". The Company considers this to be a positive development and an opportunity for the DECC to tailor the tariff structure for microCHP to better reflect the stage of development of the various microCHP technologies and how Government support can help to boost uptake of microCHP appliances, such as the Inspirit Charger. The Company will continue to engage on this matter with the DECC both directly and via its trade association, the HHIC (Hot Water and Heating Industry Council).
Until the result of that proposed consultation, the generation tariff rate for microCHP remains at 13.45p per kilowatt hour generated and the applicable export tariff rate for microCHP remains at 4.85p per kilowatt hour. In contrast, the generation tariff rate for solar photovoltaics will reduce for installations registered on or after 15 January 2016 to 4.39p per kilowatt hour generated for sub 10 kilowatt peak capacity systems, approximately 33% of the microCHP tariff.

Inspirit notes that, subject to the result of the proposed consultation on microCHP, the Inspirit Charger 2.0 is expected to be eligible for FiT support, once it has reached the point of commercial launch and has been fully accredited under the Microgeneration Certification Scheme.

For commercial customers it is expected that the Inspirit Charger 2.0 would act as the first boiler to fire in a typical commercial boiler array and as such could achieve annual run hours in excess of 7,000 hours per year in our target market segments. The greater the number of run hours, the higher the payments from the FiT scheme would be.

Paddy Thompson, Sales Director of Inspirit Energy, commented:
"The Inspirit Charger 2.0 is currently in development. Today's announcement by the DECC confirming the continuation of the scheme supports the development of this product. The additional consultation on microCHP 'in early 2016' gives us the opportunity to propose improvements to the scheme and the timing is in line with our continuing development path."

John Gunn, the company's CEO, commented:
"Today's announcement by the DECC is a boost for the industry and hence for the Company and for shareholders. We will continue to communicate our belief to the Government that microCHP will become a key part of the UK energy mix and that Government support can accelerate this. I look forward to providing additional updates to shareholders on progress with the Inspirit Charger 2.0 in the near future."

[andysand] 17/12/2015 10:38

Very interesting that there was no rise. Is there an imminent placing? That's usually the reason that a share doesn't respond to apparently good news. Surely can't be that the accounts are late? Maybe a combination of the two.As always, AIM share holders are in the dark. I don't hold these but I have held plenty of similar shares over the past year. I think my New Years resolution will be to stay away from AIM. It is a dark and mysterious place indeed.

[[e-mail]] 17/12/2015 09:06

things moving along nicley,looking forward to 2016.

[liquid millionaire] 17/12/2015 07:20

Inspirit Energy Holdings plc
("Inspirit" or the "Company")

Successful completion of internal testing on Inspirit Charger

Inspirit, the London AIM (Ticker:INSP) quoted developer of 2 & 3kW electrical, 15kW thermal micro combined heat and power boilers, is pleased to announce the successful conclusion of operational testing on its first Inspirit Charger microCHP appliance for field trial use.
Our first Inspirit Charger has completed more than 1,500 hours of rigorous testing at our Sheffield facility. During this period of testing the Company has sought to demonstrate that the appliance not only meets market requirements but also our quality objective of creating a product that is "sealed for life". "Sealed for life" means that the Stirling engine requires no maintenance during its lifetime and that the appliance as a whole requires no more servicing than is required on a standard modern gas condensing boiler.

Testing proved the performance of the smart electronic controls system, the dry gearbox, the robustness of the helium seals, the simultaneous production of heat and power, the suitability for real world field trials and the overall efficiency achieved which was in excess of 90%. One of our key engineering successes has been the development of a dry (non oil-based) gearbox for our Stirling engine which prevents the leakage of lubrication oil into the main cylinder and greatly extends product lifetime.

The board is delighted to report that the appliance has met or exceeded all internal quality requirements for safety, reliability and durability. This is the successful culmination of many months of hard work by our engineering team. In recognition of this success and commitment, the board has promoted Paul Booker to the senior management team in the role of Design & Development Director of Inspirit Energy Ltd, our wholly owned subsidiary.

The significance of concluding this test phase should not be underestimated given the superior performance of the Inspirit Charger versus the current competition. This coupled with the balanced drive, low noise levels, low maintenance and enhanced durability make this a unique and world-leading product.

The applicable market for this technology is global, either as a boiler replacement product or as an add-on to an existing system. In the UK there are in excess of 20 million gas boilers installed and more than 1.6 million new and replacement domestic gas boilers are installed each year. This is in addition to almost 300,000 commercial boiler installations each year. The whole European boiler market is approximately 10 million installations per year. These are the markets to which our technology is applicable.

At this juncture the company has agreed with Enertek International ("Enertek"), which is based in Hull and is one of only two engineering laboratories capable of fully testing microCHP appliances in the UK, that the appliance will be delivered to them in the second half of January 2016 for independent third party testing. This will allow Enertek to acquire certification for field trial use in real world installations such as commercial plant rooms and domestic properties.

Enertek will complete safety and performance testing during January and February prior to EC Certification via BSI Certification which involves testing the appliance to European Standards covering gas safety, electrical safety and thermal/electrical efficiency. Once certified to the relevant European Directives the Inspirit Charger will be released for field trials.

Prior to commercial production, the Inspirit Charger will be submitted for MCS Certification enabling it to qualify for the UK Government's Feed in Tariff (FiT). Although the appliance is designed to be commercially viable in production without subsidy, the FiT will greatly help the development of the microCHP market sector in the short to medium term. Testing of the first Inspirit Charger at Enertek will take approximately six weeks. Once testing at Enertek is complete, this unit will then be installed with the first of our field trial partners to prove real world performance.

Our Sheffield based facility, along with our design and development partners, will now accelerate the assembly process for a further nine pre-acquired units which will form the remainder of our field trial programme.

Inspirit is also pleased to announce that it has launched a new redesigned website which includes new product images, an enhanced interface and a regular blog alongside shareholder and company information. Any parties interested in being exemplar customers subsequent to the completion of the field trial should register on our website. The website address remains unchanged at www.inspirit-energy.com



John Gunn, CEO, commented:
"This is not just a fantastic achievement for Inspirit, but also an achievement for British engineering.

I have to thank our committed engineering team as well as our engineering partners for their work in developing this generation of the appliance, which will shortly go into field trials and commercial production thereafter.

The worldwide boiler sales market is in excess of 20 million per year, with the UK being in excess of 1.6 million and Europe in excess of 10 million. I am sure that the Inspirit Charger, which generates both hot water and electricity simultaneously, will make a significant contribution to the industry as it moves beyond traditional boiler technology.

With declining gas prices and our appliance's electrical efficiency the Inspirit Charger will create another compelling argument for electricity companies to move away from carbon hungry coal-fired power stations and more towards supporting sustainable and controllable localised microgeneration, suitable for integration into the smart grids and smart cities of the future.

Having achieved our goal of creating a product fit for purpose, we now look forward to delivering commercial sales. Our current board have all the expertise to deliver and we look forward to the challenges ahead.

I hope in the New Year to provide you with further updates."

David Lenigas, Chairman, commented:
"It is fantastic to see John and his team delivering on the promises made to shareholders. This announcement is a key step forward in the Company's business plan and we will continue to push ahead to commercial sales and financial success."

Paul Needley, joint MD, Enertek International commented:
"Enertek International look forward to receiving the latest Inspirit Charger in January and to acquiring EC certification via BSI certification services. Enertek are very enthusiastic about the developing mCHP market because these appliances produce relatively low carbon and cost effective electricity at times of peak demand. We are very pleased to be associated with Inspirit Energy".

[rwauu] 19/11/2015 18:27

I think it has a lot of potential. People started caring about energy efficiency at increasing rates and this might be the solution.

[jeffcranbounre] 05/11/2015 08:06

I've got Inspirit Energy #INSP on the podcast today. Please submit any questions you have here>

[the stigologist] 03/11/2015 16:19

Re-iterates placing coming

'pretty safe short from this level'

[liquid millionaire] 22/10/2015 17:52

Lenigas CUBA [LGC] IPO



Very good to see that Lenigas Cuba are fully funded at 5p for the 2nd NOV IPO....



ARGY2 22 Oct'15 - 15:42 - 539886 of 539893 3 0

david lenigas ‏@DavidLenigas 28m28 minutes ago
Note to drunkard TW. AfriAg has absolutely no plans for placing. So you are wrong! Again. Very happy with LGC funding. We have what we need

Nice to see someone take on the vulgar bully Winnifraud

[michaelx105] 16/10/2015 10:04

Does anyone know of any other Stig stocks? Lol

[vivgav] 16/10/2015 09:53

2 bagger here after STIGmob's latest NUMPTY call. :-)

[michaelx105] 16/10/2015 09:42

Being offered .678 according to my dummy sell...

[michaelx105] 12/10/2015 14:23

Lack of funds, Duxy. Otherwise I would.

[duxy786] 12/10/2015 14:17

Still not late Michealx, Added down myself but originally bought at 0.55. Directors adding give a clear indication to add all the way down...


John Gunn, the Company's Chief Executive Officer, will participate in the placing by investing GBP75,000. Of this investment, GBP50,000 will be invested by Global Investment Strategy UK Limited ("GIS") which is a 100% owned subsidiary of Octagonal Plc (OCT) of which John Gunn is Chief Executive Officer and 52.44 per cent shareholder, as a conversion into Placing Shares of an existing loan, and GBP25,000 will be invested by John Gunn directly in the Placing.

David Lenigas will also participate in the placing by converting an existing loan of GBP50,000 into Placing Shares.

In addition, John Gunn has transferred, for nil consideration, 18,769,200 Ordinary Shares to former investors in Disenco Limited, the company which originally developed the Inspirit technology.

As a result of the above transactions, John Gunn will be interested directly and indirectly through GIS/ OCT in 355,029,580 Ordinary Shares representing 45.59 per cent. of the Company's enlarged issued share capital and David Lenigas will hold 16,638,297 Ordinary Shares representing 2.14 per cent. of the Company's enlarged issued share capital.

[michaelx105] 12/10/2015 13:54

Looks like people are getting what potential we have with this company. I only wish I'd bought in at this low price.