Inspirit Energy Share Discussion Threads

[mach100] 09/2/2015 10:58

Good news today. No movement in the share price even though an initial 1.02p was paid by buyers. This should give a boost to the share price if/when the contract is finally signed. We know know by the end of March although given the company's record I wouldn't be surprised to see some slippage. It is time to deliver!

[liquid millionaire] 09/2/2015 07:57

9 February 2015

Inspirit Energy Holdings plc

("Inspirit", "Inspirit Energy" or the "Company")

Inspirit signs LOI with major global contract manufacturer

Further to the announcement of 8 January 2015 highlighting that Inspirit was looking to expand its third party production capabilities with international manufacturing companies for the fulfillment of significant volumes of the Inspirit mCHP boilers over the next 5 years, Inspirit Energy (LSE AIM: INSP) is pleased to announce that it has now signed a Letter of Intent ("LOI") with a major multi national contract manufacturing services company that may lead to a significant manufacturing agreement being finalized during this quarter.

John Gunn, Inspirit Energy's CEO, commented;

"The terms of the LOI remain confidential at this stage, however should Inspirit and the global manufacturer enter into a binding manufacturing agreement, Inspirit envisages a significant boost to the business and its ability to manufacture and deliver a significant volume of the Company's mCHP's globally, whilst minimizing the requirement to fund equipment, tooling and working capital."

[gnnmartin] 06/2/2015 20:04

As the lawyers say, the masculine shall include the feminine, and the singular the plural. I too am curious as to why she went so suddenly.

PS. Only shareholders in their own name, or with a letter of authority, may attend an AGM as of right, but for some years now small companies have generally allowed non-shareholders who ask in advance to attend such meetings as visitors. I asked to attend the last INSP AGM as a visitor, and was told I couldn't. I thought it curiously old fashioned. This latest announcement increases my curiosity.

I like to meet the management of a company before investing, and attending the AGM is a good way of achieving that without causing the company any cost or inconvenience. The result of the refusal is I am still only watching the company.

[irenekent] 06/2/2015 18:40

Jubeenh is a lady.

[michaelx105] 06/2/2015 15:07

Anyone know why Jubeenh Nazhat left? RNS didn't mention he 'wanted to pursue other interests', and Inspirit didn't 'thank him for all this support and hard work...'

[mcbull] 08/1/2015 11:44

seem Germany is keen to promote this type of product as well as Scotland..........8 January 2015

Changes to Germany's Incentives for microCHPs

Ceramic Fuel Cells Limited (ASX/AIM: CFU) advises that the German Federal Ministry for the Environment has issued an updated framework for the funding of microCHP systems. The updated framework provides a higher base funding for smaller units and additional incentives for highly efficient systems, such as CFU's BlueGEN.

The German Minister for the Environment, Barbara Hendricks, said that microCHP systems' contributions to climate protection are substantial due to their high level of fuel efficiency and flexibility. Highly efficient systems, particularly those with high electrical efficiency, will receive additional funding of up to 85% of the base funding.

Under the revised framework, a BlueGEN unit in Germany could attract EUR3,792 in Federal funding, which is a significant increase from the previous Federal funding of EUR1,567. This Federal funding programme can also be combined with incentives from other Federal or State programmes and/or locally available incentives from councils or utilities. The maximum total funding has now been set at three times the Federal microCHP funding. A BlueGEN customer can therefore receive up to EUR11,376, subject to availability of additional incentives.

CFU welcomes the updated framework as the additional incentives for high electrical efficiency units indicate that products, such as CFU's BlueGEN, support the strategy of the German Ministry for the Environment. This funding programme provides an opportunity for CFU to sell its BlueGEN units into those German States that do not currently offer a specific funding programme.

[paul the octopus] 07/1/2015 18:04

this is related to CFU, but still within fuel cell technology providers like INSP

hxxp://www.socialinvestmentscotland.com/news-and-events/fuel-poverty-in-scotland-targeted-by-uks-first-funded-fuel-cell-programme/

ipower is the first customer to receive investment from scotland's £16m social growth fund

Low carbon developer and social enterprise, iPower, has launched the UK's first funded fuel cell programme to help combat fuel poverty in Scotland thanks to a £1m investment from the Social Growth Fund.

The deal to support iPower is the first investment to be made from the £16m Social Growth Fund which opened for applications in May 2014. Managed by leading lender to the third sector, Social Investment Scotland, the fund brings together £8m from the Scottish Government and £8m from Big Society Capital, the independent financial institution set up to develop and share a sustainable social investment market in the UK.

The investment will enable iPower to roll out micro Combined Heat and Power (mCHP) fuel cells, BlueGen, to a number of properties across Scotland. The mCHP fuel cell converts natural gas from the gas network to electricity and heat at the point of use, significantly reducing energy consumption and cutting fuel bills. Despite being only the size of a washing machine, it is capable of producing the same amount of energy as half a tennis court of solar PV panels.

iPower will be targeting a range of sites including schools, universities, social housing, council buildings and private care homes with a view to installing the technology for free. Site owners will only pay for the fuel they use and an annual service payment, without being liable for the upfront expenditure for purchasing and installing the machine.

The free BlueGEN model has already been piloted with Edinburgh Napier University where iPower can arrange for visitors to see it in action at the university's Merchiston Campus.

Since launch the fund, Social Investment Scotland has received more than 70 applications for investment worth more than £18m, highlighting the increasing appetite amongst Scotland's third sector for more sustainable forms of finance.

Jon Cape, Director of iPower, said: "iPower is delighted to be working with Social Investment Scotland, and the BlueGEN manufacturers Ceramic Fuel Cells Ltd to deliver this programme. Japan now has over 100,000 fuel cell mCHP units installed. We aim to play a leading role in bringing this scale of deployment to Scotland and the UK in coming years, making substantial cuts to energy bills and carbon emissions."
Around 70 sites will be supported in the first phase, funded by SIS, and iPower is looking to extend this to a further 350 sites in the coming year.

Alastair Davis, Chief Executive of Social Investment Scotland, said: "iPower's fuel cell installation programme has the potential to be a game changer for many public, private and third sector site owners for whom rising energy costs are proving a serious issue. Once scaled up, the scheme will also make a sizable impact on meeting Scotland's carbon reduction targets.

"It's fantastic to see investment finance from our new Social Growth Fund beginning to make a difference on the ground. We've seen high levels of interest in the fund since it launched earlier this year and look forward to announcing further investments in the coming months."

The development stage of the project has previously received funding support from the Scottish EDGE, a funding competition delivered by Scottish Enterprise in partnership with other public and private sector organisations. iPower also works closely with the Waste and Resources Action Programme (WRAP)'s Resource Efficient Business Models (REBus) scheme which is working with sites to help them develop their business models to achieve energy efficiency.

Most of the 70 sites in the Phase One programme are committed but there is still scope for new site owners to join the programme. Site owners looking to find out more about the technology and what it could do for their buildings should visit www.iPoweruk.com.

[nw99] 12/12/2014 08:18

Great Zak tips INSP for 1.6 on the chart

[gaz6666] 12/12/2014 02:53

Sounds like a bloody shipping forecast

[pj 1] 11/12/2014 09:12

lower highs and lower lows? :-//

[nw99] 11/12/2014 07:27

yes timing of entry looks good here now

[diablo1967] 11/12/2014 07:07

First of many such announcements perhaps the potential of first order following trial of 200 possible units ...not a bad way of doing business. And bargain entry point hmmm worth considering

[nw99] 11/12/2014 07:06

Update this morning is just the start

[diablo1967] 10/12/2014 07:25

Open eyes and ears here ....news will come thick and fast following this announcement . No worries financing going forward and strong commitment from the directors however they know a lot more than us and probably find it a low risk loan

[mug3] 10/12/2014 07:11

This is great news. No financing coming.

[gnnmartin] 05/12/2014 15:49

Not much cash left. And it looks like the costs of raising the last £1m were 23%, which seems steep. I like the what they are trying to do, and want them to succeed, but on a fairly cursory glance they look like needing to raise quite a bit more money and that will not be easy. Still, the results were obviously not as worrying as the market feared.
Nigel Martin

[the stigologist] 05/12/2014 15:15

maybe he is looking at his calculator wrong way up

he is from Australia

do you think he has any idea how British people use their boilers to heat homes here ? they probably don't have boilers in Australia ? more need for AC's ?

he might just be a cretin who will think there is always some greater fool who he can screw over to keep paying himself a salary with his tall stories

[the stigologist] 05/12/2014 14:49

do you need a calculator David ?

[michaelx105] 05/12/2014 14:48

RNS!Tells us what we already know, anyways...onward to trials and the big utility reveal.

[the stigologist] 05/12/2014 14:48

terrible results and it shows what shocking morons 'run' this Company when they make basic errors like this on their KEY PERFORMANCE INDICATORS

[michaelx105] 05/12/2014 09:36

Lots of sells...thanks hot stock rockets

[michaelx105] 01/12/2014 13:19

Less than 3 weeks until the big utility announcement....supposedly

[nw99] 25/11/2014 11:36

Some action this morning