Zenergy Power plc (LSE:ZEN), the superconductor energy technology company, announces that it has entered into a collaboration with United Kingdom-based Applied Superconductor Limited ('ASL') for the sale and marketing of inductive Fault Current Limiters ('FCL').
ASL became the Group's first FCL customer in January of this year, purchasing an 11kV unit for integration into a distribution grid operated by CE Electric UK. It is the ongoing success of this project that has led to the formation of this partnership and the formal expansion of Zenergy Power's market presence within the United Kingdom.
ASL has dominant market presence in the United Kingdom and a track record in network engineering, components development and systems integration. It is anticipated that this collaboration will accelerate the development of the UK FCL market for both parties.
Herbert Piereder, CEO, ASL, commented:
'It is with pleasure that ASL extends its working relationship with Zenergy Power in this way. Our long standing work with distribution network operators has given us a good understanding of the electrical fault handling requirements of UK grid operators and we are confident that Zenergy Power's inductive FCL product can play a significant role in addressing the growing challenge of maintaining and expanding the UK electrical grid system.'
About Zenergy Power plc
Zenergy Power is a superconductor energy technology company, quoted on the AIM market of the London Stock Exchange and comprising three operating subsidiaries located in Germany, USA and Australia. The Group's commercial focus is the innovation and manufacture of clean energy superconductor solutions.
About Fault Current Limiters
Fault tolerance is an increasingly challenging issue in power grid operation. Fault Current Limiters act as high-voltage surge protectors for power grids, increasing system reliability and efficiency and enabling cost-efficient grid expansion including the integration of distributed generation sources. Zenergy Power's inductive FCL provides grid operators with a new solution that is entirely passive, self-triggering and readily scalable in both voltage and current. In March 2009, Zenergy Power's FCL was integrated into Southern California Edison's 'Avanti Circuit of the Future' located near Los Angeles, California. It is the first and only superconductor FCL operating in the United States electricity grid.
Contacts:
Zenergy Power plc
Andrew Tan
+ 49 2226 9060 668
or
Zenergy
Power Inc.
Dr. Larry Masur
+1 781 738 8501
or
Zenergy
Power GmbH
Dr. Juergen Kellers
+49 2226 9060 602