29 Aug '14, 8am

‘Mini power station’ vision pulls in £800,000 for IE-CHP: New technology aims to slash energy bills for millio...

SSE, Intelligent Energy and the Scottish Investment Bank, the investment arm of Scottish Enterprise, have backed Scottish start-up IE-CHP which aims to change the way domestic energy is made and used. The Bellshill firm has raised £800,000 in new funding to further develop its prototype smart power units, or ‘mini power stations’, which use mains gas to generate electricity and hot water in people’s homes.1 According to a newly released industry report by energy analysts Ecuity, millions of these mini power stations could transform the UK power market. Ecuity estimates smart power units are suitable for 90 per cent of UK households and small businesses, totalling around 22 million properties. “IE-CHP’s smart power technology is different, in that it works with existing boilers,” says Mark Bugler, IE-CHP technical director. “This makes it much easier to install in people’s ...

Full article: http://www.renewableenergyfocus.com/view/39823/mini-power...

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