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New
Release -- Superconductor Week does not edit or endorse the following
news release:
SC
Power Systems enters into U.S Department of Energy Funded Project
San
Mateo, CA,
October 2:
Zenergy Power Plc, the
specialist manufacturer and developer of commercial applications for
superconductive materials, is pleased to announce that its U.S. subsidiary,
SC Power Systems
Inc, has entered into a Cooperative Research and Development Agreement with
Sandia National Laboratories (‘SNL’) which is to be jointly funded by the U.S.
Department of Energy through SNL.
The $800,000
research project will focus on accelerating the development of advanced
mass-production techniques for 2nd generation superconductive
materials.
As outlined at
the time of the Group’s admission to trading, it is the intention of Zenergy to
both generate commercial revenues from industrial applications based upon 1st
generation superconductor materials, whilst also continuing its leading research
into the mass production of 2nd generation materials. 2nd
generation material is intended as a functional replacement of the currently
commercial 1st generation material with the eventual aim of
undercutting the cost of copper. The wide availability of low-cost
superconductive materials has significant implications for the production, use
and distribution of electrical energy and it is the belief of the Board that the
support from the U.S Department of Energy is demonstrative of the social,
economic and environmental significance of the Group’s research work.
The Group’s
superconductive materials are capable of conducting electricity without any
resistance and can deliver over 100 times the power density of alternative
copper based solutions. Zenergy has been developing its own proprietary 2nd
generation lower-cost production techniques since 2003, and believes that are
advantageous over alternative methods currently being developed by other
industry participants. It is in this specific area of research that the U.S
Department of Energy has lent its support.
Zenergy
considers that the successful development of these processes will place it at
the forefront of delivering cost effective materials that will play a key role
in the commercialisation and deployment of superconductor applications.
Michael
Fitzgerald, Chairman, commented:
‘It is now
widely accepted that there is an increasingly urgent and immediate need for
economically sustainable energy supplies and processes. As a consequence, we
will continue to see a proliferation of new technologies seeking to develop
renewable energy sources, reduce energy waste and improve energy efficiency. The
success of any of these efforts will be will significantly if not wholly
dependent on their economic sustainability.
Zenergy's
research into the low-cost production of superconductor materials has the
potential of delivering an economically compelling and competitive replacement
for copper. These materials offer the ability to increase the efficiency of
energy distribution and usage, as well as dramatically improve the economics of
renewable energy production. We believe that we are well positioned to play a
central role across all these strategies.
It is with
great pleasure that we receive the support of the U.S Department of Energy and I
look forward to reporting on the progress that is achieved in our collaborative
work with Sandia National Laboratories.'
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