Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

08 Aug 2008 05:08:20

Cambridge firm eyes 1GW power plant

Cambridge firm eyes 1GW power plant
Solar combined heat and power technology could be used to develop a one gigawatt powerplant.

Cambridge firm HelioDynamics has been bought by renewable energy firm EnergyMixx, which has 550MW in renewable energy concessions.

The new parent company's industrialisation plan will help boost HelioDynamics, making its technology competitive price-wise, according to Low Carbon Accelerator which had an early stake in the firm.

EnergyMixx's large concessions offer HelioDynamics a great opportunity, which presents its own challenges.

Chief executive and co founder Graham Ford told Business Weekly: "To meet all the concessions we may need to raise in excess of €1 billion (£783 billion), which we could do through equity and debt. There is no shortage of money, you just need the right quality deals backed by quality management.

"There is a technology roadmap for it and we are looking for industrial partners. The idea is to have a gigawatt power plant producing energy from the sun."

He also noted that the company's technology could help Middle Eastern organisations and homes by meeting the needs of their air conditioning systems, which use up to 80 per cent of their energy.

Another solar firm, Promethean Power Systems is also looking to offer refrigeration in hot countries, though in this case it is for milk and medicines in rural India.

The MIT-spinoff plans to build a solar-powered refrigerator with no moving parts.

Discussion Thread  


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community

Related Items From Everyone

  1. The global solar tracker market is expected to reach USD 2.14 billion by 2020, according to a new...

    10 Feb 2015
  2. A golf club has increased its green credentials having installed a Windhager biomass boiler to...

  3. The Low Carbon Innovation Centre was established by the University of East...

  4. Parkinson Holt Ltd Organisations

    Parkinson Holt Ltd are building energy consultants.If you’re a building owner...

  5. The EDC are the UK's leading specialists in remote solar & wind power...

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.