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Westminster Launch for New Micro CHP Unit

Energetix Group plc has announced that its subsidiary Energetix Genlec Limited has formally launched the Genlec micro-CHP (micro combined heat and power) product at a reception in Westminster with Mike O’Brien MP, Minister of State at the new Department for Energy and Climate Change, on the evening of 10 November 2008.

The launch was attended by over 100 sustainable energy stakeholders, including manufacturers, investors, civil servants, utilities and parliamentarians. Energetix showcased a number of Genlec-enabled boilers, having previously announced arrangements with Daalderop BV, Stiebel Eltron GmbH, E.ON UK, and two other boiler manufacturers.

The Genlec micro-CHP module can be integrated into domestic wall-mounted boilers, and is capable of meeting all of the heating and hot-water needs of the home while generating electricity, enabling significant reductions in both energy bills and carbon emissions. Given the backdrop of increasing fuel costs, and where a Genlec unit replaces an older, less efficient boiler, the savings could be much higher and the payback period shorter than the currently estimated average annual saving of £150 per year, which provides a payback of 3–5 years.

Energetix Genlec has already signed a series of partnerships with companies which between them have access to all the major European boiler markets, including five of the six largest in the world, namely the UK, France, Germany, Italy and the Netherlands. These agreements underpin Genlec’s strategy of forming strategic alliances with boiler manufacturers to integrate the Genlec unit into boilers, initially for the European market.

Speaking at the event, Mike O’Brien MP, Minister of State at the Department for Energy and Climate Change, said: “Microgeneration technologies that generate both heat and electricity can reduce household energy bills and play an important part in the fight against climate change. The UK needs to dramatically reduce damaging carbon emissions by 2050. Under new laws, people who fit low-carbon products such as the Genlec micro-CHP unit will soon be able to claim money for the electricity they produce.”

On the successful launch of Genlec, Adrian Hutchings, CEO of Energetix Group, commented: "We are very proud of the achievements of Energetix Genlec, and the formal launch of the Genlec micro-CHP unit is the culmination of significant innovation from the Genlec team. The arrangements which we have with a number of European boiler manufacturers underpin the strength of the product. We’re delighted that the Minister has supported the launch of our micro-CHP unit, an innovation that we believe can have a significant impact in helping consumers to lower their energy bills and contribute to the fight against climate change.”

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