Fuel cell CHP investment

Scottish and Southern Energy plc (SSE) and Scottish Enterprise's Scottish Co-investment Fund (SCF) have announced an investment of £750,000 (US$1.5 million) in fuel cell CHP company Logan Energy Ltd.

The newly established subsidiary of Logan Energy Inc. is currently at various stages of discussion on over 20 potential Fuel Cell Combined Heat and Power (CHP) installations and recently won the contract to supply a 200 kW fuel cell into a Transport for London office in London. SSE has also awarded Logan Energy Limited the contract to install a 200 kW Fuel Cell CHP facility at its new operation centre in Havant.

In their first equity investment deal together SSE and SCF have provided £375,000 ($750,000) each in return for a 15% stake each. The agreement takes SSE's stakeholding to 21%.

The funding will be used by Logan Energy Limited to develop its UK and European market.

David Gardner, Head of Ventures at SSE, says, 'Logan Energy has a strong track record in installing and maintaining fuel cell CHP plants that it is now bringing to the UK. This deal provides SSE with an experienced partner in the fuel cell installation market and is an important part of our strategy to develop a portfolio of clean energy businesses.'

Recommend Recommend () Recommended Recommended ()
Follow COSPP on Twitter

Latest Wire News

Solar Wind Energy Tower, Inc. Subsidiary Arizona Green Power, LLC Applies to California Energy Commission for RPS Precertification Eligibility

20/10/2014 Solar Wind Energy Tower, Inc. Subsidiary Arizona Green Power, LLC Applies to California Energy Commission for RPS Precerti...

XZERES Reports Fiscal Second Quarter of 2015 Results

16/10/2014 XZERES Reports Fiscal Second Quarter of 2015 Results

Ideal Power Introduces 125kW Power Converter Family

16/10/2014 Ideal Power Introduces 125kW Power Converter Family

Solar Wind Energy Tower, Inc. Solar Wind Downdraft Tower Project Briefing Conference Call Scheduled For October 29, 2014

15/10/2014 Solar Wind Energy Tower, Inc. Solar Wind Downdraft Tower Project Briefing Conference Call Scheduled For October 29, 2014

Vega Biofuels Breaks Ground on Pilot Torrefaction Plant

14/10/2014 Vega Biofuels Breaks Ground on Pilot Torrefaction Plant

Article Archives for Cogeneration & On-Site Power Production Magazine

Whitepapers

COMPACT I/O SOLUTIONS

29/06/2012 L-3 MAPPS has been using compact input/output (I/O) solutions on recent full scope simulators and simulator I/O system replacements. This paper looks at Orchid IO and describes the wide variety of ...

fukushima daiichi Npp accident. Are there consequences for NPP simulators?

29/06/2012 A devastating earthquake and tsunami resulted in severe damage at the Fukushima Daiichi nuclear plant in Fukushima Prefecture, Japan just over a year ago. There has been extensive media coverage on...

3D VISUALIZATION AND SIMULATION TO ENHANCE NUCLEAR LEARNING

29/06/2012 The nuclear power industry is facing a very real challenge that affects its day-to-day activities: a rapidly aging workforce. For New Nuclear Build (NNB) countries, the challenge is even greater, h...

Featured Energy Jobs

View more Job Listings >>