EXCLUSIVE – By Scottish Energy News Correspondent
A Scottish engineering firm specialising in the design and manufacture of heat recovery systems has this month secured more than £1 million worth of orders as industries across Europe seek innovative ways to cut costs and improve efficiency.
East Kilbride-based Heliex Power provides patented steam expander systems that generate electricity from waste heat and steam usually found in industrial settings such as factories and distilleries.
More than 40,000 GWh of energy is lost globally through wasted steam and it is estimated that up to 50% of industrial energy usage is eventually released as waste heat. Heliex Power has the only system capable of recapturing this lost energy in an economically viable way – the payback period for customers is often less than three years.
By enabling its clients to generate their own electricity and reduce reliance on power from non – renewable sources, the company believes that its systems can help Scotland achieve its ambitious 2020 carbon reduction targets.
Dan Wright, Chief Executive, Heliex Power, said “Scotland is currently working towards achieving a 42% reduction in carbon emissions by 2020.
“At the moment there’s a great deal of focus on renewable energy technologies such as wind turbines and tidal power but what we are offering is a simple and robust technology, developed right here in Scotland, that is capable of improving efficiency across the country’s biggest energy users.”
Since it began commercialisation in late 2013, Heliex Power has installed systems across Europe in a diverse range of industries such as chemical, steel, distilling and agricultural waste. The recent intake of orders have come in from manufacturing and agricultural clients.
The company also this month launched into the French energy market after shipping two systems there, with the first destined for installation at a project near Paris.
Based on a steam screw expander, the Heliex System is a novel rotary device that recovers energy from different heat sources, such as steam or exhaust gasses and converts it to electricity, which can be used on site or sold back to the grid.
The company’s first overseas customer – Italy’s largest steel plant – installed a Heliex system 18 months ago and is now generating 110kW of electricity and reaping the rewards of a reduced carbon footprint and lower energy bills.
Wright added: “This is an exciting time for the Heliex as we establish ourselves as the world leader in our field. Our patented technology can help harness waste heat and exploit it, so the potential of what we are offering is huge.
“At the same time we’re proud to be helping stimulate innovation, boosting productivity and creating local jobs, while flying the flag for Scottish manufacturing and engineering excellence across the globe.”
A spin-out from City University, London, Heliex Power has been financed by BP Ventures and Greencoat Capital. The company headquarters are in East Kilbride and it currently employs 26 people based across the UK and in Italy.