{"id":31558,"date":"2023-05-23T00:25:16","date_gmt":"2023-05-23T00:25:16","guid":{"rendered":"https:\/\/350ppm.co.uk\/?p=31558"},"modified":"2023-05-23T00:25:16","modified_gmt":"2023-05-23T00:25:16","slug":"o-hx-product-launch-mm-raising-50m-eng8-vc-10m-raise-at-100m-valuation","status":"publish","type":"post","link":"https:\/\/350ppm.co.uk\/blog\/o-hx-product-launch-mm-raising-50m-eng8-vc-10m-raise-at-100m-valuation\/","title":{"rendered":"O-Hx Product Launch, MM Raising \u00a350M, ENG8 VC \u00a310M Raise at \u00a3100M Valuation"},"content":{"rendered":"\n

Please see below update on some of the 350 PPM Incubated Opps we are working with:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Generally, for product launches, if you offer free alcohol, canapes, somewhere salubrious in London on a Thursday night, people will flock to the opening of a fridge. Organic Heat Exchangers reversed this and launched EnergiVault (Cool Net Zero), on a Monday, in Alwick (100 miles from Edinburgh), with no alcohol, during the day, and amazingly, achieved a full house including many members of the press who had travelled 200 miles.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

EnergiVault is a hybrid cooling and energy storage device. Cooling represents circa 20% of global energy consumption and circa 10% of global emissions. It now has to be accepted that EnergiVault is a gamechanger. Its also patented around the world.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

MM will move into profitability this year in its first year of trading.<\/p>\n\n\n\n

Along with our partners, Megawatt Mosaic has analysed 744 Italian substations. As of 1 April 2023, we have 1.37GWn in grid capacity request, of which 882MWn is grid authorised.<\/p>\n\n\n\n

MM is now diversifying into other markets, to bring BESS (Battery Energy Storage Systems) to other grid networks with mosaics of power generation planned, and coming online, especially wind.<\/p>\n\n\n\n

MM is fully funded, but we are now raising 50M from institutional investors into SPV\u2019s to increase the scale and scope of development. We anticipate funding MM again in Q1 2024 at a valuation of 50M plus.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

ENG8 (who has developed a Low Energy Catalysed Fusion device, called the EnergiCell), is still open to pre-seed investment.<\/p>\n\n\n\n

The EnergiCell has been in development since 2011 and has demonstrated a COP (Coefficent of Performance of 1.9) validated by Instito Electrotechnico Portugues  https:\/\/www.iep.pt\/<\/a>.<\/p>\n\n\n\n

On Monday, we will be launching a VC raise of 10M at a valuation of 100M, while investors can still access the pre-seed raise at circa 20M.<\/p>\n\n\n\n

For further information and to receive an IM please contact ENG8 direct: www.eng8.energy<\/a><\/p>\n\n\n\n

\n
ENG8 – Independent Validation Repor<\/strong>t<\/a><\/div>\n<\/div>\n\n\n\n

Kind Regards<\/p>\n\n\n\n

Nicholas Dimmock (BA MBA CASS)
Managing Director
350 PPM Ltd<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Please see below update on some of the 350 PPM Incubated Opps we are working with: Generally, for product launches, if you offer free alcohol, canapes, somewhere salubrious in London on a Thursday night, people will flock to the opening of a fridge. Organic Heat Exchangers reversed this and launched EnergiVault (Cool Net Zero), on […]<\/p>\n","protected":false},"author":1,"featured_media":28519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,70],"tags":[55,56,228,193,60],"class_list":["post-31558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-updates","tag-350-ppm-ltd","tag-eng8","tag-megawatt-mosaic","tag-organic-heat-exchangers","tag-renewable-money-blog"],"yoast_head":"\nO-Hx Product Launch, MM Raising \u00a350M, ENG8 VC \u00a310M Raise at \u00a3100M Valuation<\/title>\n<meta name=\"description\" content=\"O-Hx was the first company that we funded under 350 PPM\u2019s new Marine Corp initiative. 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