Dear All
Please find below the company updates for this week:
Storelectric:
Please find a direct update to investors in Storelectric Ltd from Mark Howitt, Storelectric CIO.
Storelectric is involved in utility scale energy storage through CAES (Compressed Air Energy Systems), TES CAES and Hydrogen Energy Storage. Storelectric won the NAM Challenge and has a Hydrogen Patent believed to cover around 50% of Green Hydrogen Production in the UK, which was requested in 2015 and granted in 2021.
“Dear Storelectric Investor
Thank you for your questions. The business is doing well, and the share price is now £3.12, about to increase again; there has been significant investment at that price.
While we can offer no certainties or timescales (as it would be a venture investment with all attendant risks), we believe that we’re on the cusp of a breakthrough. Some of the cavern owners, who have hitherto played hard to get, are increasingly open.
We’re in discussions with 8 location owners. Once we secure such a location, we already have a letter of intent for the funding – assuming that our business case will still stack up, about which we’re quite confident.
Then we’ll have the best technologies available in a multi-$trillion global market and we anticipate fast and continuing growth.
Kind regards,
Mark”
For further information on Storelectric, please reply to this email or email: investor-relations350@storelectric.com
Organic Heat Exchangers:
We are glad to share that Organic Heat Exchangers has been granted the US Patent. Their commercial Demonstrators are in production with initial sales of EnergiVault now immenent. An advisory board is being put in place. The next round of funding is scheduled for Q1 2023.
Pyrolysise:
There has been a noticable progress with Pyrolysise. The contracts have been signed with an engineering company to manufacture Waste Carbonisation Plants. The SEIS on Pyrolyise is running low. For further information please email: nickd@pyrolysise.com or click below:
Yours Sincerely,
Nicholas Dimmock (BA MBA CASS)
Managing Director
350 PPM Ltd