12 March 2024
RNS
Reach
Libertine Holdings
PLC
("Libertine" the "Company" or
the "Group")
Libertine announce Strategic
Partnership Agreement with BASEBATT
Libertine Holdings PLC (LSE AIM:
LIB), a developer of linear generator technology, has entered into
a Strategic Partnership Agreement with BASEBATT Ltd ("BASEBATT"), a
developer of battery storage solutions, to create
factory-configurable, fuel-flexible containerised hybrid renewable
power systems.
The purpose of the Strategic
Partnership Agreement is to secure partner commitments to form one
or more demonstration programmes in response to a trio of new
enquiries from a leading US containerised power generator company,
a waste-to-energy technology company and a global data centre
energy services company.
The nature of the Strategic
Partnership Agreement is largely non-binding and any revenue
generating activities would be subject to further agreement in the
form of a binding Joint Development Agreement or Contractual
Framework Agreement and Statements of Work.
Under the terms of the Strategic
Partnership Agreement, Libertine and BASEBATT intend to collaborate
on business development, technical development and pilot programme
formation activities to create prototype demonstration units for
intensive energy users such as data centres, warehousing and
logistics, and manufacturing operations in the UK and
globally.
The containerised power system will
incorporate linear generators, which combine the efficiency of
fuels cells with the durability and power density of conventional
generators to produce clean, dispatchable1 power from
renewable fuels. Libertine's intelliGEN platform is the foundation
for a battery-like Linear Generator product architecture that
combines individual Linear Power System 'cells' into modules and
packs.
BASEBATT is a developer and supplier
of modular battery energy storage systems for stationary power
applications. BASEBATT's technology provides a configurable,
robust, future-proof platform for energy storage, management and
deployment into a wide range of sectors.
The rapidly growing global demand
for data centres and other energy intensive site operations is
constrained by grid infrastructure and often relies on conventional
internal combustion engine generators using fossil fuels for
dispatchable power generation. Containerised hybrid power systems
combining linear generator and battery technology would provide a
more efficient, more effective, fossil free solution.
Sam
Cockerill, Chief Executive of Libertine,
said: "Grid infrastructure in
both developed and developing markets is insufficient to support
the growing demand for energy services, especially as the use of
intermittent renewables increases. Libertine's linear generator
technology complements BASEBATT's battery storage technology to
provide a solution.
"Containerised hybrid power systems
will help balance power supply and demand within
micro-grids2 and behind-the-meter3 solutions
by storing intermittent renewable power when there is a surplus and
providing dispatchable clean power from renewable fuels when the
battery storage is depleted.
Richie Frost, Chief Executive of BASEBATT, said:
"We are delighted to be working with Libertine to
develop this new hybrid power system product architecture,
addressing significant current challenges with grid infrastructure.
The hybrid power system we intend to develop would provide a
modular solution that can be factory-configured for individual
business requirements, ensuring that both battery and generator
capacity provided is optimally sized in a single container, and
reducing the total system CAPEX and on-site installation
costs.
"The combination of clean power
generation from Libertine's linear generator technology with
battery storage of intermittent on-site renewable power will
support continued growth of energy use in data centres and other
energy intensive industries whilst delivering an economic path to
net zero."
Editors Notes
1 "Dispatchable" means flexible
power generation that can immediately respond to changes in grid or
site demand.
2 "Micro-grids" are small-scale
power grids that can operate independently or in conjunction with
the main power grid. They consist of localized sources of energy,
such as linear generators, along with energy storage devices and
control systems to manage supply and demand within a specific
area.
3 "Behind-the-meter" refers to
energy systems or devices that are located on the customer's side
of the utility meter. This includes power generation sources and
energy storage systems used to meet the customer's energy needs
without interacting directly with the utility grid.
For
more information, please visit www.libertine.co.uk
or
contact:
|
Libertine Holdings PLC
|
via
Tavistock
|
|
Sam Cockerill, Chief Executive
Officer
|
|
|
Gareth Hague, Chief Financial
Officer
|
|
|
Tavistock (Public Relations and Investor
Relations)
|
+44 207
920 3150
|
|
Rebecca Hislaire
|
libertine@tavistock.co.uk
|
|
Saskia Sizen
|
|
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About Libertine
Founded in 2009, Libertine provides
technology platform solutions for Original Equipment Manufacturers
("OEMs"), enabling efficient and clean power generation from
renewable fuels, and more effective energy storage devices and gas
compressor systems. Libertine was admitted to trading on the AIM
market of the London Stock Exchange in December
2021.
Libertine has created two technology
platforms, each using the same core technology elements, which the
Company provides to its OEM customers for their development of
Linear Generator and Linear Motor products:
- The intelliGEN™ platform enables the creation of clean, highly
efficient and fuel-flexible Linear Generator products
including:
• Heavy-duty hybrid powertrains of trucks, buses, tractors,
construction and mining equipment;
• Medium
and light-duty hybrid powertrains of commercial vehicles operating
over longer distances;
• A
proportion of the passenger automotive market where vehicle use and
recharging constraints are a barrier to battery electrification;
and
• A wide
range of off-grid, portable power and distributed power generation
applications.
- The HEXAGEN™ platform enables more effective energy storage,
thermal power generation, waste heat recovery and gas compression
products including:
• Stirling Engine power generators and thermal energy storage
systems;
• Linear
motor reciprocating compressor (LMRC) systems for hydrogen
refuelling stations; and
• Organic Rankine Cycle waste heat recovery systems.
These two platforms are a result of
over a decade of development and performance validation of
Libertine's proprietary core technology elements including its
linear electrical machines, controls and developer
tools.
The potential market for Linear
Generator products goes well beyond the distributed power
generation applications where Linear Generators are already in
commercial use today, complementing intermittent renewable power
with clean, on-demand power generation. Linear Generators also have
the potential to complement battery electrification in hybrid
powertrains, providing on-board power generation to address the
practical and economic barriers to rapid adoption of clean electric
propulsion using battery electric powertrain technology
alone.
Working with OEMs from an early stage in the development cycle
ensures Libertine's technology is effectively integrated into OEM
products, maximising the performance and economic benefits provided
by Libertine's platform technology. Libertine has developed a
portfolio of over 30 granted patents in addition to a significant
body of technical know-how generated since the Company's formation.
The Company's senior management team and board includes executives
with decades of deep technical experience in the automotive and
energy industries.
About BASEBATT
BASEBATT Ltd is a new company that has been formed to create
containerized energy storage systems, providing innovative
solutions for storing and distributing energy, drawing on the
technology and engineering resources of the GATTECHA group of
companies. BASEBATT integrates advanced battery storage systems
with modular design, allowing unprecedented flexibility in capacity
and configuration to meet various energy needs, as well as easy
deployment and integration into existing infrastructure, making it
ideal for both on-grid and off-grid applications.
BASEBATT aims to provide customized,
full turn-key electrification and energy storage solutions to
businesses that are looking to transform their existing operations
to optimize utilization, improve efficiency, and achieve long-term
cost savings. BASEBATT works closely with customers to
understand their challenges and goals, conduct thorough analysis of
energy usage and management processes, and provides comprehensive
solutions that include electrification of fleets, charging
infrastructure deployment, energy storage systems & management
tools.
With innovation, flexibility, and
reliability in mind, BASEBATT's cell-agnostic products and
solutions are designed to be future-proof and to integrate
seamlessly with different battery cell technologies, allowing our
customers to take advantage of emerging technologies and improve
performance without significant retrofitting costs. Our energy
storage systems can also be used in conjunction with generators or
fuel cells to further enhance efficiency, reliability, and
sustainability in various applications with the following
benefits:
· Peak-shaving and load-balancing: during periods of high
electricity demand, the energy storage systems can discharge stored
energy to supplement the power output from the generator or fuel
cell, reducing the load on the generator and optimizing fuel
efficiency.
· Reduced emissions: integrating energy storage systems with
generators or fuel cells allows for the optimization of energy
usage and power generation, thereby reducing fuel consumption and
emissions.
· Transient response improvement: energy storage systems provide
fast response times and high-power capabilities, making them ideal
for improving the transient response of generators and fuel cells,
as well as enhanced stability and system reliability.
· Backup
power and resilience: energy storage systems provide backup power
during startup / shutdown sequences, or in the event of generator
or fuel cells failure. By seamlessly transitioning to stored energy
during transient periods or emergencies, our energy storage systems
enhance resilience, ensuring uninterrupted power supply and
minimizing downtime.
· Renewable energy integration: our energy storage systems can
be paired with renewable energy sources such as solar and wind,
along with generators or fuel cells, to create hybrid power
systems. These systems combine the intermittent generation of
renewable energy with the reliability of generators or fuel cells,
and the flexibility of energy storage, enabling round-the-clock
power supply with minimal reliance on fossil fuel.