Sale of Acta Power System in Singapore 27 November 2013

RNS Number : 0063U

Acta S.p.A.

27 November 2013

 
 Press release   27 November 2013 
 

Acta S.p.A.

("Acta" or "the Company")

Sale of Acta Power System in Singapore

Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to announce that it has sold an Acta Power renewable energy storage system, plus installation and training services, to the Maritime and Port Authority of Singapore for installation at the famous Raffles Lighthouse on the island of Pulau Satuma, built in 1854 and one of the oldest operational lighthouses in the world.

The Acta Power system will be used to store renewable energy from solar and wind turbine and will provide power for the four lighthouse staff permanently located on the island. The installation is intended to help the Government to promote the environmental profile of the island, while also allowing evaluation of renewable energy storage solutions for wider off-grid applications.

The system, using renewable power and filtered rainwater, will generate 1 m3 / h of hydrogen at 30 Bar pressure, and will produce 4kW / h of electricity via its fully integrated fuel cell module. Including ancillary systems, installation, training and support, the sale represents the largest single product sale received by the Company to date. Shipment of the system is expected by the end of 2013 with installation to be completed during the first quarter of 2014.

Raffles Lighthouse is open daily for guided tours and is used by Government officials as a retreat. The Company therefore believes that the installation will receive a high level of visibility among Singaporean government officials and other visitors.

Paolo Bert, Chief Executive of Acta, commented:

"In tandem with the progress we are making in the telecom back-up power sector, we are pleased to receive this first order for the installation of an Acta Power for a renewable energy storage application for powering off-grid communities. We are receiving significant levels of interest for this type of application and we hope that this evaluation will open the door to large scale installations in developing countries."

-ENDS-