Inspirit Energy Holdings Plc provide the following operational update on the Inspirit Charger that has been designed for Waste Heat Recovery (WHR) for use in both Marine and Automotive applications. It is anticipated that the unit could produce up to a 30% performance enhancement on certain commercial engines, consequently reducing CO2 emissions. Stage two build and testing should be complete by the end of April 2023 and to date, a number of tests have been conducted under varying scenarios, each for a duration of approximately one hour, with consistent performance with peak output reaching 97kw.

Stage three build and testing should be complete by the end of May 2023, where the unit is targeted to achieve its intended peak performance of 131kW. While company have experienced minor delays, the result of extended delivery times from suppliers of key components, the Inspirit WHR unit has met all expectations around reliability and performance. Discussions are currently ongoing with both a major automotive group and with an alternative combustion manufacturer to potentially partner on exciting future developments relating to the Charger.

In addition, the Inspirit team is also exploring opportunities to collaborate with other automotive groups, where the potential exists to achieve the same significant performance enhancements that company have achieved to date with automotive combustions engines.