Project News...
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January 2010
The Carbon Trust has released its Innovations Case Study on the Anaconda.
Full Study is available here
December 21st 2009
The Carbon Trust has been promoting promising technology in various renewable energy sectors, we are delighted that the Checkmate Seaenergy Anaconda device has been selected, as a result, the edition of 21st November of The Week carried a full page advisory covering our Anaconda Wave Energy Converter. This has been followed by a further full page in The Economist, in the last edition of 2009 published on 21st December. The Carbon Trust assessed the Anaconda technology in the early days and as a result has been a leading supporter of our R&D programme. These publications serve to highlight the serious ability of Anaconda to deliver energy converted from the waves around our shores.
www.theweek.co.uk
www.economist.com
November 30th 2009
"Today, Monday 30th November Paul Auston and Des Crampton met with Lord Hunt of Kings Heath OBE, Minister of State in the Department of Energy and Climate Changein Whitehall to brief the minister on the rapid progress of the Anaconda wave energy converter number of issues were covered in an extensive and wide ranging discussion including financing, investor awareness,employment opportunities, feed in tariffs and ROCs. The Minister was helpful and enthusiastic and offered important guidance that will be of assistance as the project moves forward on the road to commercialisation."
November 17th 2009
"The Economist invited Checkmate Seaenergy to showcase the Anaconda project in Washington DC in November, the only wave energy converter to be so honoured, attending the Carbon Summit at the Ronald Regan building was Carol Browner, President Obama's Director of Energy and Climate Change at The White House.
Paul Auston who attended and presented Anaconda said " The USA offers a major potential market for the Anaconda device, if only 10% of the available Oregon coast was used by Anaconda it would result in clean energy for over 4million US homes, the audience expressed serious interest and the questions asked were thoughtful and incisive, we are grateful to The Economists technical team for this unique opportunity"
Newsletter October 2009
This is the first in a series of occasional newsletters designed to keep interested parties up to date with progress in the development of the Anaconda wave energy converter.
The Story So Far
Checkmate Seaenergy Ltd holds the exclusive licence to commercialise the patented Anaconda wave energy converter. The company was established during 2007 and currently has a number of engineers working full-time on the development programme . This small team is based at the site of sister company Checkmate Flexible Engineering in Melksham, Wiltshire. The Anaconda website is to be found at www.checkmateuk.com/seaenergy and among other things lists some of the people involved in the project.
So far the development programme has concentrated on proof-of-concept testing of 1:25 scale models of Anaconda in the wave tank facilities at QinetiQ’s Haslar Marine Technology Park at Gosport in Hampshire. Three two-week sets of tests have shown conclusively that the Anaconda technology can harness wave energy. To date, two different 1:25 scale power take-off devices have been built and tested. In the first type, the bulges from the rubber tube created two columns of water of different heights. When water flowed from one column to the other, the hydraulic power could be measured. This large device was fixed to the overhead carriage of the wave tank and although it measured the hydraulic power very accurately, it did not represent the free floating device that would ultimately be required. A new design of a free floating power take off was then developed in March 2009.[. In this second type of power take-off device, the power is measured by establishing a flow between two rubber accumulators. This allows the power take-off to float freely together with the rubber bulge tube as it would in normal operating conditions.
In parallel with the tank testing at Haslar, the Anaconda team, with support from the Carbon Trust, has been researching and developing the rubber-based technology at the heart of this novel device and significant progress has been made. The team has established a small experimental water tank at Melksham allowing various scaled-down prototype Anaconda components to be evaluated and tested.
Project Plan
The cost of Checkmate Seaenergy’s development work continues to be borne ultimately, by its founding shareholder The company intends to launch a fund raising round with financial institutions and independent investors in early 2010. This will allow a full engineering development programme to begin leading to the commercialisation of the device.
In early 2008 Checkmate Seaenergy was pleased to see Anaconda selected from among several competing wave energy devices to receive financial support from the Carbon Trust’s Marine Energy Accelerator programme. This support has mainly taken the form of consultancy services and has run alongside the technical programme described above. It has also allowed the project to benefit from Carbon Trust’s Incubator scheme which helps start-up companies develop to a state of investment readiness. In our case this has led to the preparation of a detailed and fully costed technology development programme together with a full business plan.
We are particularly pleased with the support from the Carbon Trust. They are a powerful voice in the renewable energy sector, and with the benefit of their support and experience we have been able to push the project forward. You can find out more about their activities at www.carbontrust.co.uk .
Independent Review
Checkmate Seaenergy has chosen to invite a fully independent review of its technology in preparation for the approach to prospective investors. The team feel such a report will give interested investors a realistic and independent assessment of Anaconda’s commercial prospects and will therefore aid the fundraising process. Carbon Trust is supporting this approach and has assisted in the appointment of the leading firm of international consulting engineers Black & Veatch to conduct the study.
Black & Veatch have recently completed a review of Checkmate Seaenergy’s test reports and have suggested that one further short round of tests be conducted. These tests will no longer be concerned with proof of concept as this is now considered “proven” but will focus on the power performance of Anaconda leading to a more accurate prediction of the power output of the full scale device. The testing is scheduled for one week during mid October and will enable Black and Veatch to provide a detailed estimate of Anaconda’s cost of energy which will form the basis of our business plan and investment case.
Risk Warning
This communication is issued in the UK by Checkmate Seaenergy Ltd (“the Company”). This communication is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any shares in Company. No such offer or solicitation will be made except pursuant to a prospectus or information memorandum or other offering document if and when issued by the Company.
Anaconda Demonstration
Checkmate Seaenergy will be demonstrating Anaconda and giving media and the investment community the opportunity meet the team behind the project. There will be also be an opportunity to discuss investment potential and register interest in this impressive and exciting new development. The demonstration will take place on Tuesday May 5th at the QinetiQ Haslar Marine Technology Park in Gosport – the old Royal Navy Ship Tank. A 1:25 scale unit will be working in the facility. There will be a presentation on Anaconda at 13.00.
For further information please e mail Clare Scherer
HRH The Duke of York Previews Anaconda...
HRH The Duke of York was given a preview on 21st April, of the Anaconda Wave Energy Converter ahead of its official launch on May 5th in Portsmouth. He was deeply interested in the presentations made by the team led by Chief Executive Des Crampton about the technology behind this innovative new concept and asked a number of questions about the components. He was very keen to be kept informed about the development of Anaconda. Paul Auston, Chairman of Checkmate, said: ‘I think the visit went really well and it was a great event. Prince Andrew seemed to be really interested in what we are doing and in the potential of Anaconda to generate renewable energy from sea waves not just in the UK but around the World.’ The positive effect upon future job creation within Britain and the wider export opportunities were not lost on His Royal Highness.
The Carbon Trust has released its Innovations Case Study on the Anaconda.
Full Study is available here
December 21st 2009
The Carbon Trust has been promoting promising technology in various renewable energy sectors, we are delighted that the Checkmate Seaenergy Anaconda device has been selected, as a result, the edition of 21st November of The Week carried a full page advisory covering our Anaconda Wave Energy Converter. This has been followed by a further full page in The Economist, in the last edition of 2009 published on 21st December. The Carbon Trust assessed the Anaconda technology in the early days and as a result has been a leading supporter of our R&D programme. These publications serve to highlight the serious ability of Anaconda to deliver energy converted from the waves around our shores.
www.theweek.co.uk
www.economist.com
November 30th 2009
"Today, Monday 30th November Paul Auston and Des Crampton met with Lord Hunt of Kings Heath OBE, Minister of State in the Department of Energy and Climate Changein Whitehall to brief the minister on the rapid progress of the Anaconda wave energy converter number of issues were covered in an extensive and wide ranging discussion including financing, investor awareness,employment opportunities, feed in tariffs and ROCs. The Minister was helpful and enthusiastic and offered important guidance that will be of assistance as the project moves forward on the road to commercialisation."
November 17th 2009
"The Economist invited Checkmate Seaenergy to showcase the Anaconda project in Washington DC in November, the only wave energy converter to be so honoured, attending the Carbon Summit at the Ronald Regan building was Carol Browner, President Obama's Director of Energy and Climate Change at The White House.
Paul Auston who attended and presented Anaconda said " The USA offers a major potential market for the Anaconda device, if only 10% of the available Oregon coast was used by Anaconda it would result in clean energy for over 4million US homes, the audience expressed serious interest and the questions asked were thoughtful and incisive, we are grateful to The Economists technical team for this unique opportunity"
Newsletter October 2009
This is the first in a series of occasional newsletters designed to keep interested parties up to date with progress in the development of the Anaconda wave energy converter.
The Story So Far
Checkmate Seaenergy Ltd holds the exclusive licence to commercialise the patented Anaconda wave energy converter. The company was established during 2007 and currently has a number of engineers working full-time on the development programme . This small team is based at the site of sister company Checkmate Flexible Engineering in Melksham, Wiltshire. The Anaconda website is to be found at www.checkmateuk.com/seaenergy and among other things lists some of the people involved in the project.
So far the development programme has concentrated on proof-of-concept testing of 1:25 scale models of Anaconda in the wave tank facilities at QinetiQ’s Haslar Marine Technology Park at Gosport in Hampshire. Three two-week sets of tests have shown conclusively that the Anaconda technology can harness wave energy. To date, two different 1:25 scale power take-off devices have been built and tested. In the first type, the bulges from the rubber tube created two columns of water of different heights. When water flowed from one column to the other, the hydraulic power could be measured. This large device was fixed to the overhead carriage of the wave tank and although it measured the hydraulic power very accurately, it did not represent the free floating device that would ultimately be required. A new design of a free floating power take off was then developed in March 2009.[. In this second type of power take-off device, the power is measured by establishing a flow between two rubber accumulators. This allows the power take-off to float freely together with the rubber bulge tube as it would in normal operating conditions.
In parallel with the tank testing at Haslar, the Anaconda team, with support from the Carbon Trust, has been researching and developing the rubber-based technology at the heart of this novel device and significant progress has been made. The team has established a small experimental water tank at Melksham allowing various scaled-down prototype Anaconda components to be evaluated and tested.
Project Plan
The cost of Checkmate Seaenergy’s development work continues to be borne ultimately, by its founding shareholder The company intends to launch a fund raising round with financial institutions and independent investors in early 2010. This will allow a full engineering development programme to begin leading to the commercialisation of the device.
In early 2008 Checkmate Seaenergy was pleased to see Anaconda selected from among several competing wave energy devices to receive financial support from the Carbon Trust’s Marine Energy Accelerator programme. This support has mainly taken the form of consultancy services and has run alongside the technical programme described above. It has also allowed the project to benefit from Carbon Trust’s Incubator scheme which helps start-up companies develop to a state of investment readiness. In our case this has led to the preparation of a detailed and fully costed technology development programme together with a full business plan.
We are particularly pleased with the support from the Carbon Trust. They are a powerful voice in the renewable energy sector, and with the benefit of their support and experience we have been able to push the project forward. You can find out more about their activities at www.carbontrust.co.uk .
Independent Review
Checkmate Seaenergy has chosen to invite a fully independent review of its technology in preparation for the approach to prospective investors. The team feel such a report will give interested investors a realistic and independent assessment of Anaconda’s commercial prospects and will therefore aid the fundraising process. Carbon Trust is supporting this approach and has assisted in the appointment of the leading firm of international consulting engineers Black & Veatch to conduct the study.
Black & Veatch have recently completed a review of Checkmate Seaenergy’s test reports and have suggested that one further short round of tests be conducted. These tests will no longer be concerned with proof of concept as this is now considered “proven” but will focus on the power performance of Anaconda leading to a more accurate prediction of the power output of the full scale device. The testing is scheduled for one week during mid October and will enable Black and Veatch to provide a detailed estimate of Anaconda’s cost of energy which will form the basis of our business plan and investment case.
Risk Warning
This communication is issued in the UK by Checkmate Seaenergy Ltd (“the Company”). This communication is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any shares in Company. No such offer or solicitation will be made except pursuant to a prospectus or information memorandum or other offering document if and when issued by the Company.
Anaconda Demonstration
Checkmate Seaenergy will be demonstrating Anaconda and giving media and the investment community the opportunity meet the team behind the project. There will be also be an opportunity to discuss investment potential and register interest in this impressive and exciting new development. The demonstration will take place on Tuesday May 5th at the QinetiQ Haslar Marine Technology Park in Gosport – the old Royal Navy Ship Tank. A 1:25 scale unit will be working in the facility. There will be a presentation on Anaconda at 13.00.
For further information please e mail Clare Scherer
HRH The Duke of York Previews Anaconda...
HRH The Duke of York was given a preview on 21st April, of the Anaconda Wave Energy Converter ahead of its official launch on May 5th in Portsmouth. He was deeply interested in the presentations made by the team led by Chief Executive Des Crampton about the technology behind this innovative new concept and asked a number of questions about the components. He was very keen to be kept informed about the development of Anaconda. Paul Auston, Chairman of Checkmate, said: ‘I think the visit went really well and it was a great event. Prince Andrew seemed to be really interested in what we are doing and in the potential of Anaconda to generate renewable energy from sea waves not just in the UK but around the World.’ The positive effect upon future job creation within Britain and the wider export opportunities were not lost on His Royal Highness.
