TIDMHAYD
Haydale Graphene Industries PLC
06 December 2023
Reach
For immediate release 6 December 2023
Haydale Graphene Industries plc
('Haydale')
Haydale awarded SMART funding to develop ultra-efficient,
graphene infused heat transfer fluids
Haydale, (AIM: HAYD), a global technology solutions company, is
pleased to announce the award of a SMART Flexible Innovation
Support Grant ("SMART FIS") from the Welsh Government, to
accelerate development of ultra-efficient, graphene infused heat
transfer fluids. This support will assist in the development and
proof of concept of scientific innovations, in a commercial
setting.
Hydratech, a division of Liquitherm Technologies Group and
longtime manufacturer of aqueous-based heat transfer fluids, have
been awarded a collaborative SMART FIS to work in partnership with
Haydale on the project.
By infusing Hydratech heat transfer fluids with Haydale
functionalised graphene, there is potential to maximise thermal
conductivity and thermal diffusivity, and thus significantly
increase the efficiency of all fluid-based heating and cooling
systems. The resulting graphene-infused heat transfer fluids would
be classified as Fluidstate Superthermal Conductors, or FSC's.
Key target sectors intended to benefit from FSC, would be those
using domestic and commercial heat pumps, including air source,
ground source, geothermal and water source. By increasing the
Coefficients of Performance of all heat pumps, the associated users
- including and especially domestic households - will benefit from
much reduced running costs. I.E., smaller heating bills, whilst
significantly reducing greenhouse emissions.
As part of a new innovation strategy for Wales, aimed at
supporting Welsh industry by increased investment in research,
development and innovation, the SMART FIS funding will enable both
companies to accelerate their development of FSC towards
market-ready products, with the project totalling GBP147,221 with a
grant value of GBP73,610 shared between the partners.
Stephen Hickson, MD of Hydratech commented:
" We are excited to collaborate and partner with Haydale, who
bring a unique material solution to industry wide challenges. Our
range of heat transfer fluids are already widely used, but the
development of a more conductive and thermally efficient fluid will
be warmly welcomed by domestic, commercial and industrial users
alike, and simultaneously support the drive to Net Zero CO2 by
2050."
Keith Broadbent, CEO of Haydale, commented:
"This support from Welsh Government will accelerate the
development of our technology and processes, particularly for
thermal fluid innovation, where we believe functionalised graphene
can pave the way for the next generation of energy-efficient
heating, particularly in situations where an air source heat pump
can be installed in domestic and commercial properties."
Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, CEO Tel: +44 (0) 1269 842946
Mark Bolt, Sales & Marketing Manager Tel: +44 (0) 1269
507026
Cavendish Capital Markets Limited (Nominated Adviser &
Broker)
Julian Blunt / Edward Whiley, Corporate Finance Tel: +44 (0) 20
7220 0500
Andrew Burdis, ECM
Notes to Editors
Haydale is a global technologies and materials group that
facilitates the integration of graphene and other nanomaterials
into the next generation of commercial technologies and industrial
materials. With expertise in graphene, silicon carbide and other
nanomaterials, Haydale can deliver improvements in electrical,
thermal, and mechanical properties, as well as toughness through
its state-of-the-art functionalisation. Haydale has granted patents
for its technologies in Europe, USA, Australia, Japan, and China
and operates from five sites in the UK, USA, and the Far East.
For more information please visit: www.haydale.com
Hydratech began as a family run business in 1998 formulating and
manufacturing inhibited glycols, antifreeze solutions and water
treatment chemicals including inhibitors and cleansers, for
protecting cooling and heating systems. Now part of the larger
Liquitherm Technologies Group, Hydratech are recognised as the
industry's leading heat transfer fluid experts for process and
hydronic systems. Hydratech invest heavily in research and
development, to ensure they remain at the forefront of the heat
transfer fluid industry.
For more information please visit: www.hydratech.co.uk
About SMART Flexible Innovation Support (FIS)
The Welsh Government is committed to building a stronger,
fairer, greener Wales, based on the principles of fair work,
sustainability and the industries and services of the future. This
includes supporting demand-driven Research, Development, and
Innovation in Wales, and facilitating effective collaborations
which drive prosperity and deliver real benefits for Wales' people
and its environment.
Our cross-Government Economic Mission and innovation strategy
Wales Innovates have building stronger foundations for growth,
supercharging the industries of the future and empowering Wales'
regions at their hearts. We support organisations to innovate and
introduce new products and services, to trade with the UK and the
rest of the world, to improve our skills base and to ensure that
Wales remains competitive in the fourth industrial age. We are also
working to enable more Welsh organisations to become carbon-light
or carbon-free.
Through SMART FIS, the Welsh Government helps to create jobs and
improve people's lives by driving cutting-edge research and
innovation. SMART FIS is a unique Welsh Government scheme with the
single aim of helping Welsh organisations achieve "Innovation
Excellence" by supporting their Innovation Plans with the Welsh
Government team of Specialists, access to expertise, consultants
and funding.
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