Cool Solar - Project Update
Background
The Cool Solar technology was originally developed by Dr.
Additionally, increasing energy costs and the continuing reduction of solar feed in tariffs provides incentive for consumers to seek greater independence from electricity providers. Cool Solar is well placed to provide consumers with choice.
What Cool Solar Does
The Cool Solar technology is distributed infrastructure designed to make every site where it is deployed significantly less reliant on the energy grid. The target is to achieve 80% reduction in heating/cooling energy and hot water costs for every site. For a medium sized house in
Engineering Prototype Status
The engineering development prototype is now in commissioning phase:
- Water side system complete.
- Refrigerant plumbing complete.
- Electronically controlled ejector complete.
- Electrical control system and instrumentation complete.
- Commissioning and safety testing is the next phase.
Simulation Models
Static and dynamic simulation models are complete and ready for tuning based on the test rig performance data.
Potential Impact
As an indirect comparison, 1.3M to 1.4M installations would be of the order of magnitude of
Each Cool Solar installation reduces the demand on the grid. Unlike other renewable energy solutions, Cool Solar does not drive any investment or upgrades to the existing electrical infrastructure and distribution system (poles and wires).
Total Available Market Size
The Cool Solar system is a modular design. The base module is intended for residential buildings, regular street retail and small office-warehouse sites. Arrays of modules can be used for larger sites such as schools, larger retail and factory sites.
The Australian Total Available Market (TAM) is estimated to be in excess of 8-10 million sites.
Rest of World
Estimating the TAM for the markets in which
About
Listed on the
Issue Code: ESCLV
Issue
Issue Type: 01 - Ordinary
ISIN: AU0000ESCLV4
Industry: Industrials
Nominated Adviser:
Listed Date: Tuesday,
Contact:
Mr
T: +61 (0)419 384 059
E: dhacraig@endless-solar.com.au
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