Monday, October 20, 2014

News: Further incentives for Xeros in the US

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Further utilities companies in the US are recognising the potential for award-winning laundry systems from Rotherham-based, Xeros to cut energy and water consumption.

Based on the Advanced Manufacturing Park (AMP), Xeros is a Leeds University spin-out that has developed a patented system using a unique method of special polymer beads rather than the usual large amounts of fresh water to clean clothes.

The system comprises a special washing machine designed to release the beads into the drum for cleaning, and which then removes them from clothes once the cleaning is complete.

An evaluation was carried out recently which included the metering of energy and water usage by a Xeros washing machine compared to an industry standard machine. The Xeros polymer bead machine demonstrated a 100% reduction in natural gas usage, a 76% reduction in water usage, and reduction of the wash time by up to 28 minutes.

Customers in certain US states are able to apply for financial incentives to install energy efficient machines supported by the Federal Energy Management Program's Energy Incentive Program.

Two further utility companies in the US, Columbia Gas and National Grid, have launched energy incentive programmes available to customers who commit to reducing their energy and water consumption through the use of a Xeros system.

Columbia Gas of Massachusetts, a subsidiary of NiSource Inc, has paid incentives totalling $33,000 to date to buy Xeros systems. Likewise, National Grid, an international utility company headquartered in the UK with broad distribution across the US East Coast has provided incentives totalling $24,000 to date. These particular incentives represent reductions of up to 50% of the installed cost of a Xeros machine although they vary based on the customer's business and how each utility company calculates them.

The first company to secure a rebate was Sterling Linen Services, one of the largest commercial hospitality laundries in New England, who secured $28,000 from Liberty Utilities under its Natural Gas Energy Efficiency scheme.

Admitted to the AIM stock exchange in March, Xeros is targeting commercial laundries and hotel industry for their in-house laundry operations. Unsurprising given that the global laundry industry is worth $100 billion per annum. Approximately 120 further machine installations were expected in 2014.

Bill Westwater, CEO of Xeros (pictured), said: "We now have three big US utility companies rewarding Xeros customers for investing in our technology and we expect further utility companies to announce similar incentive programmes to achieve our ultimate goal of national coverage.

"Customers get Xeros' superior cleaning and efficiencies for less; utility companies are proactively addressing the very real problems of energy consumption and water scarcity in the US; and, of course, we can drive early adoption harder and wider in our key geography and market.

"This is all part of our growing momentum in the commercial laundry market, particularly in the US, and I look forward to providing shareholders with further updates in due course."

Xeros website

Images: Xeros

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