Isentropic Ltd (05077488): administration
- Status
- Administration ended
- Administration began
- 2016-01-22
- Administrators
- Mark Robert Fry, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Formerly
- Howes-Macnaghten Technology Limited
- Incorporated
- 2004-03-18
- Location
- London
- Industry
- 72190 Other research and experimental development on natural sciences and engineering
Why it went into administration
- Competition / price pressure
From the administrators' statement
Isentropic Ltd (‘the Company”) was incorporated in March 2004 and was developed with a view to eventually commercialising energy storage systems that would allow utilities to profitably manage the evolving power generation landscape
The Company was established to develop Pumped Heat Electricity Storage, a standalone energy storage system based on a novel, high efficiency reciprocating engine and large scale thermal stores
In 2015 it was recognised that the development of the reciprocating engine was too capital intensive for a small organisation Consequently a decision was made to focus on a technology based around the thermal storage, that would allow a gas plant to remain available at all times to the gnd, give a variable output, run with greater efficiency using stored energy and give immediate response to regulate frequency fluctuations
Administrators' statement of proposals (2016-03-18) · Companies House register