Business
Haydale awarded SMART funding
Haydale awarded SMART funding.
About this update from Haydale Plc
[{"type":"text","content":"\n\n\n\n\n\nReach\n\n\n \n\n\n\n\nFor immediate release\n\n\n6 December 2023\n\n\n\n\n\n\n\n\n\n\n\n\nHaydale Graphene Industries plc\n ('Haydale')\nHaydale awarded SMART funding to develop ultra-efficient, graphene infused heat transfer fluids\n \nHaydale, (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.\n \nHydratech, 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.\n \nBy 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.\n \nKey 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.\n \nAs 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 £147,221 with a grant value of £73,610 shared between the partners.\n \nStephen Hickson, MD of Hydratech commented:\n\"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 therma...