Graphene Manufacturing Group Ltd V.GMG

Instant Market

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CVMP Results -52% Energy Savings Utilising THERMAL-XR® 

- Business Update - 
 

After coating with THERMAL-XR® on a public library air conditioner a 52% Energy savings was measured and verified by an independent third party certified verification and measurement professional (CVMP). It confirmed that the THERMAL- XR® treatment yielded an estimated savings of 52%, or 348 kWh ± 91kWH with a relative uncertainty of 26% at a confidence level of 90%.

THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers. 
 

BUILDING AIR CONDITIONING ENERGY SAVINGS:

The 53.2kW (Model OPA55RKTBG01-P) ducted system was studied over a 4 month period with energy and weather data obtained via remote wifi connected energy sensors and third party weather stations. Calculations for the regression model were carried out by an independent Certified Measurement & Verification Professional (CVMP) with reference to International Performance Measurement and Verification Protocol (IPMVP). Annualised calculations are projected over a full 12 months without any seasonality variance included and emissions reductions were based of the Queensland specific electricity grid greenhouse gas emission factors of 0.82 kg of CO₂ / kWhr. The above energy and emission calculation is based on 348 kWh ± 91kWH with a relative uncertainty of 26% at a confidence level of 90% over 18 days of regression modelling. The library has 4 operational days per week.

 

GMG CEO/MD/Founder Craig Nicol said, “According to the Australian Energy Regulator, Australia alone consumes nearly 200 TWh every year on the electricity grid with an estimated value of AU$60 billion. We believe approximately 20% is attributed to cooling costs which is AU$12 billion per annum which is obviously a significant opportunity for GMG."