Quadrise plc (LON:QED), a pioneering company in advanced fuel technology, has achieved another significant milestone by signing a Material Transfer and Trial Agreement with Sparkle Power SA. This exciting development, strengthens Quadrise’s position in the thermal power sector and underpins its ambitious commercialisation plans.
The partnership with Sparkle Power centres on their 50MW El Giral power plant in Colon, Panama. As part of the agreement, Quadrise will provide and install trial equipment, including a cutting-edge five-tonne-per-hour Multifuel Manufacturing Unit. The trial, scheduled to last one week, will showcase Quadrise’s proprietary MSAR and bioMSAR fuels. These trials aim to validate the fuels’ performance under actual power demand from the Panamanian electricity grid.
Adding to the potential of this collaboration, two other major power suppliers in the region, boasting a combined capacity of 200MW, have shown interest in observing the trial. This could pave the way for further partnerships and substantial revenue opportunities for Quadrise.
