December 12 (SeeNews) - Irish agri-tech firm BHSL said today it has received orders worth a total of EUR 13 million (USD 13.8m) from certain large UK poultry farms for its manure-to-energy technology.
The company will sell eight of its BHSL Energy Centre units under the new contracts. These units will be installed by March 2017, it said.
BHSL’s technology is used to convert poultry manure into energy, allowing farmers to generate both power and heat. The company estimates that farms might meet all their energy consumption by using their manure as a fuel. It noted that its technology was just recently used for the first time to produce electricity in addition to heat.
“We are preparing for a busy period in the months ahead, with the aim to make sales in excess of EUR 40 million in the company’s next financial year,” said Declan O’Connor, BHSL’s managing director.
BHSL recently started a process to raise at least EUR 7 million to back its global expansion and open offices in the US, continental Europe and the Middle East. The company said it expects to finalise this process by the end of February.
(EUR 1.0 = USD 1.060)