Croydon R&D facility benefits from Local Enterprise Partnership funding
Dearman, the developers of the Dearman engine, a piston engine that harnesses the rapid expansion of liquid nitrogento produce zero-emission power and cooling, is to receive a £2 million investment from Coast to Capital, the Local Enterprise Partnership for the South East. The fund covers the Croydon area, the location of the new Dearman ‘Clean Cold Technology’ R&D centre.
Dearman is developing the technology for a range of applications, including transportation, buildings and food distribution.
Toby Peters, CEO of Dearman, said: “Dearman is at the forefront of developing cutting-edge clean cold technology and Coast to Capital is showing great foresight in supporting us. As a growing company, we will deliver local jobs, international exports and global environmental benefits. The UK has a unique opportunity to lead the emerging ‘cold economy’; Dearman is at the heart of this new industrial sector; and Coast to Capital is playing an important role in making our vision a reality.”
Ron Crank, Chief Executive of Coast to Capital LEP, said: “I have been hugely impressed by Dearman’s plans for growth in the future. The use of alternative energy technologies and their importance in reducing carbon emissions is a priority. Recent government legislation on the use of diesel engines adds to the fact that companies such as Dearman should be supported. I look forward to working with Dearman and supporting them with their growth plans.”
Dearman has begun ‘extended testing’ of the technology at its new R&D facility in Croydon, ready for commercial field trials later this year. The firm said the majority of Dearman’s 50-strong staff are employed at the site, which is the first R&D facility of its kind.” The transport refrigeration system is currently undergoing on-vehicle trials and will begin multi-location trials next year.