Insider Header
FocusOn Landscapers | FocusOn Equipment Rentals | FocusOn Mining, Aggregates & Construction | FocusOn Land Improvement Contractors
Spacer
MCLANAHAN
Trending Industry Stories
Spacer
Farmers' Almanac Releases 20 Signs Of A Hard Winter Ahead
EPA’S Withdrawal Of The 2015 Waters Of The U.S. Rule (WOTUS) Is A Positive Step Forward
Swedish Company Testing Autonomous Airport Snow-Removal Equipment
MCLANAHAN Triple-Shaft Horizontal Screen
Bobcat Company Introduces Its Largest Excavator Ever – The New E145
Latest Loader Technologies Improve Machine Performance And Human Machine Interface
JCB 13-Ton And 15-Ton X-Series Excavators Now Available In North America
SENNEBOGEN Up-Sizes Its Tree Care Line With New 738 M Purpose-Built Handler
Don't Settle For Less. Unless You're Talking Price.
McConnell Said No to Money for Miners, Yes to Russian-Backed Plant
Alamo Group Inc. Enters Into Agreement To Acquire Morbark, Llc
Bulldozer Crimes More Common Than One May Think
General Motors Recalls 3.46 Million Vehicles in North America for Brake Problem
Spacer

Spacer
Name*

Spacer
Email*

Spacer
City*

Spacer
State/Province*

Spacer

Spacer
Eriez® Becomes Majority Shareholder of FaultCurrent Ltd.

Original source: Eriez

Screen Shot 2019-05-07 at 9.16.28 AM.png Eriez® President and CEO Tim Shuttleworth announces that the company is now the majority shareholder of FaultCurrent Ltd. Based in the United Kingdom, FaultCurrent Ltd. developed a unique passive magnetic fault current limiter called the pmFCL. Its innovative design uses permanent magnets at its core to provide a reliable, robust and energy efficient solution for electrical power grid reinforcement.

Shuttleworth says, “Making this investment in FaultCurrent Ltd. was a natural choice for Eriez as we are constantly developing and investing in breakthrough products that keep us on the cutting edge.”

The pmFCL protects utility electrical distribution networks from unanticipated power surges and new demands placed on aging and already overburdened electrical infrastructures from the connection of distributed energy sources. The patented technology behind this next generation fault current limiter has been achieved through a combination of magnetic engineering insights, including using ferrite permanent magnets to saturate a network of inductors.

The pmFCL provides additional fault current headroom, presenting a low impedance during normal “in service” current flows until an abnormal fault current instantaneously forces the device into a higher impedance state, and in doing so, allows time for the power system’s existing infrastructure to react to isolate the fault safely. Post fault, the pmFCL instantly recovers, ready to protect the network again.
Unlike other fault current limiters, pmFCL’s breakthrough design is truly “fit and forget” technology. This self-contained three phase unit is delivered to the site as a complete unit that is ready to go once placed on a concrete pad. The pmFCL requires no maintenance beyond simple inspection.

FaultCurrent Ltd. was incorporated in July 2012 to develop a new generation of fault current limiters based on pioneering research and development work carried out by Dr. Jeremy Hall at the Wolfson Centre for Magnetics at Cardiff University. Early stage funding was provided by Fusion IP, now incorporated into the IP Group. Eriez-Europe Chairman Andy Lewis says, “The project attracted attention--and subsequently grants--from the Business, Energy & Industrial Strategy (BEIS) department of the UK government.”

Lewis explains, “Eriez Investments Ltd. has a majority shareholding position, having cumulatively invested a seven-figure sum in the past two years, with the IP Group and FaultCurrent Ltd. company directors and former directors holding the remaining shares.”

FaultCurrent Ltd.’s Board of Directors is comprised of Andy Lewis, Martin Ansell, Dr. Jeremy Hall and Andy Cheer.

... GO TO Eriez® Becomes Majority Shareholder of FaultCurrent Ltd. TO READ MORE

Google Email Twitter Linkedin Facebook

Spacer
The FocusOn Group

FocusOn Landscapers
FocusOn Equipment Rentals & Retailers
FocusOn Mining, Aggregates & Construction
FocusOn Land Improvement Contractors
About

The FocusOn Industry Insider, bringing you breaking news and information relevant to your industry.
Contact

We hope you enjoy this no charge service for FocusOn subscribers. Suggestions for making the Insider better? editor@thefocusongroup.com.

Would you like to advertise with us?
Advertising Inquiry
Email to a friend Subscribe Advertise