Braveheart Investment Group PLC (AIM:BRH) told investors that its 21.43%-owned Gyrometric Systems has landed a grant and secured its spot in an exciting collaboration project to boost the efficiency of wind turbines.
Gyrometric, known for its patent-protected system that monitors complex shaft movements to predict mechanical failures, was awarded a £300,000 grant by the UK Government's Innovate UK programme.
It comes after Braveheart recently increased its shareholding in Gyrometric.
The grant will fund the development of a monitoring system for large journal bearings in wind turbines, a crucial component for the next generation of wind turbines exceeding 20 MW in capacity.
This project will involve UK-based specialists from Leonardo Testing Services and the Offshore Renewable Energy Catapult, as well as a US team led by Tufts University.
The American team includes Kingsbury Inc, a specialized bearing manufacturer, and a large US wind turbine manufacturer.
It’s anticipated that Gyrometric's technology will be adapted to measure radial and axial shaft displacement with high accuracy – which will ensure the turbine’s optimal efficiency is maintained.
"We are excited about this grant award as it affirms the importance and relevance of Gyrometric's technology in the production of alternative energy in future years, together with the opportunity to work with a leading US partner,” Braveheart chief executive Trevor Brown said in a statement.
Braveheart in July acquired an additional 14% interest in Gyrometric, spending £22,500.