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Spinetic Energy Limited (In Liquidation)

Spinetic Energy Limited
Acquisition Opportunity

Hilco is seeking offers to acquire the intellectual property assets of Spinetic Energy Limited (In Liquidation) (“Spinetic” or the “Company”) on behalf of the Joint Liquidators of the Company, Kelly Mitchell and Simon Campbell of Quantuma Advisory Limited.

Under Offer
Background

Before its Liquidation, Spinetic stood as a pioneering force in distributed wind energy, revolutionising the landscape with its innovative wind panel system geared towards the widespread adoption of cost-effective and scalable power solutions. Established to make distributed wind energy as accessible and economical as solar PV (i.e. solar panels), Spinetic emerged as a game-changer in the rapidly expanding distributed energy market.

At the core of Spinetic’s solution lies a distinctive wind panel system strategically engineered to deliver cost-effective and scalable power, especially during winter when solar output tends to be lower. Unlike traditional wind solutions marked by high capital costs and landscape impact, Spinetic’s system effectively harnesses moderate winds at low heights, often overlooked by conventional wind turbines. This unique technology captures low-height winds efficiently and cost-effectively, offering minimal landscape impact and making it an ideal fit for microgrids, agricultural perimeter fences, telecom towers, and islands. Spinetic’s offering significantly complements solar PV, providing a year-round renewable resource. By combining wind and solar energy, Spinetic ensures a balanced energy supply throughout the seasons, mitigating the reliance on diesel and short-duration battery storage prevalent in distributed energy setups.

Before Liquidation, the Company was in advanced negotiations with several prominent potential customers, including the Ministry of Defence (MoD), who awarded Spinetic a £900k contract, and leading global distributed energy service providers like Aggreko, with the potential to secure these contracts passing to the asset purchaser.

This unique opportunity presents potential acquirers with the chance to obtain Spinetic’s intellectual property assets, including its extensive patent portfolio, vast recorded know-how and prototype structure. With Spinetic’s innovative wind panel system and robust intellectual property, this acquisition holds immense promise in revolutionising the distributed energy landscape, particularly in sectors such as microgrids, agriculture, and telecom, offering a forward-looking solution to the evolving energy demands of today’s world.

Available Assets

The Spinetic Brand

Spinetic stands as an innovative force shaping the future of wind energy technology.

Spinetic has garnered attention from those prominent in environmental research and development, notably securing funding from Innovate UK in January 2018 for a collaborative project investigating the potential of modular wind turbine micro-factories tailored for remote and developing world sites. Further, the influential government innovation fund, The Energy Entrepreneurs Fund, also recognised Spinetic as a trailblazer in the energy innovation landscape. Moreover, the Spinetic brand gained substantial credibility through the Ministry of Defence’s (MoD) confidence in its revolutionary technology. The MoD’s willingness to engage in a trial utilising Spinetic’s innovative wind energy solution speaks volumes about the technology’s reliability and potential impact.

The brand has built a name for itself in its sector, with the Company having participated in the Ecosummit London 2016 and showcased its innovative technology at the Green Angel Syndicate Pitch Evening in 2017, captivating audiences with its forward-thinking approach and revolutionary wind energy solution. The Company’s efforts to build its brand have also earned in esteemed sustainability-focused media outlets such as Edie and EE Times.

With an unwavering commitment to technological innovation and a track record of accolades from industry authorities, Spinetic’s brand is synonymous with groundbreaking advancements in wind energy technology, showcasing its dedication to driving sustainable solutions for a greener future.

Trade Marks

The Company likely holds unregistered rights protecting the “Spinetic Energy” brand name and logos.

Patents

Spinetic’s expansive UK and international patent portfolio is a formidable shield safeguarding its groundbreaking technology.

Within this extensive portfolio lies the protection for crucial facets of the Company’s innovation, including distinctive means of collecting and transmitting power from generators through an innovative aluminium framework. Notably, the patents encompass advantageous methods of attaching blades to generators and defining optimised blade shapes, all safeguarded by international filings across multiple territories worldwide. Furthermore, the UK filings delineate aspects of generator design critical for potential protection or employment in various operational conditions.

A full list of the Company’s patents is available via a virtual data room.

Organisational Knowledge, Drawings & Design Files

The Company holds an extensive suite of files, technical drawings, trial data, and reports relating to various recent and historical projects, mapping its research and development to its time of Liquidation.

Domain Names & Website Content

The Company holds a portfolio of Spinetic Energy-branded domain names, including the primary spinetic-energy.com domain name and several complimentary Wind Fence-branded domain names. A full domain name schedule is available via a virtual data room.

The Company owns the copyright in the website content hosted at its various active domains, showcasing the Company’s wind energy technology, containing a depth of rich content and imagery.

Sale Process

All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room of further information on signing a confidentiality agreement.

Key Terms and Conditions

The Joint Liquidators act as agents of the Company and without personal liability.

The bidder acknowledges that Hilco acts as an agent for the Joint Liquidators who offer for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Joint Liquidators and bidders are deemed to have carried out their own due diligence.

VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. A buyer’s premium of 10% of the sale price is payable by the winning bidder. Legal completion to occur within 5 business days of bid acceptance. Hilco’s full Terms and Conditions apply.

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