Dearman delivers ground-breaking clean cold and power systems with applications across expanding global markets. The fast growing British company is developing zero-emission technology powered by the expansion of liquid air or liquid nitrogen within an innovative piston engine.
Applications for Dearman's cutting-edge technologies range from transport refrigeration and the built environment to commercial and last-mile or urban delivery vehicles. There are several benefits of using these technologies, including significant operational cost savings and immediate air quality improvement.
Coast to Capital's £2m investment will enable the continued development of a zero-emission transport refrigeration system, which provides an economically competitive and environmentally sustainable alternative to the often highly polluting, fossil fuel-powered units currently in operation. This application is due to enter commercial field trials in 2015, with extended multi-location trials in 2016.
Over the next two years Dearman is looking to create an additional 30 - 40 jobs with roles including engineering, supply chain management, customer engagement, and after sales services.
Toby Peters, CEO of Dearman, said: "As a fast-growing company at an exciting stage of development, we are delighted to be receiving this support from Coast to Capital. Such a significant level of commitment reflects the strength of the company, the scale of the opportunity in front of us and the potential of the burgeoning UK clean tech industry at large. The Dearman Technology Centre near Croydon is quickly getting up and running, and this funding will help us to continue our rapid pace of technology development and to create employment opportunities across the business."
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."
For more information visit www.dearmanengine.com or http://www.coast2capital.org.uk/projects/dearman-engine-ltd.html
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