Clean energy star Energetix, whose�‘new’ energy solutions are built around novel reworkings of reliable engineering, completed its first sale last year and sees commercial opportunities aplenty for its three divisions in 2008 and 2009.

Pnu Power, a producer of emergency back-up power, is the most commercially advanced of the three divisions, having sold product to a South African utility last November and received 'a lot of interest' at a recent trade show, according to chief executive Adrian Hutchings. Last summer's fundraising has enabled the sales force to be significantly expanded in order to pursue further leads, though the sales cycle is admittedly long.

Genlec, focused on combined heat and power boilers (micro-CHP), has agreed deals with two boiler manufacturers as well as utility giant E.ON. These cover three of the top-six boiler markets in the world and Hutchings expects first sales with Dutch manufacturer Daalderop once Genlec gains its 'CE mark' this year. The Dutch government has pledged to have 10,000 micro-CHP units installed by 2009 and Genlec sees itself as the only viable supplier as competitors 'have stumbled', while in the UK, E.On says it is ‘working towards a full market roll-out… from early 2009’.

Vphase, the group's 55%-owned AIM-listed venture valued at �52.49m, recently appointed a new CEO to fire up commercialisation. Its product helps householders slash energy bills by absorbing any excess voltage delivered by electricity suppliers. Talks are under way with consumer products manufactures and utilities keen on finding ways to invest under the government’s Carbon Emissions Reduction Target scheme.

Energetix's 2007 results revealed losses widening by 80% to �1.8m, but the company, which keeps a tight reign on cost, still boasts funds of �12.8m to help take its ideas to market. An intelligent green speculation.

Growth Company Investor is the UK’s leading authority on small-cap and AIM companies. You can gain immediate access to all the recent share recommendations with no obligation, with a free 30-day trial. Click here to join today.