In 1997 GGS Engineering (Derby) Ltd was awarded a DTI Smart Award for a feasibility study to develop the high efficiency, energy saving, permanent magnet, synchronous, steerable "Wheel-Motor"

After securing an external investment in 1999, Stored Energy Technology Ltd (S.E.T.) was created to continue the development of the "Wheel-Motor"

In May 2001, S.E.T. moved to new purpose built premises, Atlas Works, in the heartland of Derby's rail industry

Also in 2001 S.E.T. once again won a DTI Smart Award, this time for development of the steerable Wheel-Motor.  At the same time S.E.T. also gained an EPSRC (Engineering and Physical Sciences Research Council) grant in conjunction with Loughborough University for a dynamics study of the Wheel-Motor’s interaction with rail.  After 3 more years of R&D and with 2 patents now approved S.E.T. started to manufacture equipment developed whilst testing the Wheel-Motor technology.

The first commercial application of the Wheel-Motor has been on our fleet of RAILCAT rail tugs, a number of which have been successfully positioning train sets and bogies in Traction Maintenance Depot's for several years now.

As an offshoot of the Wheel-Motor Control technology we also now manufacture Static Frequency Converters designed and built to customers specifications.  100Kva, 400hz converters used in very arduous conditions providing power for induction heating rigs used in pipeline assembly production lines and 175Kva 50/60hz converters used at oil exploration sites in the Caspian Sea are just 2 of the custom designed solutions we have supplied.

 Milestones

• 1997 - DTI Smart Award feasibility study (Steerable Wheel-Motors) GGS Engineering (Sister company)

• 1997 - First Wheel-Motor Produced

• 1999 - Stored Energy Technology Ltd incorporated.

• 2000 - Millennium product status for Wheel-Motor

• 2001 - New Building - Atlas Works, Derby

• 2001 - DTI Smart Award Development Grant - S.E.T.

• 2001 - EPSRC Grant awarded in conjunction with Loughborough University

• 2001 - 2nd place in STEP Award - Peter Davies

• 2001 - BSI ISO 9001:2000 Achieved.

• 2002 - 1st place in STEP Award - Adam Reeve

• 2003 - First RAILCAT delivered

• 2003 - First Static Frequency Converter delivered.

• 2005 - First MOD contracts awarded (Navy)

• 2006 - First MOD contracts awarded (RAF)

• 2007 - KTP in association with Leeds University.

• 2007 - DTI Technology Innovation Programme Actuator Project

• 2007 - Patent for Sensor-less Rotor Position Sensing.

• 2008 - Major export order for Static Frequency Converters.

• 2009 - Wheel-Motor technology proved during 2000 km test on Blackpool tram

• 2010 - Supplier Quality Assurance granted by major rail company for Safety Critical Supply and Service.