Clean Power, www.cleanpowertechnologies.com – an ingenious design engineering company focused on developing innovative techniques for harnessing waste heat like the Company’s CESAR (clean energy separation and recovery) system , reported reception of a funding Grant for Business Investment from the UK government via SEEDA (South East England Development Agency) today.
By Q1 2011, one-fifth of the reported GBP1M investment plan for prepping CPWE’s Newhaven facility to meet manufacturing/commercialization targets will be covered by the grant and activity will consist of obtaining the appropriate specialist machinery and tooling required.
The technological breakthroughs CPWE has created offer sustainability and efficiency goals much sought after by a global market, the Company’s reputation for performance in commercialization is established and SEEDA recognizes these facts with the grant.
Moreover, the development itself will prove a boon for the Newhaven and South East area.
CTO of CPWE, Mike Burns, commented on how attractive this unique technology is to the market, explaining that the output boost from the system to each engine comes solely from the exhausted/wasted heat energy of each engine being recovered. Burns understands how selective the UK government is and promised the great potential of the future of this technology for multiple efficiency applications.
Manufacturing the first commercial heat recovery units with the newly obtained equipment will place CPWE in prime position to generate returns for its shareholders, as an eager target market of landfill gas powered methane engines seeks the amazing 10% electrical output upgrade.
A prototype unit is currently in operation at a UK landfill site and the Company has vetted several key opportunities to develop future installations around the UK.
Executive Director of Business Development at SEEDA, Susan Priest, affirmed the sentiments expressed by Burns and extolled the contribution to prosperity in Newhaven/South East CPWE’s actions entail, expressing great fondness for the heat recovery technology.
Priest seemed delighted by the potential of the technology to simultaneously address efficiency and carbon footprint reduction goals, as well as the future of the technology itself.
There is a clear global market, a well-defined product space, a robust engineering team with winning technologies and solid governmental backing for CPWE as it moves to exploit the wide range of opportunities available for commercializing its unique systems.
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