Ener-Core, Inc., designer and manufacturer of proprietary Gradual Oxidizers, announced it has entered into a global licensing agreement with the Dresser-Rand Company to develop and market the Dresser-Rand KG2-3GEF two-megawatt gas turbine coupled with the Ener-Core oxidizer. Dresser-Rand is among the world’slargest suppliers of rotating equipment to the oil, gas petrochemical and process industries.
“The adoption of the Ener-Core oxidizer technology by Dresser-Rand is an important step in capturing the $65 billion waste gas to power opportunity,” said Alain Castro, CEO of Ener-Core. “This commercial license is a great opportunity for Ener-Core to successfully scale up its power generation technology to the 2 MW power capacity. Furthermore, Dresser-Rand’s existing global footprint of commercial and engineering teams, as well as their strong brand, will enable an accelerated deployment of Ener-Core’s solution across multiple industry applications. Most industries that currently flare their waste gases will soon be able to use these waste gases productively, while also significantly reducing their emissions of waste gases into the atmosphere. This is great news for our world’s air quality, and great news for the financial bottom-lines of the industries that currently emit these greenhouse gases into the atmosphere.”
Dan Levin, Dresser-Rand Vice President, Environmental Solutions, added, “The Ener-Core oxidizer is a breakthrough technology that greatly expands the value proposition of the KG2-3G gas turbine. The combination of reducing harmful exhaust emissions and generating clean energy from waste gases is a truly significant opportunity for many industrial companies. While most companies are focused on waste gas capture and destruction, Ener-Core’s unique Gradual Oxidation technology, combined with Dresser Rand gas turbines, will enable industrial clients across a wide range of industries to utilize their industrial waste gases to generate clean energy.”
While specific details of the deal have not been released, the license agreement grants Dresser-Rand exclusive rights to commercialize the Ener-Core 1-4MW MW Gradual Oxidizer bundled with the Dresser-Rand KG2 gas-turbine product line. The bundled solution, now being commercialized by Dresser-Rand, will provide both companies with a unique and significant commercial advantage to address the burgeoning market of methane emissions compliance. As part of the agreement, Dresser-Rand will pay a $1.6 million initial license fee, and subsequently agrees to achieve annual sales thresholds agreed to by both companies in order to retain the commercial license.
The two companies will partner to market and sell the combined product to a variety of potential industrial customers including, coal mines, oil & gas refineries, oil & gas drilling sites, distilleries, food processing plants and landfills.
While most companies will absorb additional costs related to complying with expected methane regulations, the new solution deployed by Dresser-Rand and Ener-Core will enable customers to instead generate revenue by selling the energy that they produce, or use the additional energy that they produce from their own waste gases to significantly reduce their energy purchases. With its 250 kilowatt power stations already operating in Europe and the United States, Ener-Core’s Gradual Oxidation technology provides for base-load power and energy security while other renewable energy systems are dependent on intermittent sources of power generation. Executives with Ener-Core estimate that the amount of waste gases that are polluted annually into the atmosphere in the form of wasted methane could be used to generate up to 65,000 MW of clean energy – the equivalent of powering 65-80 million homes. Were that gas to be turned into fuel for an Ener-Core / Dresser-Rand generator, it would in effect, offset the green house gas pollution of 254 million vehicles registered in the US in 2012.
For more information, visit www.ener-core.com.