Ener-Core Wins 2014 New Economy Award for Best Air and Environment Solutions
24 January 2015 - 12:00AM
Business Wire
Award to be Announced at World Economic Forum
in Davos, Switzerland
Ener-Core’s Power Oxidizer Technology Cited as
a “Ground Breaking” Solution for the World’s Methane Pollution
Problem
Ener-Core, Inc. (OTCBB:ENCR), the world’s only provider of Power
Oxidation technology and equipment that generates clean power from
low-quality waste gases from a wide variety of industries, has won
the 2014 New Economy Award for Best Air and Environment Solutions
which recognizes forerunners in the clean tech and renewable energy
sectors.
"We are honored to accept this award and pleased to be
recognized for our work in establishing a solution to the world’s
methane pollution problem," said Ener-Core CEO Alain Castro.
"Ener-Core’s Power Oxidizer attacks air pollution at the source by
turning low-quality methane into clean, base-load energy. Our
solution empowers our customers to create significant operating
efficiencies where they would otherwise find capital loss due to
costly environmental regulations. We’re the first to develop this
type of technology and we may just be the first truly profitable,
‘always on’ source of clean energy, and the market is starting to
take notice. Just last week, Pacific Ethanol entered into a sizable
contract with Dresser-Rand for two 1.75MW gas turbines which
utilizes Ener-Core technology to convert their waste gases into
on-site power for the ethanol plant."
"Ener-Core stuck out head and shoulders above other nominees,"
noted Michael Wearing of the New Economy. "It provides a compelling
value proposition to industrial companies as it curbs greenhouse
gas emissions while enabling an attractive return on investment.
Ener-Core’s solution has already been deployed commercially, and
the company is now ramping up with established multi-national
corporate partners, signaling tremendous progress in addressing a
critical issue that the industry faces in eliminating one of the
worst contributors to climate change."
A video of Ener-Core Chairman Michael Hammons and CEO Alain
Castro accepting the award at the London Stock Exchange can be
viewed here:
http://www.theneweconomy.com/technology/ener-core-our-groundbreaking-technology-has-found-a-way-to-supercharge-mother-nature-video.
Ener-Core and other winners of the New Economy Awards including
Chevy North America, Carnival Cruise Lines, BMW, Samsung and Apple
will be recognized for their achievements at the World Economic
Forum in Davos, Switzerland this week as the New Economy Awards
Magazine, 2014 edition is unveiled at the annual meeting of global
economic leaders. For more information, visit:
http://www.theneweconomy.com/awards/2014. The New Economy also ran
an extensive article on Ener-Core in its online edition outlining
its technology and why the company was chosen for the award. That
article can be found here:
http://www.theneweconomy.com/business/ener-cores-groundbreaking-technology-shakes-up-the-energy-market.
Methane (CH4) is the second most prevalent greenhouse gas
emitted in the United States from human activities. In 2012, CH4
accounted for about 9% of all U.S. greenhouse gases. According to
the US EPA, the comparative impact of CH4 on climate change is over
20 times greater than CO2 over a 100-year period. Government
regulation of methane emissions is making it increasingly costly
for many industries to flare off waste gases, which are produced as
a by-product to industrial processes, and current power
technologies cannot operate on such low quality gases as a fuel.
Ener-Core’s Power Oxidizer essentially supercharges Mother Nature
by speeding up the naturally occurring oxidation of waste gas,
enabling customers to convert low quality gas like methane into a
fuel capable of powering a gas turbine.
About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCBB: ENCR) designs
and manufactures unique and innovative systems that generate base
load, clean power from a broad range of previously unusable waste
gasses including methane. Ener-Core’s patented Power Oxidizer is
the only solution of its kind that turns one of the world’s most
potent sources of pollution into a profitable, “always on” source
of clean energy that can be used on site or sold to the grid.
Ener-Core’s technology offers a revolutionary alternative to the
flaring (burning) of gaseous pollution while generating operating
efficiencies and ensuring compliance with costly environmental
regulations.
Ener-Core works with factories, landfills, coalmines, oil
fields, oil refineries, distilleries and other industries that
flare or vent methane gas, especially "ultra-low-Btu gas.”
Ener-Core offers a variety of platforms including the 250kW
Ener-Core Powerstation EC250 ("EC250"), and its larger counterpart,
the 2MW Ener-Core Powerstation KG2-3GEF/GO. We partner with leading
rotating equipment and turbine companies like Dresser Rand and Flex
Energy to offer total energy solutions to our customers.
Mahoney Communications GroupColin Mahoney,
617-970-4418colin@mahoneycommunications.com
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