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ENECO Named In CNBC�s Top 50 Low-Carbon Pioneers List |
| Written by Tristan Lewinsohn | |
| Thursday, 17 May 2007 | |
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US-based energy savings specialist ENECO Inc. has been recognised as a leader in the field of low-carbon technology. The company's Thermal Chips are capable of drastically reducing energy consumption and carbon emissions in a number of sectors, such as smelting plants and the automotive industry, largely through economically converting waste heat into electricity. (May 17th 2007) – Salt Lake City – Following the creation of its UK subsidiary ENECO Europe in September 2006, Salt Lake-based energy technology specialist ENECO Inc. has received its first major piece of independent recognition in Europe this month, being named amongst the top 50 low-carbon pioneers in a list produced by CNBC European Business.The news follows on the back of a major deal signed by the parent company and PROTERRA ENERGY to supply highly-efficient green energy and environmental systems for utilities and city district power, a market estimated to be worth not less than $2 billion over the next 7 years. The CNBC list focuses on ranking emerging businesses that have connected climate change to their bottom line and are profiting from it, and includes industry pioneers who are creating new low-emission technologies and new-market trading platforms. ENECO’s Thermal Chip technology certainly fits this description as it is capable of drastically reducing energy consumption and therefore carbon emissions in a number of sectors, such as smelting plants and the automotive industry, largely through economically converting waste heat into electricity. Not only can this help lower energy costs for end-users, it also opens up the opportunity for qualifying companies to generate carbon credits. “Being able to deliver significant cost and emissions savings through energy efficiency is an ability that is massively in demand in today’s world and we certainly believe that our Thermal Chips have that ability,” adds ENECO’s CEO, Dr. Lew Brown. “One significant area of interest is industrial plants, which exhaust huge amounts of heat as part of their daily operation. For owners of these plants, such as metal smelters, a reduction of a few percent in the factory’s electricity bill can have a major impact on the business. We are already talking to a number of companies in this sector.”
About ENECO’s technology ENECO’s Thermal Chip technology is in some respects similar to a fuel cell, but a fuel cell converts the chemical energy of a fuel to electricity whereas a Thermal Chip converts heat energy to electricity. Its energy density (a measure of power production for a given weight or size) is five times better than current lithium-ion-batteries and two to four times better than future micro fuel cell capabilities projected for 2010. The Thermal Chip has the following key characteristics:
For further information, see www.eneco.com or contact: Tristan Lewinsohn Business Development Manager This e-mail address is being protected from spam bots, you need JavaScript enabled to view it About CNBC European Business Magazine CNBC European Business is a monthly magazine about European businesses, for European readers. Integrated since 2005 with CNBC Europe, the pan-European network channel devoted to financial and business news, the magazine marks the ever increasing importance of Europe as a single market and trading bloc. Globalisation is the inevitable backdrop, yet viewed as such Europe assumes greater coherence as a single market than at any point in its long history. Media contact: Richard Samuda Marketing Manager Ink Publishing Tel: +44 20 7613 6958 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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