|By Marketwired .||
|June 8, 2014 07:00 PM EDT||
RENO, NV -- (Marketwired) -- 06/08/14 -- ElectraTherm, a leader in distributed heat to power generation, announces the continued success of its Organic Rankine Cycle (ORC) technology with more than 200,000 hours of fleet run time and 39 commercial sites around the globe. The heat to power technology is well-suited for low temperature geothermal, and ElectraTherm was sponsored by the US Department of Energy to design a fully integrated, packaged, robust solution specifically targeting small and distributed geothermal resources. ElectraTherm has two sites operating on geothermal fluids -- one in Nevada and one in Romania. Both sites combine for more than 10,000 hours of successful geothermal power plant operation. Japan and other geographical regions in Southeast Asia offer a particularly good fit for ElectraTherm technology with the prevalence of onsens, district heating systems and other accessible low-temperature resources, higher costs of power, and incentives for alternative clean energy sources.
ElectraTherm's Green Machine produces up to 110kW of electricity from the low temperature (77-116 degrees C) hot water without any fuel or emissions. The geothermal sites in Romania and Nevada utilize geothermal heat at 102 degrees C and 107 degrees C respectively.
"The Green Machine captures geothermal heat to generate power at temperatures and flows most ORC technologies cannot attain," said Mike Olari, President of Energy Power Holdings, the ElectraTherm distributor that installed the equipment in Romania. "The robustness of the machine and the ease of installation make this application easily repeatable for the vast low-temperature geothermal resources available worldwide."
Indonesia and Japan are the second and third largest geothermal resources in the world, according to the Geothermal Research Society of Japan. Utilizing ElectraTherm's ORC and patented technology, these markets have the potential for an attractive return on investment and fossil-fuel free power generation. New government policies and commitments to clean energy in Southeast Asia further increase the investment opportunity in these regions. Particularly in Japan, a 40 yen/kWh feed-in-tariff for geothermal is available for 15 years, which can equate to 30-40% IRR's and less than three year payback periods.
About ElectraTherm, Inc.
ElectraTherm, Inc. is a renewable energy company headquartered in Reno, Nevada. ElectraTherm's product, the Green Machine, generates fuel-free, emission-free power from low temperature waste heat using the Organic Rankine Cycle (ORC) and patented technology. Green Machines utilize waste heat on applications such as internal combustion engines, biomass, boilers/process heat, geothermal/co-produced fluids and solar thermal. Our machines are modular, robust power generators with an attractive payback. For more information on ElectraTherm and our clean energy products, please visit www.electratherm.com.
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