NEW YORK, June 26, 2018 (GLOBE NEWSWIRE) -- PwrCor, Inc. (OTCQB:PWCO), an advanced technology company focusing on clean, renewable energy solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, announces a significant technology breakthrough that exceeds cycle efficiencies of conventional power cycles.
The efficiency advancements resulted as part of PwrCor’s ongoing Research and Development program with its exclusive technology partner – a third-party, internationally recognized, research institute. The increase in efficiency gives PwrCor a major competitive advantage.
The advancements afford a substantial increase of the potential maximum cycle efficiency of PwrCor’s proprietary power cycle while also realizing higher actual operating efficiency with its latest engine design. The design enhancements are expected to reduce the overall cost per kW output of the PwrCor engine, and will have little impact to the size of the engine, resulting in significantly greater power output within the same general footprint.
As Tom Telegades, CEO of PwrCor, stated, “The efficiency potential established by this research represents a major development in the commercialization of PwrCor’s technology. Our value proposition to those industries generating ultra-low-grade heat, such as Fuel Cell, Data Center, and Geothermal, is now significantly enhanced.”
The new design enhancements are scientifically important and have significant practical implications. There is a thermodynamic limit on the efficiency of an engine, known as Carnot efficiency. These advances allow the projected efficiency of the PwrCor engine to achieve about a one-third improvement, bringing the engine to between 72% and 85% of the thermodynamic limit, depending upon operating conditions. This represents an unprecedented level as compared to other technologies. The practical implication is that the power output of PwrCor’s technology should be able to increase by the same one-third – with no change in input. This is a very significant development.
At the operating temperatures currently being addressed by the PwrCor technology, the efficiencies projected now exceed that of most thermodynamic power cycles, including the Rankine Cycle, used in many applications, as well as the Organic Rankine Cycle used in Waste-Heat-to-Power, Geothermal, and Solar Thermal power applications.
PwrCor’s technology delivers the ability to reduce the overall cost of energy for power users. Low and ultra-low-grade heat, which up until now could only be discarded and wasted, can be cost-effectively utilized to generate electrical power, providing cost savings and improving bottom line performance.
PwrCor is currently engaged in discussions with leading companies in such industries as fuel cells and reciprocating engines, and on additional project initiatives in oil and gas, solar thermal, and data centers, all of which have enormous amounts of wasted ultra-low-grade heat that can now be converted to additional power, contributing to higher profits. The technology cost-effectively converts heat to mechanical power or electricity, and represents a breakthrough for those businesses which can now profit from converting wasted heat into electrical power.
About the PwrCor™ Technology
PwrCor™ engines use proprietary technology that can cost effectively convert ultra-low-grade heat into usable mechanical or electrical energy, opening up an immense market representing hundreds of gigawatts of potential power production. This is wasted energy that previously could not be economically harnessed as usable power by competing technologies. PwrCor's breakthrough technology can change the profile of how energy is created and consumed in markets around the globe, and can be used in place of or in conjunction with almost all existing technologies. PwrCor™ is a completely ‘green’ technology that uses no fossil fuels, does not operate via combustion, has no emissions, and does not process any working fluids that are flammable, harmful to the environment, or costly to replace. PwrCor™ is scalable, modular, and runs relatively silently, all within a small footprint.
About PwrCor, Inc.
PwrCor, Inc., is an advanced technology company that specializes in renewable energy, offering advanced cleantech solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, as well as other applicable markets. PwrCor is also focused on energy infrastructure development projects and delivering cleantech energy solutions to commercial and not-for-profit customers. Please visit our website at www.pwrcor.com for additional information.
Safe Harbor Forward-Looking Statement
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve unknown risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, its ability to raise sufficient financing to implement its growth strategy, and its ability to successfully develop and commercialize its proprietary products. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's most recent reports on Forms 10-K, 10-Q, 8-K, Schedule 14A and other filings made with the SEC. Copies of these reports are available from the SEC's website, www.sec.gov, or without charge from the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.
Company Contact:
Thomas Telegades, CEO
212-796-4097
ttelegades@pwrcor.com
Source: PwrCor, Inc.