2023-04-14 04:01:06 ET
PwrCor ( OTCPK:PWCO ) enters contracts with two Fortune 500 global energy companies to deploy its heat-to-power technology.
These two contracts will install PwrCor engines in industrial settings that will reduce the cost of operations by generating power from low-grade heat created in the course of compressing carbon dioxide and natural gas.
Both installations will be in the U.S. Midwest.
PwrCor ( OTCPK:PWCO ) enhances its technology that converts ultra-low-grade waste heat (140°F to 250+°F) to electricity.
This effort has been conducted in partnership with a highly regarded national research and development institution and has been completed after two-years of efforts.
The two contracts represent ‘proof of concept’ projects, with further indications of interest for a domestic backlog of as much as 90 MW (estimated at $200M) at these two companies, predicated on successful performance.
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PwrCor to deploy heat-to-power technology for two Fortune 500 global energy companies