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New collaboration between Extract Energy and Hamilton community companies harvests ‘free’ energy, The Canadian Business Journal

CAMBRIDGE, ON, Nov. 9, 2022 (GLOBE NEWSWIRE) — This week, Extract Energy kicks off a pilot project with Hamilton Community Enterprise (HCE), designed to harvest vast untapped clean power sources We have demonstrated new technology that has been

Extract Energy’s Heat Engine captures excess hydrothermal energy from the City of Hamilton’s district heating and cooling plant and converts it into grid-quality electricity.

Extract Energy CEO Ibraheem Khan said: “This collaboration demonstrates how our innovative technology can be scaled to save costs and reduce our carbon footprint.”

Waste heat provides a free energy source. However, due to the relatively low temperature of most waste heat, it often makes no economic sense to recover it using conventional techniques. Extract Energy has developed a solution that turns that inefficiency into an opportunity.

At the heart of the heat engine, a nickel-titanium-based shape-memory alloy expands and contracts with heat, creating motion that can be converted into zero-emission, grid-quality electricity. And because the engine integrates seamlessly with most equipment, it can be installed in hours without disrupting operations.

HCE President and CEO Jeffrey Cowan said: “His Heat Engine pilot at Extract Energy provides an opportunity to further demonstrate our environmental leadership and help drive new low-carbon innovations.”

The heat engine was developed with funding and support from Sustainable Development Technology Canada, Ontario Center of Innovation, Breakthrough Energy Solutions Canada, and MaRS. In 2020, Extract Energy tested a smaller version at Calgary’s Last Spike Brewery. The HCE is now the first in a series of pilot tests designed to validate engine performance at scale.

“Ultimately, we aim to scale energy from kilowatts to megawatts,” says Khan. Nearly 65% ​​of the world’s energy is now lost as waste heat, he notes. “Harnessing such a vast energy source could reduce millions of tons of greenhouse gas emissions each year and create an impact of the scale needed to address the climate crisis.”

About extraction energy
Extract Energy is a division of Smarter Alloys, an award-winning materials science company located in Ontario, Canada. Extract Energy is at the forefront of unfolding the potential of smart materials to convert low-grade waste heat into electricity.

For more information, please visit www.extractenergy.com.

Media Contact: Michael Kunz 519-880-0100 / [email protected]

About Hamilton Community Enterprise
Hamilton Community Enterprise (HCE) provides facility-based integrated utility solutions in both the energy and telecommunications sectors since the deregulation of Ontario’s electricity market in 2000. Greater Toronto Hamilton Area. With expertise in integrating heat, electricity and data infrastructure, HCE targets broadband and energy efficiency, resilience and sustainability to enable communities and the businesses within them to achieve optimal performance. We are uniquely positioned to design and operate an innovative mix of services.

For more information, please visit https://www.hce.net/.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aae627de-231a-45e4-8ecb-bfdae9499072.

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New collaboration between Extract Energy and Hamilton community companies harvests ‘free’ energy, The Canadian Business Journal

Source link New collaboration between Extract Energy and Hamilton community companies harvests ‘free’ energy, The Canadian Business Journal

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