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ENECO recently signed a contract with Proterra Energy Inc. to supply highly efficient green energy and environmental systems for utilities and city district power, estimated by Proterra to be worth not less than US$2 billion over the next seven years. As part of the agreement Proterra will invest US$20 million in ENECO at $5.50 per share. This gives Proterra a stake in ENECO’s future on attractive terms and provides ENECO with capital for expansion. ENECO is currently engaged in a pre IPO funding round managed by Catalyst Investment Group Limited, the London based financial services boutique. END For further information please call: Andrew Wilkins, Catalyst Investment Group 020 7929 5090
ENECO’s Technology ENECO’s team of scientists, led by Dr Yan Kucherov and Professor Peter Hagelstein, has invented and patented a tiny Thermal Chip that can convert heat directly to electricity much more efficiently than ever before (or in reverse mode the Thermal Chip can provide efficient refrigeration when electricity is applied). Approximately the diameter of the top of a pencil and the thickness of a table knife the Thermal Chip can generate more than 20 amps of current when heat is applied to one side. The technology is readily scaleable, and by sandwiching Chips together it will be possible to generate vast amounts of electrical power from any heat source up to 600o C. The ENECO technology produces clean, environmentally friendly power with no harmful omissions. |
