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Clean Plasma Energy Technology

John Kazan Tue, 2010-06-01 10:38

John Kazan · Tue, 06/01/2010 - 10:38

Business

Business Overview: 

Plasma Energy Technologies is a corporation located in Silicon Valley that has developed a working prototype of a clean, safe, plasma energy technology with the potential to generate electric power for less than 2 cents per kilowatt hour – even cheaper than coal and without all of the related environmental concerns!

Project Type: 
Industry: 
Project Location: 
San Jose, CA, 95112
United States
Services Desired: 
Accounting
What is the Customer Pain that you are solving?: 

To reduce emissions by using clean, safe, plasma energy technology with the potential to generate electric power for less than 2 cents per kilowatt hour – even cheaper than coal and without all of the related environmental concerns!

Technology

Describe in detail the technology used in the Project - Address the innovation in significant detail : 

The Company has accumulated a wealth of intellectual property relating to the technology, which consists of two core elements:

(i) A gas that, when excited into a plasma, gives off enormous amounts of energy that can be harnessed directly as electric current and indirectly via kinetic energy to turn a power generator, and

(ii) A sealed reaction chamber, within which the gas is excited to generate the energetic plasma.

The Plasma Chamber is similar in size and weight to a standard combustion engine, but is unique in several respects:

(i) The same fuel is reused during each successive cycle
(ii) No exhaust or cooling systems are required
(iii) It can operate at low pressure and temperature
(iv) It can operate at speeds as low as 100 RPM
(v) Noise levels are very low
(vi) There is a very high Torque/RPM ratio.

What, if anything, has been proven (and how far is this from a commercial scale)? : 

The Company is in discussions with a number large energy companies which involve the delivery of power generating units up to 100MW capacity to be used within power generating stations. The intention is to earn multi-year revenue streams from the associated long term power take-up contracts. The company will also license the technology where appropriate.

The Company intends to seek a public listing for its own shares within 24-36 months and the company expects to generate its first JV-related revenues within the next 12 months.

Team

Financials

Amount Sought: 
$2,000,000
If raising funds, what shall the funds be used for?: 

The Company is now raising $2 million complete its prototyping work and prepare for a much larger institutional financing round to industrialize the technology and create a substantial library of core IP.

Funding Received to Date: 
$10,000,000
Funding Stage: 
Pre-Revenue

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