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!
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!
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.
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.
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.