Award to be Announced at World Economic Forum in Davos, Switzerland
Ener-Core’s Power Oxidizer Technology Cited as a “Ground Breaking” Solution for the World’s
Methane Pollution Problem
IRVINE, CA- Jan. 23, 2015 – Ener-Core, Inc. (OTCQB: ENCR), the world’s only provider of Power Oxidation technology and equipment that generates clean power from low-quality waste gases from a wide variety of industries, has won the 2014 New Economy Award for Best Air and Environment Solutions which recognizes forerunners in the clean tech and renewable energy sectors.
“We are honored to accept this award and pleased to be recognized for our work in establishing a solution to the world’s methane pollution problem,” said Ener-Core CEO Alain Castro. “Ener-Core’s Power Oxidizer attacks air pollution at the source by turning low-quality methane into clean, base-load energy. Our solution empowers our customers to create significant operating efficiencies where they would otherwise find capital loss due to costly environmental regulations. We’re the first to develop this type of technology and we may just be the first truly profitable, ‘always on’ source of clean energy, and the market is starting to take notice. Just last week, Pacific Ethanol entered into a sizable contract with Dresser-Rand for two 1.75MW gas turbines which utilizes Ener-Core technology to convert their waste gases into on-site power for the ethanol plant.”
“Ener-Core stuck out head and shoulders above other nominees,” noted Michael Wearing of the New Economy. “It provides a compelling value proposition to industrial companies as it curbs greenhouse gas emissions while enabling an attractive return on investment. Ener-Core’s solution has already been deployed commercially, and the company is now ramping up with established multi-national corporate partners, signaling tremendous progress in addressing a critical issue that industry faces in eliminating one of the worst contributors to climate change.”
A video of Ener-Core Chairman Michael Hammons and CEO Alain Castro accepting the award at the London Stock Exchange can be viewed here: http://www.theneweconomy.com/technology/ener-core-our-groundbreaking-technology-has-found-a-way-to-supercharge-mother-nature-video. Ener-Core and other winners of the New Economy Awards including Chevy North America, Carnival Cruise Lines, BMW, Samsung and Apple will be recognized for their achievements at the World Economic Forum in Davos, Switzerland this week as the New Economy Awards Magazine, 2014 edition is unveiled at the annual meeting of global economic leaders. For more information, visit: http://www.theneweconomy.com/awards/2014. The New Economy also ran an extensive article on Ener-Core in its online edition outlining its technology and why the company was chosen for the award. That article can be found here: http://www.theneweconomy.com/business/ener-cores-groundbreaking-technology-shakes-up-the-energy-market.
Methane (CH4) is the second most prevalent greenhouse gas emitted in the United States from human activities. In 2012, CH4 accounted for about 9% of all U.S. greenhouse gases. According to the US EPA, the comparative impact of CH4 on climate change is over 20 times greater than CO2 over a 100-year period. Government regulation of methane emissions is making it increasingly costly for many industries to flare off waste gases, which are produced as a by-product to industrial processes, and current power technologies cannot operate on such low quality gases as a fuel. Ener-Core’s Power Oxidizer essentially supercharges Mother Nature by speeding up the naturally occurring oxidation of waste gas, enabling customers to convert low quality gas like methane into a fuel capable of powering a gas turbine.
Irvine, California-based Ener-Core, Inc. (OTCBB: ENCR) designs and manufactures unique and innovative systems that generate base load, clean power from a broad range of previously unusable waste gasses including methane. Ener-Core’s patented Power Oxidizer is the only solution of its kind that turns one of the world’s most potent sources of pollution into a profitable, “always on” source of clean energy that can be used on site or sold to the grid.
Ener-Core’s technology offers a revolutionary alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and ensuring compliance with costly environmental regulations.
Ener-Core works with factories, landfills, coalmines, oil fields, oil refineries, distilleries and other industries that flare or vent methane gas, especially “ultra-low-Btu gas.” Ener-Core offers a variety of platforms including the 250kW Ener-Core Powerstation EC250 (“EC250”), and its larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/GO. We partner with leading rotating equipment and turbine companies like Dresser Rand and Flex Energy to offer total energy solutions to our customers.