Business
PwrCor to Deliver its First Geothermal Powered Engine
PwrCor to Deliver its First Geothermal Powered Engine.
About this update from Pwrcor, Inc.
[{"type":"text","content":"\n\n NEW YORK, Jan. 09, 2018 (GLOBE NEWSWIRE) -- PwrCor, Inc. (OTCQB:PWCO), a cleantech energy technology company launching advanced and disruptive solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, today announced that the manufacture, initial testing, and trial runs of its first engine have been completed successfully. \n The engine is built to operate using ultra-low-grade heat from a geothermal source. This marks a key milestone to provide clean, “green” electrical power to the Surprise Valley Hot Springs Resort in Modoc County, CA. The engine was designed and constructed at Southwest Research Institute in San Antonio, Texas, and is the first of its kind that deploys the Company’s proprietary technology. The engine is continuing to go through the Company’s rigorous preparatory testing regimen before its scheduled shipment to California later this month. PwrCor’s technology represents the ability to cost effectively convert ultra-low-grade heat to power and is the breakthrough that the geothermal and waste heat industries have been seeking.  The Company expects to release testing data in the near future that will illustrate the potential of the technology; however, preliminary results meet or exceed expectations. PwrCor will be paid directly by Modoc County from funding that was arranged via a grant from the California Energy Commission.  The mission of the California Energy Commission includes supporting the use of alternative energy sources, which the PwrCorTM technology will help accomplish.  Once the installation is completed, the Surprise Valley Hot Springs Resort is expected to no longer rely solely on utility power. Chester Robertson, County Administrative Officer, stated “Modoc County has abundant geothermal resources, including above surface low temperature reservoirs. The County seeks to be a leader in application of new technologies for geothermal energy, and is excited to have the initial installation using PwrCor's unit in a geothermal application. It will enable clean electrical power generation from existing surface waters at a site where there has historically been only direct heat utilization.  The technology will be applied at a scale that promotes distributed electrical energy with minimal site disturbance and capit...