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DOWN UNDER, CLEAN ENERGY IS HARNESSED FROM OUR WASTE

US 247Solar, Inc. and Australian Advanced Energy Tech Announce Methane, Solid Waste, and Clean Power Breakthrough

Methane reduction, solid waste repurposing, and clean power generation all got a boost this week when US-based 247Solar Inc. and Australia’s Advanced Energy Tech Pty Ltd (AET) announced an agreement to integrate their technologies.

Methane reduction

In line with the Global Methane Pledge announced at the recent COP26 summit in Glasgow, Scotland, the combined system is the world’s first that eliminates methane leaks from landfills by repurposing solid waste into carbon-free electricity and useful products. One of the largest of these breakthrough systems alone could repurpose as much as 50,000 tons of waste per year, equivalent to removing more than 16,000 cars from the roads. Customers can add as many systems to their operations as required.

The first commercial-scale system will be built at the Pyramid Hill landfill in Victoria, AU, and operational in 2022. Energy from this new source will provide a new revenue stream for landfill owners, and enhanced repurposing will extend the operational lives of the landfills and allow landfill sites to adapt to a more sustainable operating model. The near-term addressable market is more than 1,300 municipal landfills in Australia alone.

“Partnering with AET to offer municipalities a new waste management system that eliminates future methane leaks and provides zero-carbon electricity is a big win for climate change solutions in Australia and the world. Partnerships like this reinforce the 247Solar mission to bring exceptional zero-carbon energy solutions to the fight against climate change,” said Bruce Anderson, 247Solar CEO.

CEO of Advanced Energy Tech Adam Riley said, “We are very pleased our companies are working together to solve some of the biggest environmental issues we currently face. The integration of these two technologies sets a strong foundation for building our partnership into the future.”

Waste repurposing

AET’s waste to resource systems expand the types of materials that can be repurposed by reforming waste that otherwise would result in landfill into valuable products like engineered rock for the construction industry, biochar for agri-business, and more. Their systems operate alongside existing waste and recycling services and add value to current recycling streams by repurposing what has previously been considered problematic waste into usable products and energy.

Carbon-free electricity

In the combined solution, clean hot exhaust from AET’s thermal process is converted directly into zero-carbon electricity by 247Solar’s revolutionary Heat2Power™ turbine — the first-ever commercial turbine able to produce power directly from ambient-pressure hot air without combustion or emissions. Electricity generated in this way can be used to power industrial applications or be sold to the local grid. The turbine is manufactured under license by Capstone Green Energy® [NASDAQ: CGRN]

Capstone's highly efficient microturbine technology is at the heart of the pre-engineered Heat2Power™ solution. Two C200 microturbines are part of a breakthrough renewable energy solution with no carbon or criteria pollutant emissions. The turbine’s technology is extremely low maintenance, requiring only 4 to 6 hours of maintenance a year. This equates to high overall system availability and aligns with the overall objective of providing renewable power, 24/7/365.

About 247Solar

247Solar, Inc., with origins at the Massachusetts Institute of Technology (MIT) and with funding support from the US Department of Energy, is commercializing multiple breakthrough inventions that aid in the world’s race towards climate change solutions. Together, the 247Solar products and solutions, and technology break the ceiling with a new Ultra-High-Temperature Solar Technology Platform. These technologies can be combined in a variety of ways with diverse applications. These applications include:

  • Overnight battery storage for grids with 24/7 dispatchability
  • 24/7 dispatchable, zero-carbon electricity and heat
  • Converting waste heat from industrial processes, such as AET’s gasification system, to electricity without emissions

247Solar technologies are modular, scalable, factory-produced, and easily incorporated into a variety of business models and revenue streams.

Visit: 247solar.com

About Advanced Energy Tech

Advanced Energy Tech (AET) is an Australian Engineering, Procurement, and Construction company specializing in waste-to-resources systems. The systems are comprised of innovative modular technologies from partner suppliers that are integrated and then deployed, operated, and maintained by AET at landfill and disposal sites.

Benefits of AET’s systems include:

  • Recovery of recyclable materials
  • Repurposing of non-recyclable materials
  • Alternative energy production
  • Reduced carbon emissions from landfills

AET’s systems alleviate the impacts that waste and over-reliance on natural resources are having on the environment and contribute to the remediation, improvement, and protection of the natural environment without shifting the burden to other parties.

Visit: advancedenergytech.com.au

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee lifecycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Contact information

247Solar

Email: info@247solar.com
Twitter: twitter.com/24_7solar
Linkedin: www.linkedin.com/company/247solar/
Website: www.247solar.com/

AET

Email: admin@advancedenergytech.com.au
Website: advancedenergytech.com.au


For more information, please contact:

Bruce N. Anderson, CEO
617-290-9913
Bruce.Anderson@247solar.com