CLIMEON received Frost & Sullivan’s “Technology Innovation Award” at the “Excellence in Best Practice Award Banquet” hosted by the market intelligence firm in Frankfurt at the end of 2015. Frost and Sullivan also released a report on marine waste heat recovery solutions, rating Climeon as #1 with a scoring of 9.2 (excellent) on a scale from 1-10.
In the report Frost & Sullivan concludes that the technology “provides customers with superior operating efficiency“ and that Climeon delivers “a high return on investment” to its customers.
In its conclusion Frost & Sullivan also states that it “…fully expect[s] this system to take off within the marine industry”, citing benefits such as up to 14% efficiency; typically, around ~5% fuel savings for marine installations; around ~5% CO2 reductions; suitability for all ships with >5MW engines; and the fact that it is designed for new-build as well as retrofit
Climeon Ocean is a system that converts hot water between 70-120ºC into 100% clean electricity. The system is scalable from 150 kW up to 1 MW. Each unit can help customers reduce CO2 emissions up to 5 000 metric tons per year.
“No commercially available technology can convert water at 90ºC to electricity with reasonable efficiency but the Climeon system exceeds 50 percent of the theoretical maximum of 18 percent,” said Krishna Venkataramani, Frost & Sullivan Senior Research Analyst
The firm places the comment in context: “With its record high efficiency and compact design, the solution does this at a cost typically lower than traditional energy sources, such as coal and oil. As a consequence, this clean electricity source becomes a true alternative energy source with a potential to significantly impact global CO2 emissions.