W2 Energy Delivers AzRISE Engine System
GUELPH, Ontario, April 21, 2011 /PRNewswire/ — W2 Energy, Inc. (OTC:WTWO) is pleased to announce that it has shipped the NT Plasmatron system to The Arizona Research Institute for Solar Energy (AzRISE, www.azrise.org) with an expected delivery date of April 28.
The NT Plasmatron system when combined with compressed air tanks will be the world’s first example of an AESUS system, which stands for Advanced Energy Storage and Utilization System.
AESUS systems are necessary because renewable energy sources need to cost-effectively store electricity during peak production and release it during peak usage. The amounts of energy are too large for conventional batteries, and alternative forms of energy storage such as phase change salts, water tanks and pressurized air alone have not been proven to be effective.
AESUS systems using the NT Plasmatron and SteamRay bring a new approach. During peak production, electric motors will fill tanks with pressurized air; when the energy is required, pressurized air will be released, combined with water vapor and a small amount of natural gas and gasified in the NT Plasmatron. The resulting syngas will combust, with the resulting high-temperature high-pressure gas driving the SteamRay and generating electricity at a high-efficiency with a low cost per stored kilowatt-hour.
“The AESUS system will revolutionize large-scale power production and storage,” says Mike McLaren, President and CEO of W2 Energy. “It will help renewable energy producers to compete with conventional sources. AESUS will also help large-scale consumers of electricity to buy electricity at off-peak rates and then use it during peak hours.”
AzRISE, a global institute at the University of Arizona, creates multi-disciplinary partnerships that integrate research, economics and education. Spanning academia, industry and government, these partnerships are creating the solar energy innovations essential to securing a sustainable future. The Institute was created in 2007 to provide the leadership for selecting strategic directions for research, development and analysis, for enabling the formation of strategic teams and for guiding activities that will accelerate the adoption and deployment of solar energy in the state, nation and world.
W2 Energy trades in the United States on the OTC market under the symbol “WTWO.” For further information, please contact Mike McLaren at 1-(519)-341-4776 or go to www.w2energy.com
Note: Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in reports and filings with regulatory bodies.
SOURCE W2 Energy, Inc.