A New Zealand company that has developed an energy “miracle” to solve the world’s climate change problems is seeking investors to commercialise the product.
Christchurch-based IndraNet Technologies (IndraNet) is seeking six million dollars from investors to commercialise its revolutionary nGen Systems that will see businesses and individuals reach 100 percent solar sustainability at costs lower than current electricity prices without government subsidies, carbon taxes or tradable carbon credits.
nGen Systems aim to deliver on their premises the energy streams that customers require, including electricity, process heat, hot water, air conditioning, chilling, freezing, recycling waste heat, and grey water, with energy storage as an option where required. nGen Systems are intended to be deployed stand-alone or integrated to power grids to form highly distributed Intelligent Power Networks in the longer run.
“We are confident to deliver Sustainable Energy Services, based on our nGen Systems that will be competitive with fossil fuel based legacy energy services and at costs that will be a lot lower than electricity generated with other renewable energy technologies.” says Mr Fitts.
“Applications include industrial site, commercial centres, hospitals, schools, "green" sustainable buildings, residential homes, and eventually transport (by retrofitting compact nGen Systems to existing vehicles),” says Mr Fitts.
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