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Gold/Mining/Energy : Alter NRG

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From: TheSlowLane	8/10/2012 1:47:07 PM
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Fuel Cell Demonstration Facility at 50 MW Plasma Gasification Plant 10 August 2012 Waste2Tricity, a London based company which is developing ways to increase the efficiency of waste to energy technology through the use of fuel cells, to develop a demonstration plant at the Products (NYSE: APD) 50 MW plasma gasification on Teesside, which is due to enter service in 2014. Waste2Tricity said that it was from introducing this project that it received a £1 million seed capital loan from AFC Energy (AIM : AFC) - a developer of low-cost alkaline fuel cell technology - in March this year. In part the company used the capital for the initial payment to acquire exclusive UK deployment rights for AFC Energy alkaline fuel cells. Waste2Tricity said that it will continue to work with Air Products in identifying sites for future development and is also actively pursuing smaller scale waste to energy projects of around 12 MW and 80,000 tonne per year capacity. The company said that the use of Westinghouse plasma gasification technology supplied by AlterNRG (TSX: NRG and OTCQX: ANRGF) demonstrates to the market Air Products confidence in the technology. Waste2Tricity said that it is working to integrate AFC Energy's new generation alkaline fuel cell with Westinghouse plasma gasification for its future projects. According to the company the benefits of this unique combination will increase electrical output by 50% for the same feedstock input - for no significant additional capital expenditure per MW than gas engines and with a lower projected operating expenditure. The company said that it expects to have demonstrated this combination of technologies at commercial scale by 2016. Waste2Tricity added that it sees this as the first step in bridging the funding gap for the technology, allowing it to plan the deployment of AFC Energy fuel cells and demonstrate a commercial model both more profitable and with greener credentials than anything currently available on the market. waste-management-world.com

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