THE BOURSE WHISPERER: Enerji Limited (ASX:ERJ) has completed the final installation and construction of a waste heat to power system (WHPS) at the Carnarvon power station.
Enerji Limited is a Perth-based clean power company focussed on delivering waste heat to power systems, based on the Opcon Powerbox cogeneration technology, which transforms waste heat into electricity.
The company claims this technology creates energy cost savings and reduced CO2 emissions for its customers.
Enerji has installed and tested modified heat exchanger manifolds on the Opcon Powerbox WHPS at the Carnarvon site, marking the end of installation and construction phase.
The company explained that Opcon engineers had arrived on site in Carnarvon to begin the final phase of commissioning.
Enerji said it expects first power will be generated in approximately seven to fourteen days.
“This kicks off the beginning of a busy period of milestones for Enerji as our maiden project comes online,” Enerji chief executive officer Greg Pennefather said in the company’s announcement to the Australian Securities Exchange.
“We are looking forward to turning the corner to becoming a revenue generating company with the ability to return value to our shareholders.
“The Carnarvon system in operation will provide a vitally important reference site for other potential customers.
“It will prove the technology in a warmer climate and substantially de-risk the decision making for many of the companies we are actively engaged with.”
Enerji outlined its business model to be to generate revenue from the installation of the WHPS through long-term power purchase agreements.
The company has recently received a purchase order for installation preparation of a WHPS from a second offgrid mining customer and claims to have a pipeline of other potential new customers at mine and remote town sites across Australia.
The Opcon Powerbox is a Swedish designed and manufactured WHPS incorporating a twin-screw Lysholm turbine that generates electrical power using heat captured as a by-product of fossil fuel combustion or other industrial heat sources.