GDT TEK, a publicly traded company focused on renewable and sustainable energy technologies, announced it is foraying into the green technology market by acquiring the license rights to produce electricity through renewable heat sources.
The company signed a Memorandum of Understanding or "MOU" to acquire the Exclusive Licensing Rights for deploying a patented technology that generates electricity utilizing a low temperature heat source to power the electrical generators connected to the Electrical Grid.
The MOU agreements will support GDT TEK with an Exclusive World Wide Agreement (with the exception of South Korea) to utilize patented technology that uses Waste Heat for Electric Power Generation. The Licensor also has several Power Purchase Agreements or "PPAs" that will finally be assigned to GDT TEK.
These power contracts require the deployment of the renewable technology supplying electricity back to the Electrical grid system, company officials said.
The Waste Heat Electric Power Generation Technology is a Green Technology because the equipment does not use fuel to power the equipment to create electricity, but it uses only heat. This equipment can also use heat from the sun to make electricity using Concentrating Solar Panels providing heat utilized in the process.
Based in Orlando, Florida, GDT TEK is focused on renewable and sustainable energy technologies. Its mission is to use Green Technology to conserve the natural environment and resources in order to curb the negative impacts of humans on the environment.
In June GDT TEK announced that it has wholly acquired 100 percent of RTR Global Investments, LLC along with the acquisition RTR's first Power Purchase Agreement or "PPA" from Pacific Gas and Electric Company or "PG&E."
The PPA details that PG&E will purchase all electricity produced by GDT TEK's subsidiary LLC up to 1.5 Megawatt at GDT TEK's installation at the Milpitas California Landfill at 1600 Dixon Landing, according to the announcement.
Company officials said GDT TEK will achieve its goal with the patented 'Waste Heat to Electric Power Generation Technology' to produce Renewable Energy. The company is driving the adoption of the technology by power plants, landfills and other waste-heat generating industries.
"With an Exclusive license in place and contracts already available for deployment, GDT TEK will truly hit the ground running using this Green Technology," according to company officials.
GDT TEK's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, when installed under a Power Purchase Agreement and are scalable with system sizes from 150 kW to 5000 kW currently available, the company said.
Rajani Baburajan is a contributing editor for IoTevolutionworld. To read more of Rajani's articles, please visit her columnist page.Edited by
Erin Monda
