In addition, depending on the number of MTPV devices employed, the power output from the platform can generate multiple megawatts of electricity to create significant energy savings.
MTPV is honored to receive Frost & Sullivans Technology Leadership Award for Global Waste Heat Recovery Solutions said David Mather, President & CEO of MTPV Power Corporation.
MTPVs EBLADE Power Platform is suitable for a spectrum of industries that would benefit from high-temperature waste heat recovery, such as glass, steel, and flaring from landfills, as well as refinery processes and drilling operations.
MTPV Power said in a statement today that Northwater's Intellectual Property Fund, Total Energy Ventures, chemicals maker Saudi Basic Industries Corp (SABIC) and US venture debt firm Point Financial LLC have invested as part of the funding round.
MTPV is engaged in the development of semiconductor chips that convert heat directly into electricity.