Energy generation: Converting low temperature heat to electricity by Climeon
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- Supplying Energy
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- Energy generation: Converting low temperature heat to electricity by Climeon
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Climeon Ocean can be connected to any heat source ranging from power plants, geothermal, solar heat and industrial waste to large engines, thus making the addressable market virtually unlimited. And Climeon’s solution produces electricity at a cost significantly lower than traditional energy sources. For Climeon Ocean the environmental payback time, the time it takes to save the same amount of CO2 emitted when producing the machine, is only 15 days. If this innovation could penetrate markets to use 10 percent of waste heat from industries and merchant ships, it would save 21.6 million tons of CO2 emissions annually by the year 2026.
“Business for a better world,” is the company’s tagline. This holds true for its first big customer: Viking Line, the Finnish shipping company that operates a fleet of ferries and cruise ships. The vessel Viking Grace operates the Climeon Ocean solution. During the evaluation phase, Climeon’s system delivered even higher environmental and energy savings than expected. Thanks to that success, Viking Line will now include Climeon Ocean in each new vessel designed. Recently Italian company Fincantieri, one of the world’s largest ship builders, also placed an order purchasing 18 Climeon Ocean modules which will be installed on its upcoming cruise ships.
Thomas Öström is the co-founder, CEO and board member of Climeon. His team includes Executive Vice President David Ekberg, co-founder and CTO Joachim Karthäuser, Head of Strategy and Business Development Pernilla Wihlborg and 27 highly qualified engineers and sales people supported by a network of academic and governmental cooperation.
“We have reached a tipping point with green energy at a cost lower than traditional energy sources. Our solution is significantly more cost-efficient than fossil fueled electricity, and thus becomes one of the most efficient ways to reduce CO2 emissions.” Thomas Öström, CEO, Contact +46 76 05 23 295
Climeon develops and sells machines for converting low-temperature heat to electricity, effectively replacing fossil fuel. Headquartered in Stockholm, Sweden, the privately-held company has an ambition to become the world’s leading supplier of heat power and clean energy solutions.
The climate innovation:
If this innovation could penetrate markets to use 10 percent of waste heat from industries and merchant ships, it would save 21.6 million tons of CO2 emissions annually by the year 2026.
Thomas Öström, CEO