HARTFORD, Conn., June 11 /PRNewswire-FirstCall/ -- The National Energy
Resources Organization (NERO) last night presented its 2008 annual
Innovation Award to UTC Power for its PureCycle(R) system, an advance in
geothermal energy production that taps significant, previously unusable
geothermal reserves for domestic, renewable, and continuously available
power. UTC Power is a United Technologies Corp. (NYSE: UTX) company.
The NERO Innovation Award recognizes significant technology innovations
that provide for cleaner and more affordable production, distribution or
use of energy.
Accepting the award for UTC Power at the 2008 dinner in Washington
D.C., Ken Fox, Vice President Onsite Power Solutions said, "We are
delighted that NERO has chosen to honor the PureCycle(R) system. This
innovative low-temperature technology will tap previously uneconomical
geothermal energy resources around the globe for a cleaner, more secure
energy future. It utilizes heat from the earth and is the most dependable
form of free fuel and the most constant source of renewable energy
available today."
The PureCycle(R) geothermal system results from more than six years of
research and development work involving UTC Power, United Technologies
Research Center and the U.S. Department of Energy. The organic Rankine
cycle-based power system is an advanced binary cycle system, driven by a
simple evaporation process. It is entirely enclosed, and produces no
emissions. The PureCycle(R) system's only byproduct is electricity, and its
"fuel" -- geothermal hot water -- is a renewable resource.
PureCycle(R) geothermal systems have been in operation since 2006 at
Chena Hot Springs Resort in Alaska, as a U.S. Department of Energy
Geothermal Technologies demonstration project. Chena Hot Springs Resort is
the first geothermal project in Alaska and the lowest temperature
geothermal resource (165° F) in the world ever used for commercial power
generation. Raser Technologies has ordered 200 PureCycle(R) systems that
will have the capability to generate approximately 40 to 45 megawatts (MW)
of renewable electrical power.
The PureCycle(R) system and the Chena project have attracted world-wide
attention and have been honored with a U.S. Environmental Protection Agency
and Department of Energy 2006 National Green Power Award for on-site
generation; Power Engineering magazine named it the 2006
Renewable/Sustainable Energy Project of the Year; and the PureCycle(R)
system was recognized by R&D Magazine as one of the 100 most
technologically significant products introduced during 2007.
UTC Power is the world leader in developing and producing fuel cells
for on-site power, transportation, space and defense applications, as well
as a leader in innovative, renewable energy solutions and combined cooling,
heating and power solutions for the distributed energy market.
United Technologies Corporation (UTC) is a diversified company that
provides high technology products and services to the aerospace and
commercial building industries worldwide. UTC's products include Carrier
heating, air conditioning and refrigeration equipment; Hamilton Sundstrand
aerospace systems and industrial products; Otis elevators and escalators;
Pratt & Whitney aircraft engines and power systems; Sikorsky helicopters;
UTC Fire & Security systems; and UTC Power fuel cells and onsite power
solutions. UTC is a Fortune 50 company and a component of the Dow Jones
Industrial Average index.
Contact: Kate Robins, UTC
(860) 728-7980
SOURCE United Technologies Corporation
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Related links:
http://www.utc.com
http://www.prnewswire.com/comp/913919.html /
CONTACT:
Kate Robins of UTC, +1-860-728-7980
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