GasDecEngine Technology AS seeks crowdfunding to help finance a market prototype of its energy generation machines.
NORWAY—A cheaper and cleaner energy source is something every homeowner and business owner desires, and Norwegian startup GasDecEngine Technology AS (GDE) has developed a product to meet the demand. GDE's micro-combined heat and power (micro CHP) steam engines provide efficient energy on location with fewer emissions. GDE has launched a crowdfunding campaign to raise $150,000 by August 3 to combine with a $180,000 government grant to build a market prototype.
The revolutionary design of the micro CHP will allow small businesses and homes to lower their energy costs, as well as their emissions and even enable them to generate a profit from the energy they produce. "We will serve an international market with our two design patents," said CEO and Cofounder Heiko Beilfuss. "Micro CHPs are perfect substitutes for the millions of boilers Europe replaces each year."
Rather than piping energy through electrical grids, which lose energy during transference, micro CHPs are placed on location and both create energy and capture their own exhaust to use as a heat source. "Our generators use fossil fuels 30 percent more efficiently than our competitors," said Beilfuss. "We are the hybrid vehicle – the Toyota Prius – of energy generators." In addition to creating energy efficiently, micro CHPs also produce excess electricity, which can be sold back to electricity providers in many markets.
The crowdfunding campaign will help build a demo CHP expected to be ready for public presentation by June 2015, and contributors will receive perks. Contributors giving $249 will receive parts needed to build a miniature mechanism of the CHP engine. Those giving $789 will receive three-dimensional and two-dimensional drawings and a license to build their own CHP engine. Those giving $4,479 will be considered an early adopter and receive a complete set of parts to build their own GDE micro-CHP engine and the rights to use the engine however they wish.
Contributors giving $9,200 will receive a fully assembled engine based on the prototype, which has the capacity to three kilowatts of electrical power and 17 kilowatts of heat. Supporters giving $25,000 will receive a copy of the fully functional and tested micro-CHP.
About GasDecEngine Technology AS
GasDecEngine Technology AS (GDE) is a Norwegian startup that develops, creates, and sells micro-combined heat and power (micro CHP) steam engines.The company's patented technology makes its product at least 30 percent more mechanical efficient than its competitors. Its micro CHPs helps homeowners, businesses, and governments to reduce fuel costs, avoid high-emission technology taxes, and prevent climate change. For more information, visit www.GDETech.no. To contribute to the company's crowdfunding campaign, visit igg.me/at/gdetech/x.