Being scalable from a tiny couple to a huge generator means that there are a wide range of potential markets for us to explore. Although the current focus is portable power and industrial waste heat recovery, we're always happy to explore other areas.
Which markets present an opportunity for our technology?
We have identified numerous unfulfilled market needs for energy conversion, where current technologies have been unable to provide commercially viable solutions.
In essence, MicroPower provides a disruptive technology that greatly expands the capabilities of thermoelectrics by delivering efficiencies and cost-effectiveness that haven’t been possible previously, and creating entirely new market applications, from portable power solutions for troops in the field and others without access to grid power, to improving the efficiency of industrial plants.
At the same time, we believe it’s a particularly opportune moment to be introducing our technology given widespread concern about global warming caused by increasing amounts of carbon and other toxic emissions and the earth’s decreasing capacity to absorb them.
Whether or not such sentiments are justified, the fact remains that the search for cleaner, more dependable, more efficient forms of energy is gaining momentum.
While renewable forms of energy production will hopefully provide a long-term solution, they remain decades away from becoming our main source of energy, meaning that our reliance on fossil fuels looks set to continue for the foreseeable future. Wouldn’t it be nice if we could find a way to stretch those limited resources a little longer by making their use more efficient?
Indeed, various incentives are emerging globally to encourage industry to become cleaner and more energy efficient, all of which help create a more receptive environment for our technology.
On top of that, MicroPower’s technology is also able to thrive upon new heat sources and processes designed for the future, such as solar-thermal energy, pyrolysis, fuel cells and LENR technologies.
Industrial Waste Heat Recovery
Numerous industrial processes produce large quantities of heat that is wasted - some of this can be converted into electricity by using waste heat recovery systems based on our technology.
Consumer & Humanitarian
Installing MicroPower modules in the base of a cooking pot means you can generate power while you boil water, delivering electricity and clean water to the millions of people without access to either.
Our technology is capable of operating in conjunction with new heat sources and processes designed for the future, such as solar-thermal energy, pyrolysis, fuel cells, nuclear power and LENR.
We are working closely with the US Army to deliver portable power devices for troops in the field, as well as high-efficiency thermoelectric applications for the US Navy & Special Forces.
Cars, trucks, planes and ships all waste incredible amounts of energy in the form of heat lost through the exhaust. These markets are long-term targets due to the cost and regulatory requirements.
MicroPower’s product roadmap includes plans to enter the cooling markets in the years to come. However, with potential strategic partnerships, it is possible that these plans may be accelerated.