“We are excited that PSI’s Turbine Warming System has advanced in the Cleantech Challenge Mexico 2016 competition. This efficient technology offers generators significant financial and operational value.” – Lyman Wilkes, SVP, Energy Asset Optimization
(PRWEB) August 10, 2016
Physical Systems Integration (PSI), along with partner Biosolventus, Inc., advance to the semi-final round of Cleantech Challenge Mexico (CTCM) 2016 – part of Global Cleantech Challenge, an international competition that promotes the internationalization of, and investment in, clean technology companies. Winning companies must demonstrate how their clean technology minimizes the impact on Mexico’s environment. PSI’s Turbine Warming System - comprised of turbine warming blankets and control systems – reduces warm turbine startup times by nearly 50% and eliminates cold starts altogether – thus supporting the sustainability goals of the Mexican energy industry by reducing turbine fuel burn and emissions – an exciting value proposition for power generators participating in the newly created, competitive spot market. Cleantech Challenge Mexico 2016 winners compete for private equity investment up to $30M USD along with IP protection, licensing, and marketing mentorship. Final winners will be announced in September, 2016.
“We are excited that Physical Systems Integration, Inc. (PSI), together with our partner, Bisolventus, Inc. – a provider of turbine warming systems globally – have been selected to advance to the semi-final round of the Cleantech Challenge Mexico competition in Mexico City for our Turbine Warming System, (TWS)” says Lyman Wilkes, SVP, Energy Asset Optimization for PSI.
“The global Steam Turbine Generation market is expected to reach $192 B by 2020 with a CAGR of 4.89%,” notes Toralf Hey of Biosolventus. “Turbine warming blankets and control systems reduce warm turbine startup times by nearly 50% and eliminate cold starts altogether – an exciting value proposition for power generators participating in the newly created, competitive spot market in Mexico. Also, the reduction in start times has a significant impact on fuel burn and an associated reduction in emissions, thus complying with the goals of the reform of the Mexican energy industry.”
A turbine warming system is a cost-effective way to alleviate many of the heat stresses and metal fatigue associated with generator cycling. A turbine warming system will maintain a uniform temperature gradient across the Steam Turbine vessel – alleviating component damage that occurs with differential expansion.
“PSI is excited to be part of such a prestigious competition,” notes Lyman Wilkes. “Cleantech Challenge Mexico competitions have resulted in the creation of 381 companies and generated 5300 new jobs over the past six years.”
Ten finalists will be chosen to compete in the Final Pitch to be held in Merida, Yucatan in September.
CLEANTECH CHALLENGE MEXICO 2016
Cleantech Challenge Mexico (CTCM) is a part of Global Cleantech Challenge, an international competition that promotes the internationalization of, and investment in, clean technology companies.
For seven years, Cleantech Challenge Mexico, supported by companies such as Banamex, AeroMexico, GreenMomentum, and ModuleSolar and multiple universities throughout Mexico, has identified the best clean technology ideas and systems within Mexico.
Winning companies must demonstrate how the technology minimizes the impact on the environment and has the potential to develop into a commercial enterprise. Winners have the opportunity to receive private equity investment up to $30M USD along with IP protection, licensing, and marketing mentorship.
Physical Systems Integration, Inc. (PSI) is a leading provider of Merchant and Asset Management software and services for the wholesale power and gas industries including Generation Owners and Operators, Transmission Operators, IOUs, MUNIs, and COOPs.
Formed in 2002 by information technology professionals to address the needs of energy companies to manage physical assets, PSI’s software products and services are designed to minimize or eliminate day-to-day manual tasks and allow staff to concentrate on adding value to your business. http://psipower.com/TurbineWarming.html
Physical Systems Integration
Biosolventus delivers market execution services, data analysis and optimization solutions for electricity consumers and generators in Mexico, serving mid-sized to large private as well as public clients. We help our clients to successfully forecast and trade renewable energy resources, commercially optimizing load and generation capacities.
The Biosolventus team has over 40 years of combined experience in the electricity and natural gas markets in Europe and North America, most recently having contributed to the successful creation and sale of a 4,000 GWh renewable electricity supply & trading venture in Germany. http://www.biosolventus.com
Biosolventus S. de R.L. de C.V.
+52 1 81 1575 3033