Berken uses waste heat for electricity (New Mexico)
A homegrown technology from Roswell could substantially boost energy savings at industrial complexes worldwide.
Berken Energy LLC has developed a new thermo-electric device that it says efficiently turns heat into electricity. The generators are about the size of a mini van and can generate up to 1 megawatt of electricity from waste heat at industrial sites, such as oil and gas operations, said President Ken Newman.
The company presented at Technology Ventures Corp.’s Equity Capital Symposium in May to raise $12 million in venture funding. It has $2 million in private equity commitments and is now building its first machines to fill $2 million in orders from two energy operators.
“We have two companies that have signed contracts for generators, and we have more than a dozen large firms that want to buy units,” Newman said.
The generators can be scaled up or down for different applications. The U.S. Department of Defense asked Berken to provide a small unit for testing on drones. The generator would capture waste heat and then use the electricity to keep the vehicles running, Newman said.
Berken’s technology is attracting international attention, in part because the southeastern New Mexico firm established a partnership with Science Applications International Corp. (SAIC), a Fortune 500 engineering and technology company with $11 billion in annual revenue. SAIC wants to distribute Berken’s generators to industrial operators, said Joseph Vilella, managing director for critical infrastructure solutions.
Read the full story in the New Mexico Business Weekly.
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