Opcon, Tricorona Team up to Export Technology
Opcon, the energy and environmental technology Group, and Tricorona, a specialist trader in environment-related market instruments, have signed a partnership agreement concerning exports of Opcon's energy and environmental technology that help reduce climate impact.
The carbon credits generated via the Clean Development Mechanism (CDM) established under the Kyoto Protocol will be bought and managed by Tricorona.
The partnership agreement focuses on the sale of Opcon Powerbox and Opcon's technology for generating carbon-free electricity from waste heat. Marketing efforts have already started on the Chinese market, where there are major environmental problems and industry generates large amounts of waste heat. The partnership also covers other markets and more Opcon products that reduce climate impact where joint marketing is planned to start up later this year.
"Through additional financing based on the CDM, we can help Opcon to reach new customers around the world. With financing from the CDM scheme, this type of new, state-of-the-art environmental technology from Sweden can be made available to developing nations who are expanding their energy systems," says Marco Berggren, head of Tech Transfers at Tricorona.
Clean Development Mechanism (CDM), is a flexible mechanism within the Kyoto Protocol and complements the effort of industrial countries in reducing their own emissions. Investment in new technology for reduced climate impact in most developing countries generates carbon credits within the system. In China, for example, between 0.6 and 1.1 carbon credits are generated per MWh produced from renewable energy, depending where investment takes place in the country.
Opcon Powerbox is Opcon's proprietary product for producing new carbon-free electricity from waste heat at temperatures as low as 55°C. A standard Opcon Powerbox is at 0.74 MW and can be installed in large process-industry plants, power stations, and larger diesel engines or, with adaptation, onboard larger ships.
Opcon has operations in Sweden, China, Germany, the United Kingdom, and Denmark. There are around 400 employees.