Capricorn Power awarded Commonwealth Gvt grant

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The Prime Minister, Malcolm Turnbull, today announced that Capricorn Power will receive a grant of  $292,750 to manufacture our innovative high-efficiency engine to convert waste heat to electricity — the Barton engine — as a pilot project.

Design and construction is now proceeding at Austeng, in North Geelong.

The announcement was made as part of a $M20 package of support for Geelong and Corangamite regions,  to support industrial and economic development, and regional economic development.

The engine will enhance energy productivity and sustainability at a customer site by providing reliable low-cost electricity and reduced waste and emissions, with the only energy input being ‘waste heat’.

According to the government announcement:
“Capricorn Power’s product innovation represents a major advancement in waste and emissions reduction, improving sustainability and energy productivity, with electricity generation from waste heat a rapidly growing multi-billion dollar global market.”

Key outcomes of this stage of Capricorn Power development and commercialisation will be: validated engine cost, performance and reliability data, at up to 30 kWe and targeted 95% up-time.

This will enable commercial close of more sales in our pipeline; both power purchase agreements and power generation system sales.

These successful projects reinforce Geelong’s image as a world class hub for ‘makers and innovators’.

Capricorn Power wins Climate KIC, Australia, Victoria division.

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Capricorn Power was honoured to have been selected as a finalist in the European Commission’s Climate KIC, Climate Launchpad, and delighted to have won, especially among such capable competition.

The judges unanimously selected Capricorn Power, based on judging criteria:

  1. Business or market potential
  2. Jobs potential or social impact
  3. Innovation or technology potential
  4. Climate impact
  5. Strength of the management team
  6. Quality of the pitch

Geoff Andrews and Mike Hodgkinson will now compete at the world finals. along with 104 other competitors from 35 countries, in Cyprus on 17 October.