Orcan Energy's World Premiere: First ORC-Plant Park in Myanmar

Munich, Germany (ots) - Orcan Energy, a leading manufacturer of
energy efficiency solutions based on the proven Organic Rankine Cycle
(ORC) technology, and its joint venture partner VPower have reached a
major milestone: In Myanmar, Southeast Asia, the world's first
90-megawatt power plant fleet with 70 second-generation ORC products
has been built and put into operation. "For Orcan Energy, this
installation represents a giant leap towards efficient and
sustainable power generation with engines," says Dr. Andreas Sichert,
founder and CEO of Orcan Energy AG.

The 70 efficiency PACKs - eP P 050.100 - were coupled with 70
1.5-megawatt gas engines to generate electricity from their waste
heat, producing additional clean, emission-free and low-cost
electrical energy. The generated energy is fed directly into the
regional grid. The VPower Group was able to win the operator's tender
with the significantly more economical and cleaner power plant park
consisting of gas engines and efficiency PACKs. The site operator
uses notably less gas and produces more electricity. The 70 installed
efficiency PACKs produce a total of 40 megawatt hours of electricity
per year from the waste heat of the engines and therefore enough
energy to supply about 25,000 local households. Thus, all parties
benefit from this win-win situation.

Qisheng Zhang, CEO of the Orcan Joint Venture, said, "The energy
industry in China is changing. Due to the dramatically increasing
demand for energy, the improvement of energy efficiency is a top
priority. Orcan Energy's solutions are now helping to significantly
and reliably improve the efficiency of power plants."

"The first large-scale use of ORC-based waste heat solutions is
not only a milestone for Orcan Energy, but for the entire
ORC-technology. VPower has shown: The combination of power generators
and waste heat solutions significantly increases the efficiency of
power production and will become indispensable in the future. This
applies to emerging countries such as China as well as industrialized
Western nations", commented Dr. Andreas Sichert on the project.

Orcan Energy's ORC technology works in a similar way to
traditional steam turbines: thermal energy is converted into
mechanical energy and eventually into electrical energy through an
electric generator. Compared to the traditional steam turbine, which
uses water vapor as a working medium, ORC-technology uses an organic
working fluid with a lower boiling point.

Orcan Energy manufactures its efficiency PACKs in series and uses
only proven standard components during production. As a result, Orcan
products have a significantly lower price than ORC-systems from other
suppliers and are characterized by stable and low-maintenance
operation.

About Orcan Energy AG

Orcan Energy AG is a leading European CleanTech company that
develops, manufactures and sells efficient energy solutions for the
conversion of waste heat into electricity based on Organic Rankine
Cycle (ORC) technology. Orcan Energy was founded in 2008 by Dr.
Andreas Sichert, Dr. Andreas Schuster und Richard Aumann, with the
aim of providing companies from a variety of industry sectors a
simple, cost-saving and efficient energy solution that unlocks the
enormous potential of unused industrial waste heat sources. So far,
Orcan Energy AG has sold more than 200 modules globally, making it
the largest provider in the low-temperature sector universally. Orcan
Energy customers benefit from clean electricity at the lowest cost of
energy worldwide. Given the enormous global waste heat potential, the
company sees itself as an indispensable player in the energy world of
tomorrow.

Orcan Energy has established a joint venture with VPower Group
International Holdings LTD, China's leading Integrated Power
Generation Company, and the financially strong CITIC Pacific Ltd to
develop new markets in Asia. Orcan Energy AG employs 60 people and is
headquartered in Munich.

Press Contact:
Nina Epping
Orcan Energy AG
T: 0177/2201949
nina.epping@orcan-energy.com

Original-Content von: Orcan Energy AG, übermittelt durch news aktuell