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KALiNA Power’s (ASX:KPO) tech confirmed for use in Alberta power plants

Energy
ASX:KPO      MCAP $9.038M
04 February 2021 15:30 (AEST)

A KALiNA power plant. Source: KALiNA Power

KALiNA Power (KPO) has announced Enerflex has completed its engineering contract which confirms the KALiNA Cycle can be used for KALiNA’s power plants in Alberta.

In July last year, KALiNA awarded Enerflex an engineering contract as part of its strategy to deploy combined cycle power plants in Alberta using KALiNA Cycle modules.

Enerflex is an international engineering, design, fabrication, construction, and commissioning company with extensive experience.

Pleasingly, Enerflex confirmed the KALiNA Cycle can be cost-effectively modularised and fabricated for KALiNA’s combined cycle power plants.

“This important body of work by Enerflex confirms the cost structure and financial viability of modularisation of the KALiNA Cycle for our Alberta projects,” Managing Director and CEO Ross MacLachlan said.

KALiNA Cycle is an alternative to the Organic Rankine Cycle Technology which is used widely in the global waste heat to power and geothermal markets. The KALiNA Cycle offers a number of advantages including being able to generate power from renewable energy sources such as geothermal and solar thermal.

Essentially, the technology aligns with KALiNA’s values and goal of producing zero-emissions power from heat that is sourced from industrial processes and may otherwise be wasted.

“For each 30-megawatt plant using a KALiNA Cycle module, 10 megawatts of zero-emissions power will be generated from the waste heat — representing the CO2 equivalent offset of approximately 40,000 tonnes per year,” President and CEO Marc Rossiter said.

Enerflex is now in the final phase of detailed engineering, which will provide greater technical definition, a project plan, and a price proposal to fabricate and construct the projects. The deliverables of the final engineering phase are scheduled to be completed in June.

KALiNA closed 9.3 per cent in the green to trade at 4.7 cents at market close.

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