Greentech Lead America: W2 Energy has initiated its
agreement with its joint venture partner WH2 of Luxembourg for manufacturing,
sales and distribution of W2 Energy’s line of products.
The value of the agreement is $4,000,000.
W2 Energy has received an initial purchase order for
$300,000 as Phase I of the purchase program.
The order is for manufacturing 5 combustion powered
rotary engines that will convert several palm oil power plants in Germany.
W2 Energy said future purchase orders will include the
development of a 10 ton per day demo power plant which will convert bio-fuels
into electricity utilizing W2 Energy’s NT Plasmatron and Rotary Combustion
Recently, W2 Energy signed a joint venture partnership
with WH2 Luxembourg Holdings for marketing and joint development of W2’s
products throughout the European Union (EU), Africa, the Middle East and GCC.
Specific products will include W2 Energy’s NT Plasmatron,
Grinder, SteamRay Engine, Multi-fuel Gas to Liquid Reactor, NT Plasmsatron Fuel
(Bio oil/water/coal ignite) and The SunFilter Algae Bio Reactor.
“This is a very exciting time for us at W2 Energy.
It has taken several years for us to develop this relationship and get it to
the point of where we can actually start manufacturing our product and have it
successfully distributed throughout Europe,” said Mike McLaren, W2 Energy
President and CEO.
W2 Energy develops renewable energy technologies and
applies it to new generation power systems. W2 Energy’s plasma assisted biomass
to energy plants utilize state of the art technologies to produce green energy
both fuel (sulfur free diesel) and electricity at the most efficient cost in
capital investment and production per/barrel, per/Megawatt.