Greentech Lead: GDT Tek has signed an energy service
agreement with a wholesale company to purchase 20MW of power from its Desert
Hot Springs, CA 109 acre solar project.
Recently, GDT Tek closed escrow on 109 acres of prime
solar farm property in Desert Hot Springs. The private company will purchase
all electricity up to 20MW/hr and resell it to companies at a set wholesale
price.
“This ESA is crucial to finance our project. Our location
is perfect for a solar farm and with this ESA in place, several solar PV
installations companies could provide GDT Tek with the product and financing to
build it,” said President of GDT Tek,
Bo Linton.
“With many types of government incentives for
building a solar farm such as tax credits, we believe we now have a really
attractive project for big investors and financiers that is simple and
proven,” Linton added.
GDT Tek focuses on renewable and sustainable energy
technologies. The company has licensed patented waste heat to electric power
generation technology and is driving its adoption by power plants, landfills
and other waste-heat generating industries.
GDT Tek’s waste heat to electricity systems are powerful
enough to serve as a primary energy source, highly efficient, immediately
cash-flow positive when installed under a Power Purchase Agreement and are
scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available.
The GDT Tek system has been proven through a long-term
five year installation at a San Jose, California-area landfill. Waste heat
captured from landfill-generated methane gas generator engine exhaust and
radiator jacket coolant systems is used by the GDT Tek system to generate
electricity which is then sold to the grid.
“Of the many technologies that I have evaluated over
the course of the past several decades, GDT Tek’s heat to power conversion
solution has proven to be the most reliable, versatile, efficient, lowest emissions,
and overall cost-effective solution available in today’s changing world
market,” said Robert W. Dibble of the University of California at Berkeley
assessed the GDT Tek system.