- Canadian Premiers sign national energy strategy after three years of talks. The plan calls for policies to increase energy efficiency, reduce greenhouse gases and advance new technology. Ontario Premier Kathleen Wynne said the premiers struck the right balance. A strong economy and environmental protection are not mutually exclusive, she said. – July 2015
- Power Efficiency and Resiliency Act (POWER Act) must be extended to ensure that combined heat and power (CHP) and waste heat to power are treated in a manner that is on par with other energy technologies covered by the investment tax credit. Installation of CHP and waste heat to power systems requires an initial investment, which companies recoup within a few years. The POWER Act aims to incentivize that investment.
- Energy retrofits become an investment vehicle. Efficiency Capital Corp. plans to finance $100 million in projects, reaping paybacks through energy savings. The idea comes from the Toronto Atmospheric Fund (TAF). This city agency, armed with the goal of financing local initiatives to reduce greenhouse gas emissions, pioneered the investment tool. Toronto Star, June 2015
- US private sector
- pledges $4B for climate change. Obama uses executive powers to help make such investments easier.
- New Analysis Shows Earth Is Warming Faster Than We Thought. The scientific consensus is clear: climate change is real, humans are responsible, and its effects are already being felt around the world. – Forbes 2015
- G7 puts Canada on the spot, calls for low emissions in energy sector – June 2015: “The Canadian Press has been told by sources who saw the working draft of the G7’s climate-change communique that Canada and Japan worked behind the scenes to water down the statement.” It’s hard to believe that Sofame Technologies does not have more support from its home base in Canada!
- Princeton University is at the frontier of energy sustainability. As a major university, it has the opportunity to research and invest in new technology across many sectors. As an environmentally conscious institution, it has chosen not only to fund research, but also to turn its own site into a model of sustainability. At the centre of this, is an 80% efficient 15 megawatt cogeneration plant. – Sustainable Busines Magazine, January 2015
- It’s easy for investors to forget that the world’s economy still relies on old-school industrial companies. Making computers, tablets, and phones — not to mention train cars, jet engines, and truck chassis to ship those products to a store near you — requires transforming raw materials into parts, machines, and other necessary equipment. Some have been making the same kind of products they have for decades. But don’t let that fool you — these companies are still innovating and growing according to aFederal Reserve Report. – Motley Fool Stock Advisor, March 2015
- The waste heat recovery market will reach $53.12 billion by 2018. Europe dominates the market, accounting for a major share of about 38% in 2012. The major players will continue to hold respective positions by joint ventures/collaborations & partnerships and by new technology development.
- The U.S. Supreme Court endorsed the EPA’s efforts to regulate greenhouse gas emissions from sources like power plants in a recent string of rulings upholding the Environmental Protection Agency’s authority to issue Clean Air Act regulations to curb climate change. (NY Times June 2014)
- Climate change is the challenge of our time. We’ve seen and felt the costs of underestimating the financial bubble. Let’s not ignore the climate bubble. (New York TImes- June 2014) Sofame’s engineered products significanty reduce carbon emissions of gas-fired industrial boilers and turbines.
- The State and Local Energy Efficiency Action Network (SEE Action) is a state- and local-led effort facilitated by the U.S. Department of Energy and the U.S. Environmental Protection Agency to take energy efficiency to scale and achieve all cost-effective energy efficiency by 2020.
- Industries and Governments take a second look at a combination of voluntary and mandatory cap-and-trade methods to reduce greenhouse gas emissions. (New York Times, June 2014) Sofame’s industrial waste heat recovery systems contribute significant reductions to these environmentally conscious companies.
- While it costs slightly more to design the MaineGeneral Alfond Center for Health to LEED Gold standards to be “green” and more energy-efficient, the payback is more than worth the extra costs upfront, and greatly reduces the facility’s environmental impact. The efficient design elements of the new hospital will ultimately save $900,000 in annual operating costs and 12 million gallons of water a year.
- Breaking Down Barriers to Energy Efficiency Investment: Why Investors Are Wary of Energy Efficiency and What Will Boost their Confidence
- Survey: Executives in 2014 realize that energy management can no longer be left to the backwater of “deferred maintenance” programs and local plant decisions – Greentech Media
- GCCA Signs Climate Change Accord with P80 Group Foundation to fund Global Technology Deployment Initiative
- The BC government could back away from the targets committing it to cut greenhouse gas emissions before its aggressive push towards a liquefied natural gas industry and all the extra emissions it is bound to create.
- Energy Efficiency Is The World’s Most Important “Fuel,” IEA Says
- Hundreds of billions of dollars are being spent every year to reduce emissions in response to past findings from the IPCC, though many analysts have said these efforts are so far inadequate to head off drastic climatic changes later in the century. NY Times 2013-11-02
- Energy efficiency bill moving through Congress hailed as best bipartisan major energy legislation in years: Green Jobs, Energy Savings, Emissions Reductions
- US Government Taking Action To Reduce Carbon Emissions at Existing Power Plants – Video (EPA)
- Sofame was invited to present an investor update on local TV on March 17, 2013 (Skip to minute 4:30 to hear Sofame’s CEO speak about the operating results, technology and loyal customers).
- New US DOE loan guarantee for CHP as Efficiency Improvement which avoids and reduces greenhouse gas emissions.
- GE to invest $20 Billion and use its energy, engineering expertise to make Fracking safer.
- U.S. energy use is approximately half of what it would have been if we had not improved our efficiency over the past 40 years. Still, there are large, cost-effective opportunities to increase energy efficiency much further. (ACEEE March 2013)
- DOE Promotes Efficiency Investments: U.S. could double energy productivity through efficiency investments and create a million new jobs, experts say (February 2013).
- Industrial Energy Efficiency Will Prolong the Current Boom in Natural Gas Use – ACEEE White Paper – September 2012
- Executive Order by President Obama to Accelerate Investment in Industrial Energy Efficiency – August 30, 2012
- Sofame System Benefits Highlighted in Power Engineering Article on Princeton University – July 2012
- New Ohio law encourages waste heat recovery, cogeneration – June 2012
- “The flue gas condensing economizing unit – or Sofame – adds to the efficiency mix of the new Winnipeg air terminal by capturing waste energy. The end result is a heating plant for a 51,000 square metre building that is nominally above 95% seasonal efficiency.” – SMS Engineering, 2012
- “Re-Invent Fire” Clean and renewable energy for a secure and prosperous America. Energy efficiency is a renewable energy!
- The potential employment and climate benefits presented by energy efficiency retrofits led the Rockefeller Foundation to partner with Deutsche Bank Climate Change Advisors to produce this research report. In the United States alone, more than $279 billion could be invested across the residential, commercial, and institutional market segments to yield more than $1 trillion of energy savings over 10 years, equivalent to savings of approximately 30% of the annual electricity spend in the United States.
- US dependency on gas-fired power means given the steep decline rates of shale gas wells, prices will go up to cover high production costs. – Financial Times, May 2012
- A 20-year-old, Sofame direct-contact water heating system continues to deliver optimum performance at a major Canadian Hospital – Pumps & Systems Magazine; March 2012
- “Companies like Sofame are what Autodesk is all about,” says Michael Stangl, senior director of worldwide business development at Autodesk.
- Industrial Energy Efficiency Supports New Clean Air Regulations
- Sofame Begins Marketing Its Industrial Energy Efficiency Products in China!
- Industrial Energy Efficiency Vital for Sustainable Development – UN Report
- US Department of Energy Presentation on Efficiency Priorities
- Gas Technology Magazine, Spring 2011: Direct Contact Water Heating Is More Attractive than Ever!
- Dessau wins prestigious ASHRAE Technology Award in March 2011 for Pierre Boucher Hospital energy efficiency retrofit including a Sofame Percotherm®
- ASHRAE Launches New Energy Professional Credential for Auditing Energy Efficiency
- Nearly 200 Gigawatts of US Energy is WASTED! Industry has by far the largest untapped potential for energy generation in the wasted heat it generates.
- Princeton wins Award for Energy Efficiency Project – March 2010
- A Typical Sofame Percotherm Project – As defined by ASHRAE Prize in 2005
- SOFAME Launches Marketing in China
- Industrial Energy Efficiency Vital for Sustainable Development – UN Report
