Cortus Energy AB has announced it has signed a Letter of Intent (LoI) with an unnamed Japanese company to supply its proprietary WoodRoll technology to a proposed 2MW biomass power project in Japan.
Swedish biomass gasification technology developers Cortus Energy AB has announced it has signed a Letter of Intent (LoI) with an unnamed Japanese company to supply its proprietary WoodRoll technology to a proposed biomass power project. The Japanese client has secured a permit to build a 2 MW electric output biomass power plant and supply green electricity to the grid with a 20-year feed-in tariff (FiT).
According to Cortus the client has visited its test plant in Sweden and was impressed by the high efficiency and its potential for future hydrogen applications in Japan. In a first step, the company and its Asian partners will study possible cost reductions that can be achieved by local production or purchase of selected parts of the technology and peripheral systems. A decision on a possible project with Cortus Energy is expected no earlier than the first quarter of 2016. The total value of such a project, if it were fully implemented, is in excess of SEK 10 million (≈ EUR 940 000).
– We are very pleased with this interest from Japan, a country with a pressing need to replace fossil and nuclear energy while it is also the global leader in fuel cell technology and applications. The high hydrogen content of WoodRoll means a unique position for the future to create the next generation of competitive renewable energy solutions based on WoodRoll and fuel cells, said Rolf Ljunggren, CEO of Cortus Energy, in a statement.