Bowman Power Group provides a ‘compelling moral, economic and environmental argument’ for more efficient use of fossil fuels, says CEO Dr Toby King.
At the heart of Bowman’s case is the company’s Electro Turbo Compounding (ETC) energy recovery technology, which converts waste energy from a generator set (genset) exhaust stream into free, useful, power.
While, as Dr King makes clear, there is a moral imperative behind the development of ‘clean’ technology, there is also a straightforward business case to be made.
‘There are hundreds of thousands of engines and generators around the world providing distributed power for islands, remote communities and various industries,’ he points out.
‘The efficiency of those gensets is typically less than 40 per cent – so more than three-fifths of the energy that is in the fuel is being wasted as heat and CO2 emissions from those engines.’
With fuel typically accounting for 50 to 80 percent of total ownership costs over the lifetime of a genset project, Bowman’s ability to provide improved efficiency and reduced cost offers a ‘compelling value proposition’, adds Dr King.
‘The benefit for our customers is competitive advantage in that they are able to offer a more efficient genset with a higher power output to their customers, the end users. The benefit to the end users, of course, is that they need to pay for less fuel or for fewer gensets to produce the same amount of energy.’
Moreover, Dr King emphasises, this is against a background dominated by two distinct but interrelated factors.
Firstly, there is the ever increasing global demand for energy. The 2015 EIA International Energy Outlook Report forecasts a 70 per cent rise in demand by 2040, much of it in the type of rural and distributed power settings that many of Bowman’s customers operate in, and where there is still no alternative to conventional fossil fuels.
Secondly, a new worldwide energy mix has seen a big shift towards renewables – but ‘when the sun’s not shining and the wind’s not blowing’ energy output relies on power sources which are also typically fossil fuelled.
Dr King concluded: ‘Therefore, when you add those two things together we see a huge increase in demand for technologies like ours and it is absolutely imperative that they are able to be deployed.
‘And our view at Bowman is that we have a compelling moral, economic and environmental argument to maximise the efficiency with which those fossil fuels are burnt, wherever they still need to be used.’