The importance of decarbonising existing activities in the green transition.
From Katrick Technologies Chairman, Dougald Middleton.
I was inspired to write this piece by an article in the FT by one of my favourite journalists, Gillian Tett. Olive is the new green in fighting climate change | Financial Times (ft.com) (paywall). The article's core message is that we are transitioning from the brown to a green economy. There is an important role for decarbonising existing brown activities (oil dependant industries) as part of that. It seems like common sense when you write it in a single sentence, but it is often lost in the polarised debate about how we reach net-zero carbon emissions. If we are honest about what has been achieved over the last 30 years, progress has been made in decarbonising electricity production, which is to be welcomed. However, progress with the wider economy and households is limited.
I have limited patience for governments and corporate boards greenwashing. They should set long-term carbon targets with clear and measurable interim milestones, backed by the financial, human and moral capital to make them a reality. Decarbonising existing activities should be prominent alongside investing in zero-carbon alternatives.
At Katrick Technologies, we are positioned to decarbonise the brown economy and provide efficiency-enhancing zero-emission energy solutions to power the green economy. Our heat-based technology uses waste heat from a range of industrial and commercial sources and converts it to zero-carbon electricity.
An example use is a thermal power station which uses steam to drive the turbine. Watch our video explain how our technology can be retrofitted to an existing plant or fitted as part of the build to deliver additional zero-carbon power from heat which would otherwise be released into the atmosphere.
Katrick heat-based technology can be fitted to a range of applications including power generation as described above but also data centres, air conditioning plants and hard to decarbonise users such as steel and cement manufacturing to name but a few. The financial and carbon case for using it is compelling;
We remove the use of energy and the cost of running the existing cooling plant. In the case of a data centre or any other closed-loop cooling system, this could be 50% of the onsite energy costs.
Our heat technology requires no external energy; it is truly zero carbon in operation.
On a standalone basis, the power produced is sufficient to deliver a base case 10% IRR.
Katrick is a Design and IP based business. Our mission is to use our core technology to design solutions for specific use cases. We licence our secure technology to industrial partners' ecosystems to enhance their existing and planned products' performance. Our revenue will be produced by combining design and licence fees which will deliver stable contracted returns.
I have been involved in the infrastructure sector for over 30 years. Katrick is a unique business in my experience. We have an important role to play in decarbonising the brown economy and leading the green economy. The market potential is enormous. Our core designs and technology are patent protected, and our business model offers a low-risk route to commercial revenues and rapid scalability. We are currently fund raising, offering the opportunity to invest in a global leader's early stage in the green energy space. More information about us and our heat, wind and wave technology can be found on our website; Katrick Technologies is also a link to our fund raising page.