RENO, NV -- (Marketwire) -- 04/25/11 -- ElectraTherm, a leader in small-scale heat to power generation, hosted President Obama on Thursday, April 21, where the President held a town hall meeting. The President spoke to the audience of 425 -- which included ElectraTherm employees -- for more than an hour; the only Reno stop on a trip out West and his third 'Shared Responsibility and Shared Prosperity' town hall last week.
ElectraTherm is a clean energy company headquartered in Reno, Nevada. Its product, the Green Machine, generates fuel-free, emission-free power from low to mid temperature waste heat using the Organic Rankine Cycle (ORC) and patented technology. The company was founded in 2005 and has 12 units in the field, including the states of Alaska, Hawaii, Texas, Michigan and So. Carolina. ElectraTherm employs 44, 12 of which have been hired since January 2011.
'I want to congratulate ElectraTherm for being a fine example of a clean energy company that's been growing by leaps and bounds over the last few years,' said President Obama. 'When you're talking about waste heat, every business, every industry, is generating some sort of energy byproduct, some sort of heat; it's going up in smoke stacks and nobody is using it. And the question is, can we capture that energy and use it in a smart way? That's what ElectraTherm is all about.'
'The visit by the President of the United States is a significant accomplishment for ElectraTherm and we were honored to host the event,' said John Fox, ElectraTherm's Chief Executive Officer. 'The President spoke to us about maintaining clean energy incentives and promoting and investing in green technology to reduce our nation's dependence on fossil fuels. We hope that heat to power will be recognized soon as an enormous untapped opportunity to expand renewable energy production in the US. We look forward to increasing America's renewable energy footprint.'
ElectraTherm's technology can convert sources of low-temperature heat from applications including reciprocating engine jacket water, biomass, concentrated solar, etc. into power. For more information on ElectraTherm and application capabilities, go to www.electratherm.com.
About ElectraTherm, Inc.
ElectraTherm, Inc. provides heat to power generation systems to industry worldwide. The company's proven, patented, Twin Screw Expander enables its line of recovered energy generating systems to make electricity from low to mid temperature heat that would otherwise go to waste. ElectraTherm's fuel-free, emission-free and low cost Green Machines offer an attractive payback period on investment. For more information on ElectraTherm and its clean tech, green power products, please visit www.electratherm.com.
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