Story excerpt provided by Crain's Cleveland Business
Written by Dave Karpinski
Most of us are unaware of how much we depend upon low-cost, reliable electricity in our daily lives. We don't give a second thought to how it really works and how that electricity is generated and delivered to our homes and businesses when we need it. I suspect most people don't realize that changes are coming that will impact our electricity capacity and infrastructure and force us to develop new capacity to meet our needs.
Echogen Power Systems, located in Akron, develops high-performance systems that generate electricity from the waste heat produced by industrial processes and power generation systems.
According to Michael Persichilli, vice president of business development and strategic relationships for Echogen, “As retirements of coal-fired power plants continue to mount, it's important that the energy industry respond to this challenge with innovative and cost-effective solutions to meet our growing demand for electricity. We see exciting opportunities for Echogen's technology to help fill the expanding gap in electricity generation capacity in Ohio and across the country."
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