- Questor Technology (QST) has received $4.5 million of funding to support the development of its Heat to Power generation systems
- Recoverable waste heat in the United States is estimated at 14,594 MW in the manufacturing sector alone
- Sustainable Development Technology Canada (SDTC) helps Canadian companies develop clean technology solutions
- Questor designs, manufactures and services high-efficiency waste gas combustion systems that destroy harmful pollutants in any waste gas stream
- Questor Technology Inc. (QST) is up 1.73 per cent, trading at C$1.76 per share at 1:55 pm ET
Questor Technology (QST) has received $4.5 million of funding from Sustainable Development Technology Canada (SDTC).
The funding is to support the development of the Questor’s CPS 50-1500 kW modular, reliable, high-efficiency waste Heat to Power generation systems.
“With rising global GHG emissions, Questor’s game-changing waste heat to power generation technology is at the forefront of reducing emissions in a clean, cost-effective and sustainable way,” said Leah Lawrence, President and CEO, Sustainable Development Technology Canada.
“We are proud to support Questor, among other Canadian climate tech entrepreneurs to grow and strengthen Canada’s green economy.”
“We are thrilled by the recognition and support that we are receiving from SDTC for the development of our technology.
Recoverable waste heat in the United States is estimated at 14,594 MW in the manufacturing sector alone with over 63 per cent in the 232 to 650 °C range. This technology development will facilitate diversification into a promising target market for Questor,” said Ms. Audrey Mascarenhas, President & CEO of Questor Technologies.
Methane, with a global warming potential, 86 times higher than CO2 over a 20 year period, has recently become a global concern. Coupling the waste heat to power technology with Questor’s 99.99 per cent efficient clean combustion technology at the heat source reduces greenhouse gas emissions with a 30 per cent return on capital invested (ROI). The power generated from flared and vented gas can be used on-site to displace diesel power generation or power from the grid, hence reducing operating costs. Alternatively, it can be directed to the grid generating a revenue stream while reducing the site carbon equivalent emissions.
Sustainable Development Technology Canada (SDTC) helps Canadian companies develop and deploy competitive, clean technology solutions, to help solve some of the world’s most pressing environmental challenges: climate change, clean air, clean water and clean soil. SDTC is the global benchmark for sustainable development innovation programming.
Questor provides specialized waste gas clean combustion technology and services that destroy harmful pollutants in any waste gas stream at 99.99 per cent efficiency enabling its clients to meet emission regulations, reduce greenhouse gas emissions, address community concerns and improve safety at industrial sites.
Questor Technology Inc. (QST) is up 1.73 per cent, trading at C$1.76 per share at 1:55 pm ET.