Author Archives: Kevin Lauscher

Qnergy Announces Appointment of Chief Financial Officer

Asaf Vos Headshot

Ogden, Utah, March 9th 2021 Qnergy Inc. (www.qnergy.com), the world’s leading manufacturer of clean, reliable, electric power based on Stirling engines, announced today the appointment of Mr. Asaf Vos as Chief Financial Officer, effective March 1st 2021.

Mr. Vos joins Qnergy from IMERYS Refractory, Abrasive and Construction Americas, where he oversaw the financial activity of five manufacturing plants. Prior to working at IMERYS, Mr. Vos served as CFO of Baran Telecom USA, a leading provider of engineering services to large infrastructure projects in the wireless industry in North America.

Along with significant global telecom and manufacturing experience, Mr. Vos brings to Qnergy growth and scaling experience. At both IMERYS and Baran, Mr. Vos gained valuable experience helping drive consistent sales growth and gross margin expansion across multiple product lines in both domestic and foreign markets.

Ory Zik, Qnergy’s Chief Executive Officer, commented, “We are excited about the opportunity to work with Asaf. He is a seasoned financial executive with a strong manufacturing background and experience in telecom. Asaf is well-equipped to work with our executive team supporting our systematic growth and scaling as we move towards becoming a key global player in the energy transition. Having led the finance department for a global organization like IMERYS, Asaf earned the reputation of being a strong, ‘hands on’ leader and an excellent collaborator with commercial, operations and engineering teams.”

Mr. Vos commented, “I am very excited to join the Qnergy family and executive team. I believe the potential for growth and value creation at Qnergy is tremendous, especially given the need for clean and reliable electric power and the passion and technological expertise of the Qnergy team. Having played a leadership role in similar business situations, I am confident that we can develop and execute plans to drive consistent sales and margin growth. I look forward to partnering with the team to build and scale the business.”

Why Invest in Methane Abatement?

The Biden Administration’s climate plan targets multiple sectors. The top three are transportation, power plants, and methane emissions from Oil & Gas operation. The first two are more familiar than the third. Let us talk about methane with the aid of a new visualization tool called En-Roads (beta) https://en-roads.climateinteractive.org/. En-Roads visualizes the climate impact of different clean energy policies. The tool was recently published by MIT and Climate Interactive.

Open En-Roads and you will have a dashboard that looks like this:

Picture of Enroads dashbaord

The planet is on a path to a 3.60C (6.50F) warming by 2100.

Electrifying the Transportation Sector

To see the potential impact of electrifying the transport sector – slide the Transport/Electrification slider all the way to the right:

The potential impact of electrifying the entire transportation fleet to electric – including cars, trucks, buses, and trains is reducing global temperature by 0.10C by 2100 (from 3.60C warming to 3.50C). How very disappointing!

This means that the aggregate of Tesla (>$800bn when I write this). Tens of billions of dollars invested in SPACs. Overall, nearly a Trillion Dollars of ESG capital earmarked to electrifying the transportation sector – will only account for 0.1 degrees by 2100.

In the future, we’ll deploy residential, hydrogen-driven Stirling engines to help charge EV’s at home. But for now, until there is a hydrogen economy, we focus on the methane mitigation sector.

Methane Emissions Mitigation

To see why mitigating methane is so important, slide the methane slider to the left to estimate the potential impact of the sector:

Half a degree. A significantly larger impact than transportation.

The methane abatement sector raised a fraction of a percent to achieve a significantly larger impact than the electric transportation sector. The difference in capital efficiency in terms of GHG mitigation exceeds three orders of magnitude.

Don’t get me wrong – electrifying the transportation fleet is very important and we wholeheartedly support it. But for those interested in deploying capital to mitigating GHG emissions, methane abatement is where you will maximize your climate returns.

picture of CAP3

Happy Holidays From Qnergy

The employees at Qnergy would like to take this time to thank our loyal partners and customers for your continued business throughout this challenging year.

From our family to yours:
Merry Christmas and Happy Holidays.

 

Picture of many powergens in different places

Qnergy Continues to Grow Its Offshore Installation Base

Stainless STeel PowerGen on Oil Rig

Qnergy continues to grow its offshore installation base with another set of PowerGen 5650 remote power systems in the Gulf of Mexico.  The two Stirling engine systems are providing AC and DC power to various electrical loads for yet another major producer offshore.  Our Marine capable PowerGen with Stainless Steel enclosure stands up to the toughest marine environments.

Qnergy Chosen to present at Colorado Cleantech Industry Association Oil and Gas Cleantech Challenge Conference!

We are proud to announce that we are a chosen company to present at Colorado Cleantech Industries Association Oil and Gas Cleantech Challenge!

Colorado Cleantech Logo

The Cleantech Challenge asks for companies capable of working on issues related to air (especially methane detection or control), carbon capture utilization and storage, unmanned aerial vehicles, the internet of things/digital oilfield, items to reduce truck traffic, space saving items to reduce footprint, plant or biological solutions, solid pollution reduction, gas-to-liquids, blockchains, water, remote/distributed power, power management, and advanced materials and chemicals.

We will be presenting our CAP3 product which helps to eliminate methane emissions from the oil and gas industry!

 

Read more here:

https://www.prlog.org/12844867-presenting-companies-for-the-2020-oil-gas-cleantech-challenge-announced.html

Qnergy Announces CAaaS (Compressed Air as a Service) at Gastech 2020

The new program removes all financial barriers to abating methane emission in pneumatic devices. Carbon offsets make the program profitable for operators.

 

Picture of CAP3 - M

 

Calgary, Alberta, September 8th 2020 Qnergy Inc. (www.qnergy.com) the world leading clean energy manufacturer of Stirling Engines, announced a new program: Compressed Air as a Service (CAaaS). The CAaaS program will help operators finance Qnergy’s compressed air solutions through their operational budget without upfront capital expenses. The package is designed to support companies that want to advance their emission reduction goals while meeting current budget constraints.

Click here to read more about CAaaS

About 20% of the industry’s vented emissions are located at sites that have high-bleed pneumatic devices and unreliable grid electrical power. In the last few years, Qnergy has deployed hundreds of its low maintenance remote power systems in Oil & Gas sites. Since the summer of 2019, Qnergy has successfully deployed its Compressed Air Pneumatic systems (CAP3) in the U.S. and Canada.

The rapidly increasing demand for the CAP3 air-pneumatic systems created a need for a creative financial solution that will alleviate the pressure on capital budgets. The CAaaS solution removes the capital barrier to mass adoption allowing operators to streamline their path to emissions reduction and regulatory compliance, which in some markets also translates into sellable carbon credits.

The new program allows companies to pick the most palatable path based on several options: They can either buy Qnergy’s compressed air system (CAP3) through conventional capital expenditure or buy CAaaS without the capital expense and long-term commitment.

In addition, companies have various options to offset the price with credits. They can submit carbon credits themselves or through one of Qnergy’s carbon advisory partners.

“Operators are under conflicting pressures to concurrently reduce emissions and cut expenses. We are thrilled to participate at the Gastech Virtual Summit and announce a program that not only offers the best technology, but also removes all financial barriers to adoption.” said Ory Zik, Chief Executive Officer of Qnergy.

“The CAaaS contract is very simple. Qnergy installs a CAP3 system and acts like a utility. We only charge for usage of instrument air and electricity. We have tested this simple arrangement with a number of operators and the feedback is extremely positive.” He added.