Category: Investment, Water
NEW YORK, NY - May 18, 2016 (www.waternewswire.com) Rentricity Inc., an innovative in-pipe hydropower clean energy company has commenced its first project for the Buck County Water & Sewer Authority (BCWSA). Rentricity Flow-to-Wire™ and SEMS™ systems' capture excess pressure and flow within gravity-fed water distribution pipelines, converting it into clean energy for the electric grid or the customer's onsite use. The site being developed is part of a major upgrade to BCWSA system in Feasterville and a new pipeline recently energized to bring new purchased water into the area from North Wales. The site will represent Rentricity's largest installation in the Commonwealth of Pennsylvania and will include twin turbines to optimize electricity output over daily flow and pressure demands.
Located in New York City, Rentricity is a graduate of the NYU Tandon School of Engineering cleantech incubator called NYC ACRE. NYC ACRE is currently home to 17 startup companies, and another 16, including Rentricity, have graduated to larger facilities or been acquired. Together, these 33 companies have generated more than $26 million in revenue, employed more than 290 people, and raised more than $92 million in private capital, $6.2 million in public funding.
Rentricity completed a preliminary design study for an in-pipe hydropower system for BCWSA's new Feasterville vault in 2013, which resulted in an "energy recovery ready" vault design. Upon energizing the new pipeline, BCWSA chose to further improve the infrastructure by adding a 50 to 100 kilowatt in-pipe hydropower system. The system, to be located at the Feasterville Tank site, will supply the power to the local grid.
"Building our water infrastructure with smart and sustainable technologies is a success criteria we value at BCWSA,” said Benjamin Jones, CEO of BCWSA. "Taking advantage of the excess pressure in this pipeline will allow us to offset electricity costs and improve the monitoring and management of this new infrastructure," he added.
Rentricity continues to position itself as key "sustainability" technology enhancement for water operators managing drinking, irrigation and industrial water operations. "With over 400 billion gallons of water flowing through aging pipelines daily in the United States, designing new infrastructure for energy efficiency is key to success,” says Frank Zammataro, Rentricity's CEO and Co-founder. "We see an enormous potential for retro-fitting older piping infrastructure and enhancing new infrastructure designs to be energy recovery ready like BCWSA." he added. The NSF-61 & 372 safe-drinking water certified equipment is exclusively available from Rentricity.
About Rentricity Inc.
Rentricity Inc. (www.rentricity.com) is the nation's leader in producing clean, renewable energy from in-pipe hydropower applications in drinking water distribution systems, irrigation and industrial water systems. The Company, a graduate of NYC's cleantech incubator, the Accelerator for a Clean & Renewable Economy (NYC ACRE), is based at 175 Varick Street, New York, NY 10013.
About Bucks County Water & Sewer Authority (BCWSA)
BCWSA is an independent, non-profit agency formed in 1962 under the Pennsylvania Municipal Authorities Act. BCWSA is one of the largest water and sewer authorities in the Commonwealth of Pennsylvania and provides water and sewer services to more than 86,000 household and business accounts and some 400,000 people in the southeastern Pennsylvania.
About the New York University Tandon School of Engineering
The NYU Tandon School of Engineering dates to 1854, when the NYU School of Civil Engineering and Architecture as well as the Brooklyn Collegiate and Polytechnic Institute (widely known as Brooklyn Poly) were founded. Their successor institutions merged in January 2014 to create a comprehensive school of education and research in engineering and applied sciences, rooted in a tradition of invention, innovation and entrepreneurship. In addition to programs at its main campus in downtown Brooklyn, it is closely connected to engineering programs in NYU Abu Dhabi and NYU Shanghai, and it operates business incubators in downtown Manhattan and Brooklyn.
Urban Future Lab and NYC ACRE
Part of NYU's Tandon School of Engineering, the Urban Future Lab (UFL) is New York City's hub for smart cities, smart grid and clean energy. It also hosts programs focused on educational, policy and market solutions to the issues of sustainability. NYC ACRE is the city's premier cleantech business incubator, housed at UFL. ACRE supports innovative startups that provide solutions to our most pressing climate and energy challenges while creating green jobs. ACRE is dedicated to growing an ecosystem of mission-driven start ups that advance the city as a role model for a low-carbon future. UFL and ACRE are supported by NYSERDA, NYCEDC, and National Grid, along with Tandon's general incubator sponsors Lowenstein Sandler and Cushman Wakefield. For more information, visit http://ufl.nyc.
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