Be the first to like this
With global CO2 emissions on the rise and increasing restrictions from coolant effluent regulations, thermal power plants are under tremendous pressure to increase the efficiency of their operations and decrease emissions. One partial solution is implementing a hydrophobic coating for condenser units. In the power generation cycle, this coating increases the efficiency of the condensation process. It creates a larger pressure differential between the inlet and outlet of the preceding turbine, driving it harder and creating more power for the same amount of fuel used. In effect, not only does the coating yield a positive effect on our environment, but it saves power generation companies millions of dollars per year.
Founded out of a collaboration between two research laboratories at MIT, DropWise Technologies Corporation produces a coating that is based on a patented initiated chemical vapor deposition technique. Utilizing this technique, a portable dispenser system applies the superhydrophobic coating to virtually any configuration of condenser - new and old.
This report chronicles a complete strategy for bringing the coating technology to market. It involves DropWise partnering with multi-billion dollar Exelon Corporation, the nation’s leading competitive energy provider. Exelon strives to adopt “smart” technologies and in particular, improve energy efficiency of the company’s pre-existing facilities. With Exelon’s capabilities, DropWise will be able to first apply the coating to each of Exelon’s plants before moving on to other energy providers. This will allow the collaborative to take data from representative plants and condenser units that can then be extrapolated to find a fitting cost and matching return on investment. Armed with the resulting data, the collaborative can expand outward, applying the coating to power plants around the globe. Due to the coating’s limited lifetime, the consumers will re-enter the market every five years, providing a continuous flow of revenue for the company. Due to the strong support from our financial projections as well as the maturity of the coating as it exists today, DropWise and Exelon can collaborate to commercialize this superhydrophobic coating by the end of this year.