Radical Combustion Technologies Wins the 2019 Oil & Gas Cleantech Challenge
An international team of judges reviewed pitches from 13 companies, after which they voted on the winners. Technologies ranged from renewable thermal energy storage, pipeline leak detection, remote air emissions technology, water management and others.
The winning innovation from RCT is a combustion engine retrofit that "cleans up ignition and internal combustion engines by eliminating the spark or flame, and instead, using a chemical process to initiate ignition and combustion which dramatically reduces emissions, improves efficiency and fuel economy," according to Mike Manfredi, the Vice President of Research and Development at RCT.
The company's founder and CEO Richard Thompson said that his two desired outcomes from the event are to find a seed investor and to work toward the goal of moving the business to the state of Colorado, and both goals are well on the way to being fulfilled. He added "As a skier, it wouldn't bother me at all to have to come out to Colorado."
Shelly Curtiss, executive director of CCIA, said "After six years of successful OGCC events, we are starting to see more of these kinds of outcomes coming to fruition. This event supports business development in Colorado as well as offering a quick and direct connection to new advanced and clean technologies to an industry that desperately needs them."
Thompson concluded, "We're very confident that this technology, over time, will be adopted in many other industries as well."
Additional presenting companies included:
HyET Hydrogen USA LLC
Jalema Technologies LLC
LT Environmental, Inc.
Marathon Engine Systems
Onboard Dynamics, Inc.
Pluto Ground Technologies
CCIA developed the successful Oil & Gas Cleantech Challenge model, now in its sixth year, which has seen two spin-offs in other industry (commercial vehicles and mining) in partnership with an internationally recognized team of industry leaders, including ConocoPhillips, Noble Energy, BHP, Canadian Consulate, Rocky Mountain Institute, Altira, Perkins Coie, Colorado Energy Office, Metro Denver EDC's Colorado Resource Council and Orchid Petroleum Advisors.
Founded in 2008, Colorado Cleantech Industries Association (CCIA) is a statewide organization dedicated to promoting Colorado's cleantech industries. CCIA impacts Colorado's policies, people, products and programs that drive expansion of a cleaner, cheaper, more efficient and secure energy economy. Through advocacy, public policy leadership, development and education, CCIA works to ensure that Colorado is a global cleantech leader. For more information, visit https://coloradocleantech.com/