SPOKANE VALLEY, Wash., Feb. 3, 2015 (GLOBE NEWSWIRE) -- MPM Technologies, Inc., ("MPM") (OTC:MPML) subsidiary Carbon Cycle Power ("CCP") has entered a joint venture agreement with Aurora Energy ("Aurora") to create a waste-to-electricity process where carbonaceous waste is gasified and electricity is produced through an integrated technology solution ("Aurora JV").
The Aurora JV will facilitate the combining of CCP's existing photon-induced plasma arc gasification system with Aurora's multi-fuel combustion system. The two systems combined will convert carbonaceous waste to syngas, which will further convert to electricity.
"Combining these two unique technologies allows us to create a cutting-edge solution for waste conversion and electricity production that is unmatched," says Ryan Skinner, CCI's Co-Founder and Chief Operations Officer. "We are just as excited to work with a partner that shares our core value of making the world a better place for future generations."
Aurora, based in Portland, Ore., designs high-efficiency, multi-fuel systems that utilize any heat source to produce clean, renewable energy. The Aurora genset can be run in a variety of configurations from bolt-on heat exchangers that can be affixed to the exhaust manifold of a diesel generator on standalone solar thermal, geothermal or multi-fuel gas combustion systems.
"We are pleased to be working with serious, dedicated partners like Carbon Cycle Power, and to include 'gasification systems' to our list of applications," says Paul Peterson, Chairman of Aurora. "Thanks to this partnership, a complete and reliable renewable energy solution is being introduced that will clearly benefit communities worldwide, and at a deployment cost they never thought possible."
About MPM Technologies, Inc./Carbon Cycle Power: MPM is a leading global manufacturer of environmental control equipment and a developer of waste-to-value energy solutions. MPM has offices in Spokane Valley, Wash., and Ramsey, NJ. (www.mpmtech.com) CCP is a wholly owned subsidiary of MPM Technology that develops waste-to-value energy solutions through the deployment of photon-induced, electric-arc gasification technology. Based in Spokane Valley, Wash. (www.carboncyclepower.com)
About Carbon Cycle Investments, LLC: CCI is a holding company that develops, acquires and manages businesses that stimulate social, economic and environmental sustainability. CCI, which acquired a controlling interest in MPM following a stock purchase agreement in April 2013, is based in Spokane Valley, Wash. (www.carboncycleinvestments.com)
About Aurora Energy: From waste-heat capturing accessories to stand-alone generators, Aurora Energy custom designs and manufactures flexible, robust and affordable state-of-the-art electrical power generators and proprietary turbines for off-grid residential, commercial and light industrial power needs. (www.voltaurora.com)
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CONTACT: Brian Burrow, Interim Chief Financial Officer Carbon Cycle Investments email@example.com 509-242-3036 Paul Peterson, Chairman Aurora Energy firstname.lastname@example.org 503.528.4078Source:MPM Technologies