ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Sapphire Technologies and TB Global Technologies Ltd. Achieve First-of-Its-Kind Industry Milestone to Accelerate Energy Innovation in Japan

--News Direct--

Sapphire Technologies, a leading developer and manufacturer of energy recovery systems for hydrogen and natural gas applications, proudly announces a first of its kind operational milestone of 13,000 operating hours for its FreeSpin In-line Turboexpanders in the Japanese market. This achievement represents a groundbreaking advancement in the turboexpander industry, furthering joint efforts to decarbonize the natural gas sector and bolster sustainability with the following benchmarks:

  • Produced over 2.5 gigawatt-hours of electricity, valued at approximately 550,000 USD (86 million Yen) *1)。 when calculated with the electricity costs for homes in Japan

  • Prevented the emission of 1,934 tons of CO2e*2), emphasizing the substantial environmental and economic impact of Sapphire’s FreeSpin In-line Turboexpander;
  • Solidifies Sapphire's presence in the Japanese market and sets the foundation for expanding
  • market opportunities and collaboration within the region's energy sector.

*1) based on the information reported by Ms. Catharina Klein (researcher of Statista) on May 8, 2024.

*2) calculated using EPA calculator of U.S. Environmental Protection Agency.

The 13,000-hour milestone not only underscores the operational excellence of Sapphire's turboexpanders, but also demonstrates its proven reliability and durability in real-world conditions. After a year of successful operation, a thorough boroscope inspection was conducted on all critical components, including the impeller. The inspection confirmed that there were no signs of wear or degradation, highlighting the potential for many more years of reliable, continuous operation.

“Sapphire Technologies is thrilled to mark this significant milestone in our expansion within the Japanese market,” said Freddie Sarhan, CEO of Sapphire Technologies. “This accomplishment highlights our dedication to setting a new standard for energy recovery systems, and also paves the way for additional growth opportunities and collaborations within the Japanese energy sector."

"The pioneering partnership with Sapphire Technologies is a pivotal step towards achieving our strategic objectives and reinforcing our commitment to sustainable energy solutions," stated Laurent Poidevin, President and Representative Director of TB Global Technologies Ltd. "We are excited to further our role in advancing cutting-edge technologies that address today’s energy challenges, while delivering substantial environmental and economic advantages."

This significant operating milestone between Sapphire Technologies and TB Global Technologies Ltd. reflects a mutual dedication to revolutionizing the energy industry. Together, they are establishing innovative benchmarks in energy technology and leading the worldwide shift towards solutions that bolster energy security, minimize environmental footprint, and foster a more sustainable planet for generations to come.

Sapphire Technologies' turboexpanders have emerged as the benchmark for environmental sustainability in the industry. By incorporating advanced technologies and innovative engineering, these turboexpanders are leading the way in reducing energy consumption and minimizing environmental impact. To learn more visit https://www.sapphiretechnologies.com.

About Sapphire Technologies

Sapphire Technologies is driving global decarbonization through developing and manufacturing energy recovery systems that harness the power of gas expansion to produce reliable and clean electricity. Sapphire Technologies’ systems are designed to convert energy wasted in pressure reduction processes into electric power without interrupting operations. By recovering this wasted pressure energy, Sapphire Technologies helps customers maximize efficiencies, improve productivity, reduce carbon emissions, offset electrical costs and achieve substantial financial returns. For additional information visit: https://www.sapphiretechnologies.com.

About TB Global Technologies Ltd.

TB Global Technologies Ltd. that plays a core role in Tokyo Boeki Group aims to become a company that contributes to the lives of people around the world and society by creating rich values as a technical partner of our customers. We contribute to the development of global energy society through the development/manufacturing/sales/maintenance services in energy related equipment, etc. such as loading arms which are our flagship product. For additional information visit: https://www.tbgtech.co.jp/en/about/group/.

Contact Details

Kite Hill PR

Lara Schembri Sant

+1 202-262-5311

lara@kitehillpr.com

Company Website

https://www.sapphiretechnologies.com/

View source version on newsdirect.com: https://newsdirect.com/news/sapphire-technologies-and-tb-global-technologies-ltd-achieve-first-of-its-kind-industry-milestone-to-accelerate-energy-innovation-in-japan-753608169

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.