BorgWarner announced its next venture with Plug and Play, a global innovation platform and accelerator ecosystem for startup companies, by becoming a partner of its newly planned incubator location in Detroit. Developed through a collaboration between Plug and Play and the Michigan Minority Supplier Development Council (MMSDC), Plug and Play Detroit will supply many startup companies with resources, guidance and financing through its global innovation platform in an effort to achieve technical advancements faster than ever before. Joining forces with Plug and Play in Detroit – in addition to its existing cooperation with Plug and Play in Silicon Valley – directly connects BorgWarner to a host of smart, innovative future collaborators.
Siemens licensed patented technology from Echogen Power Systems to use supercritical CO2 as working fluid in a closed-loop power cycle to accumulate waste heat from the generating source and further convert it into electrical energy. These cycles can operate autonomously with neutral water consumption and free from the risk of freezing, which is especially important across remote cold-weather sites.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5570
Published Date: Jan 24, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing industrialization and worries about climate change are the major factors driving the growth of the ORC waste heat to power market.
The market size of ORC waste heat to power is anticipated to attain a CAGR of 16% over the forecast period, i.e., 2024-2036.
The major players in the market are Kaishan USA, ORCAN ENERGY AG, BorgWarner Inc., Siemens Energy, Echogen Power Systems, ALFA LAVAL, Corycos Group, Fujian Snowman Co., Ltd., General Electric, and others.
The less than 1000Kw segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.