Wasabi Energy Share Discussion Threads

[freddie01] 30/1/2013 12:08

Clean TeQ Update January 2013

[newkid] 28/1/2013 22:53

And it's Isable.

[ritzy] 28/1/2013 13:46

Already 45 additional plants identified as suitable for KC. Onwards and upwards people.

[moormoney] 28/1/2013 12:02

At last it seems we're off to the races! Great news and only the beginning.

[wilba] 28/1/2013 09:10

Rude not to.

[induna123] 28/1/2013 08:19

This is amazing news.

[spike_1] 28/1/2013 07:52

Excellent indeed. Anyone seen a brokers note on WAS for some form of valuation?
Best wishes - Mike

[freddie01] 28/1/2013 07:12

Excellent news this morning.

[freddie01] 25/1/2013 12:09

China's geothermal energy could run the country for 260,000 years


China holds potential geothermal energy between 3,000 and 10,000 meters below the surface of the earth equal to 860 trillion tons of standard coal, a storage which is estimated to have a lifespan of 260,000 years using current figures for energy consumption.

The Ministry of Land and Resources underwent a national survey on the distribution of geothermal energy over the country between 2009 and 2011, re-evaluating the storage of shallow geothermal energy in 287 cities, geothermal energy in 12 sedimentary basins and 2562 hot springs regions, as well as the potential hot-dry-rock geothermal power at between 3,000 and 10,000 meters below the surface of the earth, reports our sister newspaper the China Times.

The results showed that the total shallow geothermal energy storage is commensurate with 9.5 billion tons of standard coal. The usable part is about 350 million a year, which can save 250 million tons of standard coal and reduce 500 million tons of carbon dioxide emissions in a year if the energy is fully exploited and used.

The geothermal power in sedimentary basins is commensurate with 853 billion tons of coal, while the usable part for a year is equal to 640 tons of standard coal, which can reduce 1.3 billion tons of carbon dioxide emission a year.

The survey found the total geothermal energy stored between 3,000 and 10,000 meters below the surface of the earth is about equal to 860 trillion tons of standard coal, which is 260,000 times China's total energy consumption a year.

Geothermal energy is a kind of renewable energy, originating from the original formation of the earth and radioactive decay of minerals. The ministry said the country is moving slowly to exploit the rich energy and need to push the reusable project soon.

A report by Massachusetts Institute of Technology said the United States only has to exploit 2% of its geothermal energy between 3,000 and 10,000 meters below the surface of the earth, which is able to offer electricity equal to 2,500 times the country's total electricity consumption a year.

[freddie01] 25/1/2013 12:08

China on Track to Increase Geothermal Energy Development and Utilization

Beijing, China-- Guan Fengjun, head of the Geological Environment department at the Ministry of Land and Resources said that China will start a geothermal energy exploration and development project over the next five years, with the intention of promoting the utilization of geothermal energy across the country. Usage is expected to reach 68.8 million tons of standard coal equivalent [in terms of generation, that's equal to about 560,000 GWh of electricity*] by 2015, accounting for 1.7 percent in the country's overall energy consumption.

Data shows that the amount of utilizable heat in shallow geothermal energy resources in the country's 287 prefecture-level or higher cities, is equivalent to 350 million tons of standard coal annually (which could generate more than 2.8 million GWh of electricity*) based on the present development model. If properly harnessed, and after deducting the cost of electricity used for development and utilization, the country's geothermal energy could keep 250 million tons of standard coal in the ground and reduce carbon emissions by 500 million tons.

Energy reserves in the country's 12 major geothermal basins amount to 853 billion tons of standard coal equivalent (which could generate about seven billion GWh of electricity*), and the output of the country's 2,562 hot springs is equivalent to 4.52 million tons of standard coal. In the present economic environment with available technologies, usable heat produced each year equates to 640 million tons of standard coal, reducing carbon emissions by 1.3 billion tons.

Geothermal energy has great potential in China as hot dry rock resources are at depths ranging from 3,000 to 10,000 meters. There are up to 860 trillion tons of standard coal equivalent (which could generate more than seven trillion GWh of electricity*), or 260,000 times more than China's annual consumption of energy from all sources combined.

For many years, China has been utilizing more geothermal energy than any other country worldwide, Guan said. By the end of 2010, the surface area across the country where geothermal heat is being generated covered 35 million square meters, with total installed capacity of high-temperature geothermal power totaling 24-MW. Approximately 500,000 tons of standard coal equivalent of geothermal energy were used by spas and farmers as part of their planting process.

In order to advance the development and utilization of geothermal energy, the Ministry launched a shallow geothermal energy evaluation pilot project in 2008 in the city of Tianjin. The project demonstrated that shallow geothermal energy is more likely to be used by public use facilities such as exhibition centers and gymnasiums.

Chen Xiaoning, deputy director of the geological environment department of the Ministry of Land and Resources, said that the ministry plans to extend the pilot project to other provincial capitals over the next three years, in an effort to establish the size of available reserves of geothermal energy resources in each city, determine the areas where development and utilization are available and make proposals on the best use of identified resources, as well as establish a monitoring network.

In 2010, China's coal consumption approached 3 billion tons with the overall energy consumption equal to 3.25 billion tons of standard coal. With such an extensive use of coal, it behooves the country to develop its geothermal energy sector as part of the overall strategy to reduce carbon emissions and move the country away from its overdependence on coal.

[dadob1] 18/1/2013 14:52

Been looking at these for a while and I can't convince myself to buy.

Do companies want to employ peoples to run a generating plant within their businesses?? Do they sub it out at a cost?? Diversifying??

[briangeeee] 15/1/2013 08:38

This could be a huge company if they keep buying all their customers.
Certainly an alternative to giving the product away for free trials.

[freddie01] 14/1/2013 13:38

New Webcast.

[andrbea] 04/1/2013 10:11

29 Dec

Wasabi Energy Limited (ASX:WAS, AIM:WAS, OTCQX:WSBLY) ("Wasabi"), an emerging power producer, is pleased to
announce that its subsidiary, Aqua Guardian Group ("AGG"), of which Wasabi owns 79.2%, has completed its first
mine site sale and deployment in Western Australia with AngloGold Ashanti Australia ("AGAA").   
AGAA has taken the lead on environmental excellence in water management by signing an agreement with AGG to roll
out its innovative modular evaporation and algal control system, AquaArmour™, at the Tropicana Gold Mine in
Western Australia. AngloGold Ashanti Australia's parent company, AngloGold Ashanti, is the third largest gold
producer in the world. It has 20 sites in operation across 10 countries with a focus on four operational regions which
all display semi‐arid to arid, water stressed zones, namely; South Africa, Continental Africa, Australia and the
Americas.
Executive Chairman of Wasabi, John Byrne, commented, "The deployment of AquaArmour™ in the mining industry is
a significant step forward in the ongoing evolution of AGG.  The mining sector has been a key target market due to the
large number of mine sites in arid, water stressed areas and the importance of water to the mining process and to the
local communities. In Australia there are 364 operating mines
1
. Approximately half of these mines are located in
Western Australia, South Australia or the Northern Territory. The majority of mines use open water storage facilities
and are located in arid areas (e.g. western and central Australia) where water availability is relatively low and access
to water is expensive.   
In 2011 over $8.3 billion was spent by the mining industry on water with the Australian mining industry incurring a
total water expenditure of $1.5 billion, which was more than any other country and almost double the next biggest
spenders being Chile and China
2
.
With their rigorous health, safety and risk management assessments, this sale and deployment to a global mining
company, demonstrates the compliance of the AquaArmour™ product and we expect an increase in mining sales.   
The product has already been tested and successfully deployed in a number of environments, ranging from residential
water, storm water harvesting and now mine site uses, for the effective mitigation of evaporation, algal control and
maintenance of water quality.  

[freddie01] 03/1/2013 16:59

Wasabi Energy shares power up as it starts Asian revolution

Wasabi Energy (LON:WAS, ASX:WAS) revealed it has paid around US$5.6mln for the first instalment to buy 50.5% of Shanghai Shenghe New Energy Resources Science & Technology (SSNE).
The specialist power company, whose Kalina Cycle technology recycles heat from industrial processes to generate electricity, put up the cash on behalf of its new subsidiary Wasabi New Energy Asia (WNEA).
The payment was partly settled by the issue of just under 40mln Wasabi shares at 1.8 cents each.
SSNE, which is the Kalina Cycle licensee for China, Macau, Taiwan and Hong Kong, has been operating within the market in China since 2007.
WNEA is being set up to take advantage of the Asian power market and to advance the use of the Kalina Cycle and SSNE's patented Enhanced Rankine Cycle power technology throughout in Asia.
Once it is established Wasabi will hold over 50% of WNEA and will have the right to appoint the majority of the board.
WNEA looks set to take Lions Bay Capital's place on Toronto's junior market after signing a letter of intent with the firm for it to become WNEA.
The company said the process is expected to be completed in the first quarter of 2013, adding that it also plans to list WNEA on an Asian exchange.
John Byrne, Wasabi's executive chairman, said: "Wasabi Energy is entering into a new phase of its evolution as a leading power producer utilising our proprietary Kalina Cycle technology with the establishment of Wasabi New Energy Asia (WNEA). The Asian market offers significant opportunities especially within China.
"WNEA commences operations with a strong, capable proven management team at SSNE and will be enhanced by an experienced management team in Asia.
"For the shareholders of Wasabi Energy, WNEA offers an opportunity for leveraging our proprietary Kalina Cycle technology into an Asian based company that will be separately listed on the TSX-V and subsequently on an Asian stock exchange," he added.
"By having a separate listing WNEA will be responsible for its own fund raisings and not be dilutive to Wasabi Energy. The value created within WNEA should be reflected back into Wasabi Energy.
"We are very excited by the commencement of WNEA and look forward to its growth as a power company within Asia."
Shares shot up 7.7% to 1.26p on the news.

[skinny] 02/1/2013 12:20

Highlights:

· AUD$6,150,000 raised through the issue of Secured Loan note

· US$4,850,000 utilised for next stage of Wasabi New Energy Asia development

· Provides momentum to the Kalina Cycle® focus for Wasabi



Wasabi Energy Limited (ASX:WAS, AIM: WAS, OTCQX: WSBLY) ("Wasabi"), an emerging power producer, announces that it has paid approximately US$5.6 million, on behalf of Wasabi New Energy Asia (WNEA) for the first payment to purchase 50.5% of Shanghai Shenghe New Energy Resources Science & Technology Co Ltd (SSNE), the Kalina Cycle® licensee for China, Macau, Taiwan and Hong Kong. This payment was partly settled by the issue of 39,767,756 Wasabi shares at 1.8c per share.

As announced on 12 November 2012, WNEA is being established to advance the use of the Kalina Cycle® and SSNE's patented Enhanced Rankine Cycle power technology throughout the Asian region. Following the establishment of WNEA, Wasabi will hold over 50% of WNEA and will have the right to appoint a majority of the Board.

[freddie01] 17/12/2012 21:26

AAP Carbon has been granted a Kalina Cycle license for sub-Saharan Africa as part of a recent agreement with Wasabi Energy, which has increased its stake in the company from 25 to 62.5 per cent

With real growth at five per cent of GDP, sub-Saharan Africa is one of the world's fastest growing regions and provision of reliable power is a key component to ensure ongoing economic growth, Wasabi said.
AAP Carbon's flagship co-generation plant is the 20MW International Ferro Metals power plant, where carbon monoxide-rich waste gas is harnessed to produce in excess of 160mn kWh per annum of low-emission electricity for International Ferro Metal's use.
Wasabi has been in discussions with AAP Carbon regarding the installation of a power plant utilising Kalina Cycle technology. The technology, developed by Global Geothermal, can be used to recycle waste heat generated from power plants, producing up to 20 per cent additional electricity.
John Byrne, executive chairman of Wasabi Energy, said, "Wasabi Energy has been working closely with AAP Carbon since early 2012. We are impressed with the opportunities available to the group in South Africa and Sub-Saharan Africa with a number of projects being well advanced.
"The joining together of AAP Carbon with Wasabi Energy's business development activities provides a powerful combination of expertise, proven track record in the development and implementation of projects and a unique offering with the combination of chemical and thermal energy conversion with the use of the Kalina Cycle."
Under the terms of the transaction, AAP Carbon issued 15.2mn new shares and 4.7mn warrants exercisable at US$0.10 to Wasabi as consideration for an exclusive Kalina Cycle license (excluding the cement and lime industry which was granted to FLSmidth) and Wasabi's business development activities in Sub-Saharan Africa.
In addition to industrial waste heat applications, the Kalina Cycle can be utilised with heat from renewable sources such as geothermal and solar thermal using a binary power plant.
Currently, there is approximately 217MW of geothermal energy produced in Africa, with most coming from flash steam power plants using high temperature sources from the geothermal fields in Kenya (202MW) and where there is also a 140MW geothermal plant under construction.
According to the Geothermal Energy Association, the remainder of the geothermal power in Africa largely comes from Ethiopia.
The Sub-Saharan African market offers abundant opportunities for the development of AAP Carbon with its portfolio of chemical and thermal energy conversion for both the industrial waste heat and renewable heat sectors, Wasabi added.
According to a recent study by the World Bank's African Energy Unit (AFTEG) of the 54 African nations, 25 face an energy crisis, with experts predicting that unless stronger commitments are put in place to reverse current trends, half of the population of Sub-Saharan Africa will be without electricity by 2030.