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So looking having -- water our -- and Carroll had a lightbulb moment.
What if the water flowing through the pipes could be converted to energy.
Now eleven years later his company -- -- city is doing just that helping cities and companies turn water into anarchy.
Today he's here -- meet to discuss the power hitting behind heights and the current market for -- anarchy.
Explain to me the process through which friend Chris and he turns water into anarchy.
Okay well first of Hydro is probably the forgotten renewable energy.
And there's this incredible connection.
Between water and energy.
Approximately 400 billion gallons of water flows through pipes in the great majority of it is what's -- gravity fit.
Meaning that it flows from a high elevation.
To a low elevation.
And when this what are comes down hill he needs to be regulated and slowed down.
And valves are deployed by water operators those valves squeeze the column of water creating friction.
And then what happens is it slows down the pressure.
What -- interest that he does is takes advantage of that wasted pressure that wasted energy that wasted heat we deploy what's called -- pump.
That operates in reverse as a -- And we regulate the pressure but now we're spinning and and Heller or -- -- inside this device which is now connected to a generator which now creates clean renewable energy.
So in -- -- you're taking the pressure generated and turning it and electricity absolutely it is simply an untapped source.
Of energy and as I said with 400 billion gallons a day flowing through pipes it's something that we need to start paying attention about.
And what are the people using my company's services giving anarchy -- -- -- -- Well -- give me an example the city -- New Hampshire this is a city of about 25000 people.
They process about three million gallons of water every day for people to consume.
And what they're doing is installing to bring trees to be -- -- technologies in -- water treatment facility.
The inflow of this water and the pressure reduction is then converted.
Into electricity using -- devices and it's powering up.
Here entire water treatment plant making it the very first energy neutral water treatment -- powered by its own inflow of water.
So -- French city manufacturing.
Are you just managing services we provide three things we provide equipment.
Equipment and design and then equipment design and even potentially financing.
You got the idea for the company and it out and -- What sort of challenges did you face in getting at around you know and it's -- great question and down initially after.
Envisioning this idea.
We decided that we would pilot we needed to test now -- concept and could we do that.
We were lucky enough in the 2004 time line to receive grants from the state of Connecticut and Rhode Island.
Which allowed us to further flesh the sale and we actually ran a pilot for about four years it took us to get the unit up and running.
So that -- are you -- that that was in Stamford Connecticut -- on water allowed us to do this in one of their vaults.
And we tested the system we've learned how would actually operates with in the water flows.
And that we completed that that project in 2008.
We went line for commercial in 2009.
And since that time -- Three commercial installations already in the ground the city of -- being one of them at about five in the current development of high point.
And even -- background that type of technology out a little bit about.
Where you came from and I got the skills to create a company.
-- I'm ex Wall Street executive -- was born and bred through Merrill Lynch and loved working for that company for about 21 years.
I left in 2000.
And I decided to do something entrepreneurial.
When we went commercial we were lucky enough to join.
Speaker which is a incubator in lower Manhattan.
At 137 -- street.
And this is co funded by the State of New York as well as the local mayor's office and they allowed us.
To get rent subsidized space and allowed us to -- to take advantage of students from and why you Polytechnic.
So we've been incubating in Manhattan.
-- were born and bred in Manhattan.
And we obviously.
Developing growing business you just earlier this month announced a major partnership with the city of Bethlehem Pennsylvania you tell me a little bit more about that you know.
Yeah we're -- city has been very interested in finding sites that have -- -- In -- the five year or less time frame this becomes very -- the sensible with internal rates of return.
In that's when he -- 55%.
Based upon subsidies that are available for clean energy.
So Bethlehem in fact had three.
We were able to at least do an initial assessment and convince the media leaders of that city.
Two a sign off and basically buying into -- trustees project finance framework.
So we're gonna actually start.
That deeper assessment this fall and we're hoping to develop at least one of those three sites.
In between a fourteen time for them to take a lot to convince officials that that system really work well.
What are utilities.
To sales cycles at the classic BTG or business to government level are longer.
And that's why wintry city is actually now looking at other kinds of businesses like industrial food processors.
You'd be amazed to know how much water.
Is actually used to process turkeys for example.
And this is another great opportunity with a short sales cycle I'm a product.
Well I'll give -- an example we visited a Turkey processor.
Few weeks back they process about 20000 birds a day.
And they use 400000.
Gallons of water every single day that -- pressurized.
And being reduced enormous opportunity here to create.
An offset to their electricity usage and they can really power the entire company -- using the lot -- -- -- there they would probably.
Power a piece of their plants may -- five to 10% of their energy cost would be reduced.
That goes right to the bottom line.
So from a corporate perspective it's -- -- -- tremendous value.
Pharmaceutical firms mining operations.
All these other industries are huge users of water and take advantage of this on the inlet side of their -- so we're just now.
Starting to look at the industrial use of this capability.
And we believe that our sales cycles will certainly short and -- cannot forgive me here and -- thanks Gabriel.
For Fox Business background and -- out -- out.
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