OTTAWA, ON (September 28, 2021) NGIF Industry Grants, a division of NGIF Capital Corporation, is supporting the product development and testing activities of RadMax’s patented “common rotary core” technology. With $72,000 in approved funding, the project will help accelerate commercialization through proof-of-concept laboratory and field tests that will be conducted to validate performance, durability, and overall economic viability.
RadMax’s natural gas expander can capture kinetic and pressure volume energy in pressure letdown applications and convert it to power. It uses streaming natural gas pressure differential to generate electricity or compressed air, either of which can be used to drive the valve actuator controllers. The NGIF-funded RadMax Expander pilot project will demonstrate the economic feasibility and operational effectiveness of the unit as a means to reduce pneumatic controller and pump methane emissions at the wellhead and at gas pipeline pressure letdown stations.
“RadMax’s technology is helping solve a key heat and power generation challenge: the need to replace, retrofit, or modify existing pneumatic controllers installed before January 01, 2022 so that they are considered to be a low-vent alternative,” said John Adams, President and CEO of NGIF Capital Corporation and Managing Partner of NGIF Cleantech Ventures. “NGIF Industry Grants and its focus on startups de-risking their clean technologies through field trials and pilots is part of NGIF’s integrated model of industry validation, customer creation, and market commercialization.”
RadMax Technologies, Inc. – a Spokane, Washington-based corporation and a wholly owned subsidiary of REGI US, Inc. – is a research and development company in the business of designing, developing, and proving axial vane-type rotary power devices for civilian, commercial and government applications. They are focused on creating new, disruptive technologies that are more efficient, compact, and cost-effective than those currently available.
“Our ability to offer economical, reliable and cleantech alternatives for powering control, monitoring and communication devices is a significant breakthrough for regulators, producers and operators looking to reduce methane emissions from the over three million natural gas producing wells globally,” explained Paul Porter, RadMax President and Chief Technology Officer.
“The Canadian Gas Association created NGIF to support the type of innovation companies like RadMax are advancing. RadMax’s technology will support natural gas producers and ultimately, the entire industry so that it can continue to deliver affordable, reliable and clean energy to Canadians,” added Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation, which operates NGIF Industry Grants.
About NGIF Industry Grants
NGIF Industry Grants is a first-of-kind, industry-led grant organization created to fund early-stage startups developing solutions to environmental and other challenges facing Canada’s natural gas sector. NGIF Industry Grants develops, demonstrates and de-risks these technology solutions through field trials and pilot projects to drive innovation and support environmental goals in Canada. NGIF Industry Grants focuses is on existing natural gas production, transmission, distribution, storage, and end-use applications, as well as projects that will lead to the expanded production of emerging gaseous fuels like renewable natural gas and hydrogen. The organization has built a selection of projects, trusted partnerships with government for co-funding opportunities, and a robust technical evaluation process and granting model. NGIF Industry Grants is operated by NGIF Capital Corporation.
About NGIF Capital Corporation
NGIF Capital Corporation is a Canadian venture capital (VC) firm offering grant and equity financing for startups that deliver solutions to the environmental and other challenges facing the natural gas sector. NGIF Capital Corporation is unique in how it brings Canada’s energy industry leadership to every investment. Like other VCs, it takes new companies and their ideas from concept to commercialization. Unlike other VCs, NGIF Capital Corporation has strong connections to every part of the gas value chain, from production through to end-use, offering it a means to test, develop, and accelerate the commercial implementation of innovative gas technology wherever it fits in the sector. The model benefits consumers, investors, and Canadian society as a whole. NGIF Capital Corporation operates NGIF Industry Grants (the original Natural Gas Innovation Fund), the NGIF Emissions Testing Centre, and NGIF Cleantech Ventures. NGIF Capital Corporation is wholly owned by CGA Enterprises, a venture of the Canadian Gas Association.
The Canadian Gas Association is the voice of Canada’s natural gas delivery industry. Its membership includes natural gas distribution and transmission companies, equipment manufacturers, and suppliers to the industry. Our utility members are active in eight provinces and one territory and meet 35 per cent of Canadians’ energy needs through a network of over 566,000 kilometers of underground infrastructure. This infrastructure can also be used to deliver renewable gases including renewable natural gas and hydrogen, in order to contribute to Canada’s greenhouse gas emission reductions. Today, over 7.2 million customer locations representing approximately two-thirds of Canadians, rely on natural gas for clean, affordable, and reliable heating and power. CGA owns CGA Enterprises, which in turn owns NGIF Capital Corporation.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is developing for commercialization multiple improved axial vane type rotary devices using our patented RadMaxTM rotary technology. This technology allows for revolutionary designs of lightweight and high efficiency engines, compressors, expanders and pumps. For more information, please visit radmaxtech.com.
Vice President, Business Development
RadMax Technologies, Inc.
President and CEO, NGIF Capital Corporation
Managing Partner, NGIF Cleantech Ventures