PwrCor, Inc. engages in delivering energy infrastructure and alternative energy solutions to a range of commercial customers and to institutions, such as hospitals and universities.
The company has two major business components. The first major business component is the management of infrastructure projects for commercial and institutional customers. These projects typically involve some combination of energy infrastructure components, including electrical power generation, steam production, or...
PwrCor, Inc. engages in delivering energy infrastructure and alternative energy solutions to a range of commercial customers and to institutions, such as hospitals and universities.
The company has two major business components. The first major business component is the management of infrastructure projects for commercial and institutional customers. These projects typically involve some combination of energy infrastructure components, including electrical power generation, steam production, or chilled water production, as well as the infrastructure to distribute these services. Generally, the company acts as the representative of the customer in overseeing and managing an infrastructure project, or can take the role of project developer under an agreement with the customer. The company operates in this first business component under its subsidiary, Cornerstone.
The second major business component is the commercialization of its own proprietary engine technology, which converts low-grade heat to mechanical energy. The company is actively marketing the technology particularly for power generation, and installed the first of its engines approximately a year ago. The company operates in this second major business component under its subsidiary, Sustainable.
The company’s primary markets are large domestic non-profit institutions and organizations, particularly where electricity rates are high, and localized in the Northeast; the waste-heat-to-energy and geothermal marketplace, primarily domestic, typically power generation; and the independent power producer market, also primarily domestic. All of these markets are large and multifaceted with no dominant customers.
Cornerstone is an energy infrastructure project management company focused on healthcare and higher learning institutions. Sustainable is focused on the alternative energy business, with an emphasis on its proprietary ‘green’ engine technology.
The company's technology is well suited to the waste heat recovery market as related to industries that create wasted heat as a result of their manufacturing or production processes. The company has branded its engine technology ‘PwrCor’.
Strategy
The company is pursuing three growth initiatives, such as acquiring and applying ‘cleantech solutions’ - technology, equipment and methods to solve client needs and provide a competitive advantage, such as cleantech engine technology; making strategic acquisitions and entering into strategic joint ventures in and around its core areas of expertise; and establishing and leveraging alliances, a number of which are established or in some level of development. The company also intends to source business by helping companies offer a uniquely competitive financing and development platform to existing and prospective non-profit clients, such as universities, hospitals and municipalities. The company focuses on selecting the right technology or technologies for each project.
History
The company was formerly known as Receivable Acquisition & Management Corporation and changed its name to PwrCor, Inc. in 2017.