Periodic Reporting for period 1 - LNGCOLD (Improving energy efficiency and reducing carbon emissions by utilization of ultra-cold energy from the regasification of liquefied natural gas (LNG))
Reporting period: 2018-02-01 to 2018-07-31
The Eco ice technology has the potential, without any self-consumption of natural gas, to create electrical power savings of 5.000 MW, i.e. to replace the fossil fuels for several large power stations. The cold market is increasingly looking for such cost-efficient and eco-friendly alternatives, as confirmed by customer feedback. Even in a conservative business scenario, which assumes a technology conversion rate of only 5%, a profitable short term growth up to a high two digit million € revenue value can be expected, as confirmed by ongoing negotiations with potential launching customers and business partners. The feasibility study did result in completing the market study, concretising the business plan and developing an optimised business model and sales plan based on already initiated business partnerships.
In the feasibility study the following topics are covered:
• Innovative Technology
• Market environment, possibilities of application and market potentials
• Relevant trends, drivers and opportunities
• Fields of application of the overall system
• Market potential, characteristics of selected geographical targets
• Competition analysis and patent research
• Market entry strategy
• New business areas for international scaling of the LNG cold recovery technology
• Sales activities
• Sales targets, cost development, investments
As main result it can be stated that the commercialisation of the innovation project of Eco ice Kälte GmbH is feasible.
The commercialisation of the future technology for LNG cold recovery will not only extend business divisions at Eco ice but also exploit the full potential of innovation management and new product demonstration in the field of highly efficient refrigeration technology within the company and in the region as well.