Global GHG Innovation Challenge recognizes four winners
CALGARY, Feb. 3, 2015 /CNW/ - GE (NYSE:GE) announced winners from India, Italy, the Netherlands, and the United Kingdom in the first phase of a $1 million Ecomagination Innovation Challenge.
The winning submissions address alternative uses for waste heat in the SAGD (steam assisted gravity drainage) oil extraction process, ultimately reducing GHG emissions.
GE launched the challenge in July 2014 to accelerate the development of technologies that improve productivity and environmental performance in the oil sands.
Winners will have the opportunity to work with GE's global research teams and other partners to further develop their proposed solutions, and test proof of concept.
"This is the 6th Ecomagination challenge, and it is proving to be an exceptional way to tap into global brains from across industry to solve operating challenges," said Elyse Allan, President and CEO, GE Canada. "It s an effective way to speed up the development process by working with entrepreneurs and universities to test, scale and commercialize promising new technologies. We all learn a great deal from each other."
The Phase I winners of the GE GHG Ecomagination Innovation Challenge are:
Representatives from COSIA (Canadian Oil Sands Innovation Alliance) member companies, and Alberta Innovates-Energy and Environment Solutions served as strategic advisors for the competition, working along-side GE Global Research and GE Oil & Gas technical experts to bring field operating and commercialization experience to the selection process.
Dan Wicklum, COSIA's Chief Executive noted, "This process has helped bring some of our sector's biggest challenges to a global audience. This is a great way to tap into a world of expertise and fresh perspectives. The potential environmental benefits from implementing today's winning technologies, as well as future submissions, is very exciting."
GE also announced Phase 2 of the global innovation challenge which opened today. The Phase 2 challenge is focused on finding technologies proven in other industries to enhance steam generator systems efficiency in the oil sands thereby lowering both emissions and operating costs. The deadline for submissions to Phase 2 of the GHG Ecomagination Innovation Challenge is April 9th, 2015. For more information please visit: www.geghgecochallenge.com
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com/ca
SOURCE General Electric Canada Inc.
PDF available at: http://stream1.newswire.ca/media/2015/02/03/20150203_C4791_PDF_EN_11780.pdf
Contact Information: Rahim Ladha, GE Canada, 1 647 281 7073, [email protected]; Megan Parker, GE Corporate, +1 646 682 5605, [email protected]
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