- pr.com June 1st, 2010
- Source: http://www.pr.com/press-release/238717
Rentricity, a New York-based renewable energy company, today announced a new initiative to provide municipalities with a free assessment of their potential to generate clean, renewable electricity through municipal water and wastewater treatment systems.
Rentricity’s hydrokinetic energy recovery technology transforms the untapped energy in various manmade processes, such as water mains, into electricity that will provide municipalities with an additional source of revenue and a way to offset rising electricity rates.
The company, which is affiliated with the New York City Accelerator for a Clean and Renewable Economy (NYC ACRE) incubator at NYU-Poly, received funding support from the New York State Energy Research and Development Authority (NYSERDA) in December 2009.
“Water and wastewater systems account for approximately 3% of all the power consumption in the United States,” said Frank Zammataro, President and Founder of Rentricity. “It is in the interest of every water utility director or superintendant to learn the energy recovery potential within their water system and how projects of this nature can support local and State clean energy goals.”