Colorado Cleantech Industries Association (CCIA) awarded Radical Combustion Technologies, LLC (RCT) with a $5,000 prize at the Oil & Gas Cleantech Challenge (OGCC) on November 7, 2019, in Denver. The OGCC works to connect clean energy and technology businesses to the oil & natural gas industry. This is the sixth year of the program.
An international team of judges spent the day listening to pitches from 13 companies, after which they reviewed and voted on the winners. Technologies presented ranged from renewable thermal energy storage, pipeline leak detection, remote air emissions technology, water management and others.
The winning innovation from RCT is a combustion engine retrofit that “cleans up ignition and internal combustion engines by eliminating the spark or flame, and instead, using a chemical process to initiate ignition and combustion which dramatically reduces emissions, improves efficiency and fuel economy” as well as decreasing greenhouse gas emissions, according to Mike Manfredi, the Vice President of Research and Development at RCT.
The company’s founder and CEO Richard Thompson accepted the award and later said, “I was quite surprised, I was astounded in fact, I felt there were many other folks that we’ve talked to today that had some interesting technologies and it’s a real honor to have been selected.”
Thompson said that his two desired outcomes from the event are to find a seed investor and to make connections toward the goal of moving the business to the state of Colorado, and they are both well on the way to being fulfilled. He added “As a skier, it wouldn’t bother me at all to have to come out to Colorado.”
Shelly Curtiss, executive director of CCIA, said “After six years of successful OGCC events, we are starting to see more of these kinds of outcomes coming to fruition. This event supports business development in Colorado as well as offering a quick and direct connection to new advanced and clean technologies to an industry that desperately needs them.”
Thompson concluded, “We’re very confident that this technology, over time, will be adopted in many other industries as well.”
Additional presenting companies included:
HyET Hydrogen USA LLC
Jalema Technologies LLC
LT Environmental, Inc.
Marathon Engine Systems
Onboard Dynamics, Inc.
Pluto Ground Technologies
CCIA developed the successful Oil & Gas Cleantech Challenge model, now in its sixth year, which has seen two spin-offs in other industry (Commercial Vehicles, in its second year in 2020, and Mining, in its fourth year) in partnership with an internationally recognized team of industry leaders, including ConocoPhillips, Noble Energy, BHP, Canadian Consulate, Rocky Mountain Institute, Altira, Perkins Coie, Colorado Energy Office, Metro Denver EDC’s Colorado Resource Council and Orchid Petroleum Advisors.