New technology converts industrial waste heat into power, draws $100M investment

Kanin Energy received up to $100 million in equity financing from S2G Investments and Canada Growth Fund to develop and operate waste heat-to-power projects in Canada and the US. Organic Rankine Cycle systems convert up to 58% of energy lost by industry into electricity without additional fuel.

• Up to $50 million from S2G Investments and $50 million from Canada Growth Fund
• Up to 58% of energy consumed by industry is lost as waste heat
• Portfolio includes about 50 MW of projects, operational or under construction
• Mewbourn WHP project in Colorado in development; existing facility supplies University of Dayton