Pacific Gas and Electric Company (PG&E) has entered into a 20-year power purchase agreement to purchase all electricity produced by GDT Tek's subsidiary RTR Global up to 1.5MW.
RTR’s patented GREEN process will convert waste heat into electricity at the facilities located in San Jose, California, tiered over the 20-year term and purchase prices ranges between $0.09/kW to $0.12/kW.
GDT Tek president Bo Linton said that GDT Tek plans to increase its PPAs and grow at a more rapid rate, but it is its primary objective to get its first project funded and operational.
Florida-based GDT Tek is focused on renewable and sustainable energy technologies.
The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries.