Aerospec Technologies , founded by Lance Li , specialises in SaaS platforms , using AI data analytics to optimise and detect issues within renewable and clean energy systems , according to American Inno . The drones collect aerial footage , which is then parsed and analysed by Aerospec ’ s algorithms in order to quickly alert site owners to problems within their systems . Li told American Inno : “ Through process automation , [ site owners ] can be more efficient and generate more electricity , knowing problems before they even happen .”
RedWave Energy is a startup focused on developing tech to return excess heat into an electrical grid . The company uses miniature antennas to capture lowtemperature heat ( 300 degrees Celsius ) generated during the manufacturing process ( like glass factories and electric power plants ) and transfer it back into useable power to increase efficiency and sustainability , the Chicago Tribune reports . CEO Jim Nelson told the Tribune : “ A huge amount of heat is wasted in industrial processes , and the reason it ’ s wasted is because it ’ s no longer hot enough to turn a turbine or be useful in any other application .” The company received $ 5.5mn in funding to develop new prototypes in July 2017 .
66 April 2018