HVAC Breaking News

Mar. 25, 2002: PowerCold Announces Cogeneration Collaboration With DTE Energy Technologies

March 25, 2002
/ Print / Reprints /
/ Text Size+
LAVERNIA, TX — PowerCold Corporation has announced that its wholly owned subsidiary, Power Sources, Inc., has been selected by DTE Energy Technologies to collaborate in developing on-site cogeneration projects in the northeastern United States. DTE Energy Technologies, a subsidiary of DTE Energy in Detroit, MI, believes the business can generate $12 million through 2003 and at least $20 million in projects within three years.

The projects will be supported jointly with DTE Energy Technologies and Utility Metal Research, Inc. (UMRI). Power Sources, as the marketing entity for the cogeneration systems, was acquired late last year from UMRI, a major cogeneration developer in the New York metropolitan area.

Joe Cahill, president of Power Sources, stated, "This is a highly promising and synergistic relationship that we believe will provide important new revenue and profits for us this year and in the years ahead. Our ability to offer economical and more reliable on-site distributed power systems combined with our energy efficient Nauticon evaporative condensers and EV chiller systems has opened large new markets for us."

Rick Diloia, district manager of DTE Energy Technologies, said, "The demand for on-site cogeneration units is growing steadily. Businesses need and want reliable power delivered in a cost-effective manner. This is what we are offering. I am very optimistic about the prospects for our collaboration with Power Sources and UMRI."

Marty Borusso, ceo of UMRI, said, "With the addition of PowerCold's energy-efficient products there is further significant reduction in power operating costs because of the reduced size and cost of the on-site combined heat and power systems and overall energy consumption. Now we can further reduce the total energy cost of a building by inclusion of the on-site distributed power systems."

Publication date: 03/25/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.



Image Galleries

Mini Split Installation

Twin Cities contractor Aabott Ferraro helped retrofit an older St. Paul home.


NEWSMakers: Doug Dougherty

Doug Dougherty, president and CEO of the Geothermal Exchange Organization (GEO) joins the program to discuss the latest happenings with GEO, including the drive to get included in state and federal definitions of renewable energy, plus the future of geothermal.  Posted on July 25.

More Podcasts


NEWS 07-28-14 cover

2014 July 28

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con