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.