The Entrade Energiesysteme AG, a Düsseldorf, Germany-based developer and manufacturer of the E3, which it touts as the world’s smallest biomass power plant, is growing rapidly and has expanded to North and South America, the company reports. The cleantech company is part of the renowned Los Angeles-based L.A. Cleantech Incubator (LACI). Its brand new campus (LA Kretz Innovation Campus) in downtown Los Angeles was visited and opened by the U.S. Vice President Joe Biden in November 2015, says the company.
On Dec. 17, the ENTRADE team around CEO Julien Uhlig will officially open the branch and present the newest generation of the biomass power plant E3 to the public.
"The new product, which in addition to electricity and heating also produces cooling, hugely extends the application area of our innovative E3 power plant. After successful completion of prototype testing, we are now preparing the series production of the Tri-Generation in Germany," says Uhlig.
For this purpose Entrade is cooperating with the SorTech AG, based in Halle an der Saale, Germany.
The production capacities for all Entrade plants in Germany will reach up to 45 units per month. In 2015, the revenues is approximately EUR 8 million (US$8.68 million), in the coming year the startup expects dynamic growth with a turnover of EUR 20 million (US$21.7 million). The company expects 600 biomass power plants should be produced, installed and operated in various regions.
"We have a really sustainable product designed for global use on a giant world market. We can provide cheaper and cleaner electricity as the local energy supplier to 4.7 billion people at all," continues Uhlig.
Meanwhile, Entrade's research team in Graz, Austria has validated 115 E-Fuels which are eligible to be used in the E3 power plant. Beside wooden pellets, which are always necessary as a stabilizer, this includes for example hazelnut shells or kitchen waste. A joint project with the German automotive company BMW in Mountain View, California, uses such kitchen waste to refuel the electric car BMW i3.
Uhlig says, "Our goal is to use different types of waste for the production of electricity, heating and cooling. This is how we intend to come significant closer not only to the solution of the energy problem but also of the waste problem.”
With the acceptance as a portfolio company of the L.A. Cleantech Incubator, ENTRADE made a further step to realize the entry in the American market. There the company says it benefits from the excellent working and research conditions, from the incubator's network and from the increasing number of experts and capital. In September 2015 ENTRADE was the first German company that joined the NASDAQ Private Market. Registered investors can acquire shares there. ENTRADE is hopeful to raise growth capital amounting to 26 million US dollars.
Entrade was founded in 2009 to develop a small-scale biomass generator to produce electricity, heating and cooling from waste products. Entrade is part of NASDAQ Private Market and has recently become a portfolio company of the Los Angeles Cleantech Incubator as well as part of the German Accelerator program in Silicon Valley. Entrade and its engineering company Agnion Energy have been funded in over 40 government programs and manages the pop program for the german development agency, GIZ in Serbia.