The team at Pyramp has developed a thermophotovoltaic (TPV) technology to generate electricity by using industrial waste-heat. Pyramp’s systems operate quite similarly to solar cells, except instead of using solar energy, heat is converted into electricity with an energy density more than 60% higher than the competing systems.We are targeting sectors – cement and glass – that are under tremendous pressure to reduce their CO₂ emissions and which have no viable alternative for waste-heat recovery for the part of their process on which we are focussed i.e. 1000° to 1300° C.Our system is modular to devise with no moving-parts, leading to a reliable operation and reduced maintenance cost. More than 30% of global CO₂ emissions is produced by the industrial sector. A significant CO₂ emission comes from high temperature process industries as they reject waste heat into the environment due to lack of technology to recover them. Global waste heat recovery market was valued $60 bn in 2020, which is growing at 9.21% annually. This projected a $114 bn market by 2028. There is strong case, based on a compelling commercial opportunity, for the adoptions of Pyramp’s technology to recover these huge waste energies from industrial processes. Our engagement with industry in recent years has confirmed that this is seen as a problem unsolved to a sufficient degree and one that end-users are highly motivated to solve. During the summer of 2022 we are commencing 2nd stage trials with paying early adopters in the cement and glass industries. Each are top-5 companies in their global markets. We’re now seeking to engage with further interested customers and investors ahead of later trials at the end of 2022 and during 2023. Our aim is to have a fully proven system in the field by the end of 2023.