EESTech, Inc. · Wilmington, DE United States ·(OTC: EESH)
Company Description
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This link will open in a new window A development-stage company, EESTech (formerly Aqua Dyne) wants to join the wave of water purification and clean energy providers. Through its evaporation-based JetWater System, the company recovers distilled drinking water from seawater or water polluted with minerals. Rather than relying on membranes, the JetWater system uses thermal technology -- heat -- to remove impurities. EESTech promotes Hybrid Coal and Gas Turbine (HCGT) technology, which can use biomass or a combination of methane from underground coal mines and waste coal as the fuel source for power plants. It is also exploring capturing carbon dioxide from power stations. To read the full description, subscribe now.
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Key EESTech, Inc. Financials
| Company Type | - OTC: EESH |
| 2007 Employees | 1 |
EESTech, Inc. Executives
3 executives listed for EESTech, Inc.'s Wilmington, DE location.
| Title | Name & Bio | Contact |
| CEO | Murray Bailey | Network |
| COO | Graeme Lynch | Network |
| Manager Research and Development | Gregory Paxton | Network |
Competition
Competitive Landscape for EESTech, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top EESTech, Inc. Competitors
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