The list of Summerland companies being recognized for technological innovation continues to grow.
ElectroMotion Energy, developers of the Revolution heating and power generation platform, have been named to the 2016 “Ready to Rocket” list, which profiles technology companies that are best positioned to capitalize on tech sector trends that will lead them to faster growth than their peers.
“We are flattered and very honoured to be recognized,” said Jai Zachary, CEO and founder. “We have been trying to stay under the radar all these years as we develop our tech to the point where we are ready to come out and share it.”
“We are expecting 2016 to be a big year for ElectroMotion as the market has been waiting for our Revolution to be production ready and we’re now there,” said Zachary.
Years of development or, as Zachary calls it, evolution has gone into the Revolution, a new energy system designed to replace traditional heating, cooling and hot water systems with a single unit.
“I like to say it is all about heat,” said Zachary, pointing out that electricity is generated using various forms of heat—coal, nuclear, natural gas—all of which waste a lot of energy to produce the amount we use.
The Revolution uses diesel, natural gas or propane to generate electricity, with the excess heat going to heat your house and make hot water.
”So, there are no losses. It’s three times more efficient,” said Zachary. Excess electricity is fed back into the grid and used to reduce neighbouring electrical demand – even providing backup heat and power during electrical outages. The Revolution has applications both in remote areas where electricity is expensive to generate, but also as an integral part of infrastructure in any community where it would lower both costs and improve the security of power generation. ElectroMotion isn’t the first Summerland company to be named to the Ready to Rocket list. In 2015, Mazza Innovations, where Dr. Joe Mazza was developing his process to cleanly extract chemicals from plant materials, was also named as a top technology company.
The Ready to Rocket list has been compiled by technology consulting firm Rocket Builders for 14 consecutive years, and is considered a predictor of privately-held tech companies that will likely experience significant growth in the coming year.