Herten, Germany, Mar. 13, 2006 — Aqua Society Inc. announced that Loick AG has commissioned Aqua Society GmbH (Aqua GmbH), the company’s wholly owned subsidiary, to supply and install a waste heat power generation system that will be used to produce electricity from the waste heat generated by one of Loick’s existing biogas power generators.
Loick AG is company based in Dorsten, Germany that specializes in the development and production of renewable energy resource products such as bioplastics and biogas energy systems. The biogas energy systems produced by Loick are used to supply electricity to the public grid in Germany.
The price of the unit to be installed by Aqua GmbH is over $350,000, and is payable in installments, the final of which is to be received upon successful installation.
The waste heat power system to be installed by Aqua GmbH will increase the biogas generator’s overall efficiency, entitling the system’s operator to an extra subsidy of 0.02 per kW/H under the German Renewable Energy Sources Act.
The system will also generate electricity from the waste heat produced by the Loick system, which will then be fed to the power grid. By doing so, it is expected that the waste heat power system will be able to increase the overall power output of the Loick system by at least 20 percent.
Statistics published by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety indicate that the amount of electricity generated by biogas units under the Renewable Energy Sources Act more than doubled over the past year, increasing from 1.4 billion kW/h in 2004 to 3.2 billion kW/h in 2005. There are currently more than 2,000 biogas facilities operating in Germany.