Grant Awarded to Support Scientific Innovation
in Clean Energy Development and Climate Solutions
TULSA,
Okla., May 24, 2022 /PRNewswire/ -- ClearSign
Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion and sensing
technologies that improve energy, operational efficiency and safety
while dramatically reducing emissions, announces that the Company
was awarded a government grant through the Small Business
Innovative Research (SBIR) program with the Department of
Energy.
The goal of this project is to develop ultra-low NOx hydrogen
burner technology which will enable the adoption of hydrogen fuel
for industrial heating, leading to reductions in the industrial
emissions of both carbon dioxide and nitrogen oxides. Current
burners and previous efforts to decarbonize industrial combustion
processes through the utilization of hydrogen fuel are inhibited by
the lack of industrial hydrogen burners capable of burning pure
hydrogen while preventing additional Nitrogen Oxides (NOx)
emissions.
"We are grateful to the DOE for this grant and for recognizing
the potential of ClearSign Core™ technology to provide burners
for the developing hydrogen economy, which has potential
substantial global ramifications, while at the same time reducing
the pollutant emissions necessary to maintain a healthy environment
today," said Jim Deller, Ph.D., Chief Executive Officer of
ClearSign. "We have previously demonstrated our current
ClearSign Core burner technology operating at full scale with over
80% hydrogen content in the fuel gas, and are confident in our
ability to provide low emissions burner technology to meet the
needs of the developing hydrogen fueled industrial burner
applications," continued Dr. Deller.
The project and funding are in phases. The initial funding
amount is approximately $250,000 and
the project will last six months starting at the end of June. If
needed, and upon completion of the Phase 1 work, the Company will
be able to submit a follow-up proposal to continue the development
work with a Phase 2 grant. Phase 2 grant funding can be up to
$1.6 million for a two-year
duration.
Through the SBIR/STTR program across the federal government,
small business powers the U.S. economy and generates thousands of
jobs, both directly and indirectly, the DOE notes. DOE Small
Business Innovation Research (SBIR) and Small Business Technology
Transfer (STTR) awards aim at transforming DOE-supported science
and technology breakthroughs into viable products and services. The
awards also support the development of specialized technologies and
instruments that aid in scientific discovery.
More information about all the projects announced by DOE today
is available at the following link:
https://science.osti.gov/sbir
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of improving key performance
characteristics of industrial and commercial systems,
including operational performance, energy efficiency, emission
reduction, safety and overall cost-effectiveness. Our patented
technologies, embedded in established OEM products as ClearSign
Core™, and ClearSign Eye™ and other sensing configurations,
enhance the performance of combustion systems and fuel safety
systems in a broad range of markets, including the energy (upstream
oil production and down-stream refining), commercial/industrial
boiler, chemical, petrochemical, transport and power industries.
For more information, please visit www.clearsign.com.
Cautionary note on forward-looking statements
All statements in this press release that are not based on
historical fact are "forward-looking statements." You can find many
(but not all) of these statements by looking for words such as
"approximates," "believes," "hopes," "expects," "anticipates,"
"estimates," "projects," "intends," "plans," "would," "should,"
"could," "may," "will" or other similar expressions. While
management has based any forward-looking statements included in
this press release on its current expectations, the information on
which such expectations were based may change. These
forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks,
uncertainties and other factors, many of which are outside of our
control, that could cause actual results to materially differ from
such statements. Such risks, uncertainties and other factors
include, but are not limited to, our performance of the Phase I
work and likelihood that we submit, and are approved, for Phase II
grant funding, general business and economic conditions, the
performance of management and our employees, the performance of our
products, our ability to obtain financing, competition, whether our
technology will be accepted and adopted and other factors
identified in our Annual Report on Form 10-K filed with the
Securities and Exchange Commission and available
at www.sec.gov and other factors that are detailed in our
periodic and current reports available for review
at www.sec.gov. Furthermore, we operate in a competitive
environment where new and unanticipated risks may arise.
Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results. We
disclaim any intention to, and undertake no obligation to, update
or revise forward-looking statements to reflect events or
circumstances that subsequently occur or of which we hereafter
become aware.
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SOURCE ClearSign Technologies Corporation