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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is a Canada-based company that develops clean-tech decarbonization technologies. The Company has two business units: Radio Frequency Heating Technology and Seismic Imaging Software. Its segments include High-Performance Computing (HPC) and RF Heating. Its HPC segment sells proprietary high-performance computing software and related consulting services and training programs primarily to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to the Company’s proprietary enhanced heavy oil and oil sands production technology. It is focused on developing RF XL, a patented low-carbon production technology for heavy oil and oil sands. Its RF XL technology eliminates greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. Its seismic imaging software solutions are for high fidelity imaging, providing the advanced imaging available for oil exploration in complex geologies.


TSXV:AXE - Post by User

Comment by in4longrunon Apr 10, 2021 12:12am
197 Views
Post# 32972060

RE:In The News: Calgary Journal

RE:In The News: Calgary JournalThe following is an excerpt from that Calgary Journal article. I didn't know they were looking into hydrogen applications already.  That's a pleasant surprise.  I'm not sure what they've got up their sleeves though.  I guess time will tell.  For now though, all focus is on the commerical pilot tests at Marwayne.

Okoniewski also imagines the possibility of an even cleaner future.

“I think that oil is going to be used for quite some time, not just as an energy source but also the raw materials. But just imagine, and this is not what we’re working on immediately, but imagine that instead of producing oil, you could actually produce hydrogen in the future,” Okoniewski says.

“If you could find an interesting way of producing hydrogen in the future or, you know, in a way in which you don’t produce carbon on the surface, that leaves the carbon underground. That is a phenomenal future, and it will likely require technology like ours.”

Okoniewski predicts that, in addition to scaling up RF XL production, Acceleware will also be doing a lot of research into using hydrogen as renewable energy in the coming future. As for Okoniewski, he hopes to see himself spending more time in the mountains and less time in the office.



blitzer2 wrote: https://calgaryjournal.ca/2021/04/07/u-of-c-scientist-studies-how-radio-waves-could-be-harnessed-for-clean-oil-extraction/


https://calgaryjournal.ca/2021/04/07/u-of-c-scientist-studies-how-radio-waves-could-be-harnessed-for-clean-oil-extraction/


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