Acceleware Ltd V.AXE

Alternate Symbol(s): ACWRF

Technology Software - Application

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.

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Acceleware Ltd > Future oil sands

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Post by SprengoMon May 13, 2021 9:06am

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Post# 33190317

Future oil sands

Hi,

I'm doing DD on acceleware and I'm really liking the technology.
The big risk I see is more related to the economics of oil sand production.
It is known that these are one of the most costly to develop, which will remain even if RF XL can reduce the cost with 30% - based on this data (https://knoema.com/infographics/vyronoe/cost-of-oil-production-by-country).
So my question is, how big do you think that the addressable market is for RF XL?
Climate concerns and economics surely must impact willigness of oil companies to invest in these assets?
The big plus I see is that Canada may strategically need domestic oil production and so will keep investing in it.

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