- The industrial sector produces the most global greenhouse-gas emissions, and to decarbonize, there lies a potential US$9 trillion to US$12 trillion in annual sales by 2030
- Acceleware Ltd. is a clean-tech company that is at the forefront of transformative technologies aimed at decarbonizing industrial heating
- Through RF XL and its seismic imaging software, the company is leading the charge in decarbonizing the energy industry
- Acceleware stock last traded at $0.15 per share
The industrial sector has significant potential to embrace decarbonizing operations and their product offerings.
It is an industry that produces the most global greenhouse-gas emissions and in the face of steep challenges to decarbonize, there lies a potential US$9 trillion to US$12 trillion in annual sales by 2030.
That comes as the demand among customers shifts towards a low-carbon economy, so says consulting firm McKinsey & Company’s recent article.
Enter Acceleware
Acceleware Ltd. (TSXV:AXE) is a clean-tech company that is at the forefront of transformative technologies aimed at decarbonizing industrial heating. With its two business units, radio frequency heating technology and seismic imaging software, Acceleware is making waves in the clean-tech industry.
The decarbonization movement has gained significant momentum in recent years as the detrimental impact of the carbon industry on the environment has become increasingly apparent. The burning of fossil fuels for industrial heating has been a major contributor to greenhouse gas emissions, leading to climate change and other environmental concerns.
Acceleware is dedicated to addressing this issue through its innovative technologies. One of its flagship products is RF XL, a patented low-cost, low-carbon production technology for heavy oil and oil sands. Unlike traditional heavy oil recovery techniques, RF XL utilizes clean electricity, which could potentially eliminate greenhouse gas emissions associated with heavy oil and oil sands production.
RF XL strives to be a more environmentally friendly solution that has several advantages over conventional methods. It uses no water, requires no solvent, has a small physical footprint, and can be redeployed from site to site. Moreover, it can be applied to a wide range of reservoir types, making it a versatile and sustainable option for the energy industry.
Acceleware is not only focused on the oil and gas sector. The company is developing partnerships for RF heating in other industrial applications, leveraging its proprietary CTI (coupled thermo-mechanical imaging) technology. This opens up possibilities for the utilization of Acceleware’s innovative solutions in various sectors, further supporting the global decarbonization agenda.
In addition to its heating technology, Acceleware is involved with developing seismic imaging software solutions. Its state-of-the-art software provides high-fidelity imaging, enabling the most accurate and advanced oil exploration in complex geologies. This technology plays a crucial role in optimizing resource extraction while minimizing environmental impact.
Source: Acceleware Ltd.
Investment thesis
From an investment standpoint, Acceleware has a strong financial track record. Its commitment to sustainable solutions positions the company for growth in the clean-tech sector, which is experiencing increasing demand and investment opportunities.
Investors can be confident in the company’s ability to deliver long-term value while contributing to a greener future.
With a market cap of C$15.98 million, Acceleware stock trades at a reasonable $0.15 per share. In the past year, the stock has fallen nearly 50 per cent and is far from its $0.80 a share from two years ago, however, there is a chance for a rebound.
In its recent Q3 2023 financial and operating results, the company raked in C$62,467 revenue for the three months ending Sept. 30, 2023, compared with last year’s C$53,282. This shows some growth and if the company’s Q4 2023 results have enough good news, the company’s following could grow from where it is now.
Acceleware’s future outlook
Looking ahead, Acceleware’s commitment to environmental, social and corporate governance (ESG) is further demonstrated through its partnership with Saa Dene Group, co-founded by Jim Boucher. The collaboration, known as Acceleware Kisâstwêw, aims to raise the profile, adoption and value of Acceleware technologies.
Keep watching Stockhouse for a future article that will delve deeper into this exciting ESG initiative and its potential impact on the clean-tech industry.
To sum it up, Acceleware Ltd. is working to revolutionize industrial heating with its transformative technologies. Through RF XL and its seismic imaging software, the company is leading the charge in decarbonizing the energy industry. With a strong financial track record and a commitment to sustainable solutions, Acceleware is in a position to succeed in the clean-tech sector. As the world seeks cleaner energy sources, Acceleware’s innovative solutions are paving the way for a greener future.
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