Pwrcor, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 30, 2021 at 09:48 pm
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PwrCor, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 189,965 compared to USD 757,639 a year ago. Net loss was USD 112,056 compared to USD 449,421 a year ago.
PwrCor, Inc. (PwrCor) is a cleantech energy technology company. The Company is developing advanced, novel solutions in the waste-heat-to-energy, geothermal, clean water, hydrogen production, and other markets. With its heat conversion technology, it is able to produce cost-effective mechanical or electric power from wasted heat-from low-grade heat in the 250 to 400 F range down to ultra-low temperatures in the 140 to 250 F range. PwrCor technology can be used to convert low levels of heat from any source, including industrial, geothermal, or solar, into sufficient mechanical power to drive reverse osmosis equipment wherever there is access to water, including sea water, without even having to produce electricity. PwrCor technology is also positioned to facilitate the Energy Transition initiative by creating power from heat generated in the production of Hydrogen and Ammonia, as well as from fuel cells, thereby reducing cost of operations.