New wood-fired furnace produces 90 percent less smoke
A Pacific Northwest renewable heating solutions manufacturer - Greenwood Technologies - is blazing a new trail in the clean technology market. The company has overhauled the traditional outdoor wood boiler to create a next generation of indoor and outdoor wood-fired furnaces, and investors are starting to take notice. Recently, Martin Tobias, formerly of Imperium Renewables, a biodiesel company located in Washington State, signed on as an investor.
Located in Bellevue, Wash., Greenwood Technologies manufactures low emission appliances that can heat spaces up to 12,000 square feet. The furnaces are available through more than 100 North American Greenwood Dealers. The company’s distribution is currently in the mid-West and Eastern states and provinces, and is expanding into overseas markets. Greenwood Technologies sales are on track to reach more than $10 million by the fourth quarter of 2008 and could reach $30 million by 2010.
“Just like other clean tech companies, we are developing competitive products that exceed the performance of similar conventional products,” noted Tom Eckmann, CEO of Greenwood Technologies. “With the rising cost of oil and gas, high efficiency wood-fired furnaces provide a significant economic relief to their owners.”
Clean tech wood boilers are helping households and light commercial businesses address rising fuel costs because of the locally available and renewable fuel source – firewood. They also produce approximately 90 percent less wood smoke and are twice as efficient when compared to traditional wood boilers. These significant benefits are making a difference to communities struggling with federal non-attainment for air quality.
Source: businesswire.com
July 29th, 2008 at 8:52 am
Sounds like a useful enhancement. Looks as if everyone is concerned with the environment (as they should be) and are trying to make sure that innovations support this cause as best they can.