TULSA,
Okla., Aug. 29, 2023 /PRNewswire/ -- ClearSign
Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion and sensing
technologies that improve energy, operational efficiency and safety
while dramatically reducing emissions, today announces that the
Company was awarded a Phase 2 government grant through the Small
Business Innovative Research (SBIR) program with the Department of
Energy (DOE).
This project is being funded by a government grant through the
SBIR program with the DOE to support scientific innovation in clean
energy development and climate solutions. This second grant award
follows the successful development and demonstration of a ClearSign
Core™ Ultra Low NOx burner fueled with 100% hydrogen, which was
funded by the Phase I grant amount of $250,000. This Phase 2 government grant award was
for the maximum amount of $1.65
million for a two-year duration, which the Company intends
to apply to the development of ultra-low NOx hydrogen burner
technologies.
"This project has been a great place for us to be able to
highlight the capabilities of our ClearSign Core™ technologies,"
said Jim Deller, Ph.D., Chief Executive Officer of
ClearSign. "Adding hydrogen to fuel gas increases NOx
emissions, which are toxic, regulated, and limited by the operating
permits of our customers. We do believe that in providing the
Ultra-Low NOx 100% hydrogen capable burner technology, which is the
objective of this Phase 2 grant, we will promote clean air and
enable the adoption and growth of the hydrogen economy while
enabling our customers to maintain compliance with their low NOx
emissions requirements. We appreciate the opportunity that
the DOE provides us with this Phase 2 grant, and the ongoing
collaboration with worldwide burner supplier Zeeco Inc. that
enables us to pursue projects of this scale." concluded Dr.
Deller.
The goal of this project is to develop ultra-low NOx hydrogen
burner technology, which the Company believes will enable the
adoption of hydrogen fuel for industrial heating, leading to
reductions in the industrial emissions of both carbon dioxide and
nitrogen oxides. Current burners and previous efforts to
decarbonize industrial combustion processes through the utilization
of hydrogen fuel are inhibited by the lack of industrial hydrogen
burners capable of burning pure hydrogen while preventing
additional Nitrogen Oxides (NOx) emissions.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of improving key performance
characteristics of industrial and commercial systems,
including operational performance, energy efficiency, emission
reduction, safety and overall cost-effectiveness. Our patented
technologies, embedded in established OEM products as ClearSign
Core™ and ClearSign Eye™ and other sensing configurations,
enhance the performance of combustion systems and fuel safety
systems in a broad range of markets, including the energy (upstream
oil production and down-stream refining), commercial/industrial
boiler, chemical, petrochemical, transport and power industries.
For more information, please visit www.clearsign.com.
Cautionary note on forward-looking statements
All statements in this press release that are not based on
historical fact are "forward-looking statements." You can find many
(but not all) of these statements by looking for words such as
"approximates," "believes," "hopes," "expects," "anticipates,"
"estimates," "projects," "intends," "plans," "would," "should,"
"could," "may," "will" or other similar expressions. While
management has based any forward-looking statements included in
this press release on its current expectations on the Company's
strategy, plans, intentions, performance, or future occurrences or
results, the information on which such expectations were based may
change. These forward-looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties and other factors, many of which are outside
of our control, that could cause actual results to materially
differ from such statements. Such risks, uncertainties and other
factors include, but are not limited to, the likelihood that we are
able successfully complete the ultra-low NOx hydrogen burner
development project funded by the Phase 2 government grant, general
business and economic conditions, the performance of management and
our employees, our ability to obtain financing, competition,
whether our technology will be accepted and adopted and other
factors identified in our Annual Report on Form 10-K filed with the
Securities and Exchange Commission and available
at www.sec.gov and other factors that are detailed in our
periodic and current reports available for review
at www.sec.gov. Furthermore, we operate in a competitive
environment where new and unanticipated risks may arise.
Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results. We
disclaim any intention to, and, except as may be required by law,
undertake no obligation to, update or revise forward-looking
statements to reflect events or circumstances that subsequently
occur or of which we hereafter become aware.
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SOURCE ClearSign Technologies Corporation