Perhaps even more compelling than the unique nature of this patented technology is that unlike other "Clean Technologies" which rely upon tax incentives and often have long delayed return on investment, the Tenoroc technology is a straight forward business proposition. Tenoroc's technology was not designed as "Clean Technology" to replace polluting technologies. Tenoroc believes its technology has far greater benefit than simply being "greener."
Tenoroc's patented nozzles have transformative use in multiple energy sectors. For example, these nozzles can be used to make use of vast natural gas reserves which are unviable using today's cleansing technology, or as part of a system for generating enormous quantities of electric power without the need for additional fuel by making use of massive amounts and sources of waste heat.
Any incentives, tax based or otherwise, that may or may not exist, would be in addition to straight forward profitability. The Tenoroc team expects that its technology will represent the best in class of the next generation of "Clean Technology" solutions.
Clean Technologies are defined as technologies that:
- Make use of waste streams and lesser quality natural resources
- Allow for the development and use of clean energy reserves
- Use energy, water and raw materials and other inputs more efficiently and productively
- Create less waste or toxicity
- Deliver equal or superior performance
- Improve customer profitability, through cost reduction and/or increased revenues
Clean Technology is a rapidly emerging investment area that is drawing increased interest from the venture capital and private equity community. In the last three years, more than $3 billion in venture capital has been invested in Clean Technology (also referred to as "cleantech") enterprises. Clean Technology represented about one percent of all North American venture investments five years ago; but it has grown quickly, and has ranged between 5-7 percent of such investments over the last eight reported quarters.
A recent analysis has confirmed that venture capital investors can find attractive returns in Clean Technology. The newly released report by the Cleantech Venture Network and Vortex Energy, "Cleantech Venture Investing: Patterns and Performance," analyzed historical investments in Clean Technology and estimated returns to private investors in numerous transactions. The study, the most extensive analysis of its kind in the Clean Technology space, determined that exits have been readily available to private investors in Clean Technology companies. The report identified more than sixty initial public offerings and over 700 M&A transactions, covering the period of 1987-2004. Exits were achieved across a broad spectrum of Clean Technologies, from water purification and industrial controls, to power storage and energy management.