This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Pratt & Whitney Rocketdyne Selected To Receive Three Cost-Sharing Contract Awards Totaling More Than $5 Million From U.S. Department Of Energy

Stocks in this article: UTX









CANOGA PARK, Calif., Dec. 3, 2012 /PRNewswire/ -- The U.S. Department of Energy's Advanced Research Projects Agency (ARPA-E) has selected Pratt & Whitney Rocketdyne to receive a total of more than $5 million for three cost-sharing projects designed to improve the efficiency and reduce the cost of gas turbines in commercial-scale power plants. Pratt & Whitney Rocketdyne is a United Technologies Corp. (NYSE: UTX) company.

"We are especially grateful to be one of few organizations selected by ARPA-E for multiple awards under this single and highly competitive solicitation," said Neeta Patel, director, Energy Systems, Pratt & Whitney Rocketdyne.  "We're very pleased ARPA-E recognized the unique talents we offer to help meet U.S. energy needs, accelerate innovation in more efficient clean-energy technologies, and reduce the environmental impact on our natural resources."

The first project, Turbo-POx For Ultra Low-Cost Gasoline, is designed to improve the production of liquid fuels from natural gas.  Pratt & Whitney Rocketdyne will focus on burning natural gas more efficiently in a high-temperature, high-pressure partial oxidation gas turbine.  This technology, when combined with downstream gas-to-liquid processes, can produce gasoline derived from domestic natural gas, rather than from foreign crude oil, reducing the cost of gas-to-liquid technology by as much as 25 percent.  It can also generate electricity from heat released in the process.

For the second project, Pratt & Whitney Rocketdyne will design and build continuous detonation combustors and test them in a simulated gas turbine environment to establish the feasibility of incorporating the technology into natural gas-fueled gas turbine electric power generators. The Continuous Detonation Engine Combustor for Natural Gas Turbine technology is expected to save commercial-scale power plants $5 million annually in operating expenses per turbine.

For the third project, Pratt & Whitney Rocketdyne will develop an advanced gas turbine cycle designed to offer unmatched efficiency by using pure oxygen instead of air to burn fuel, creating extremely high temperatures. To prevent melting, the system would use Pratt & Whitney Rocketdyne's expertise in liquid rocket engines to develop advanced cooling technology.  This cycle will produce zero emissions and has the potential to reduce the amount of fuel used to power natural gas turbines by as much as 50 percent.  It also has the potential to more than double power plant efficiencies to 75 percent, and lower the cost of electricity by about 60 percent

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs