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Independent technology review and feasibility evaluation provides key step towards commercialization for liquid cryogen engine concept – aimed at competing with hydrogen fuel cells and pure battery electric systems in zero emissions applications
As one of the leading innovators of the global transportation sector, it is perhaps unsurprising that many emerging technology companies and investors turn to Ricardo for an unbiased, informed and objective evaluations, and formal due diligence studies of their new technology-based inventions. To this end the Dearman Engine Company (DEC) approached Ricardo to carry out an in-depth review of the company’s liquid cryogen engine concept, the development work carried out to date and the market potential of a fully developed product based on this.
“Clearly we still have a long way to go to build a fully optimised demonstration engine and also get people to believe that using cold air as an energy vector is not a load of hot air,” commented Toby Peters, founder of DEC. “It is very exciting news that Ricardo has not just validated the technology and its commercial potential, but also the team working on it.”
“Our work with Dearman Engine Company highlights the very useful service that Ricardo can provide both to technology developers wishing to translate their ideas and inventions into commercial product innovations, as well as to technology investors seeking objective, unbiased due diligence services,” said Nick Owen, project director for research and collaboration at Ricardo UK. “We look forward to working with DEC in the coming months to help bring its technology closer towards commercial maturity.”
Ricardo plc is a global, world-class, multi-industry consultancy for engineering, technology, project innovation and strategy. With almost a century of delivering value, we employ over 1600 professional engineers, consultants and staff. Our people are committed to providing outstanding value through quality engineering solutions focused on high efficiency, low emission, class-leading product innovation and robust strategic implementation. Our client list includes the world’s major transportation original equipment manufacturers, supply chain organizations, energy companies, financial institutions & governments. Guided by our corporate values of respect, integrity, creativity & innovation and passion, we enable our customers to achieve sustainable growth and commercial success. For more information, visit www.ricardo.com.
The Dearman Engine Company (DEC) is a privately-owned company in the field of clean energy and energy storage, with its own novel technology. Following independent academic and industry validation and a four year PhD programme, the company is working with Ricardo and a team of leading UK academic partners, to bring its technology to market. DEC believes this zero emission engine can be lower cost than other alternative solutions, whilst offering highly competitive energy density and re-fuelling rates. It operates by vaporising liquid air with ambient heat to produce high pressure gas that drives the engine, with cold air as the only exhaust. www.dearmanengine.com