An Oregon startup may have developed a technology that could potentially save the specialty metals industry hundreds of millions of dollars in energy costs.
The system, developed by KW Associates, is added to titanium and nickel refining furnaces that drastically reduces waste and improves overall safety in the melting process, according to Oregon BEST.
“Our technology could save 40 to 50 percent of the energy currently lost in the use of these furnaces, while improving ingot quality, and reducing much of the $800 million in lost revenue through material waste and associated electrical inefficiencies each year.”
– Paul King, president and CEO of KW Associates.
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Original article posted in The Portland Business Journal