Sapphire’s FreeSpin® In-line Turboexpander is eligible for an Investment Tax Credit of 40% (U.S.A). Additionally, the energy produced by the FreeSpin® system may help companies be eligible for Carbon Credits as well as Renewable Energy Certificates (RECs).
Carbon Credits are generated from projects around the world that pull greenhouse gasses, including carbon dioxide, out of the atmosphere or keep emissions from being released. Each time a project verifies it has reduced, avoided or destroyed one ton of greenhouse gas, one carbon credit is created. These Carbon Credits can be traded on various carbon exchanges and monetized.
Renewable Energy Certificates (RECs) are tradeable, market-based instruments. A REC is created for every one megawatt-hour (MWh) of electricity generated and delivered to the electricity grid from a renewable energy source.
Sapphire Technologies’ FreeSpin® In-line Turboexpander can help companies achieve their carbon reduction goals and avoid penalties.