Along with their recent press release announcing a successful test of a lab version of their power plant, Estonian company Deneum have also released a white paper that outlines their scientific process and business plan. The white paper can be read here:
Below are some of the key points that they make in the white paper.
Dmitry Samoylovskikh, CEO of Deneum emphasizes the importance of moving away from fossil fuels and transitioning to a sustainable future.
“Can you imagine a fully electric aircraft with unlimited range? What if we could pay 80% less for our electricity bills? How many meaningful innovations could be brought to fruition if corporations reallocated the funds they pay for energy towards research and development? How beautiful would our cities look if all transport were fully electric and the air were pure? We believe that the time has come.”
Total planet consumption of electricity in 2016 was 20,000 terawatt-hours. Only 15 per cent of this came from renewable sources. Cryptocurrency now consumes 50 terawatt-hours per year, or 0.2 per cent of the World’s energy consumption.
Estonia is part of the Nord Pool electricity grid, where any producer on the grid can sell to any customer.
“A producer with a disruptive low-cost technology can sell to the grid at ~35 EUR/MWh or directly to corporate consumers at 50-100 EUR/MWh. ”
Moving from petroleum engines to electric engines in the transportation sector is expected to rise, but is happening slowly because low battery density and a lack of infrastructure.
“To experience a boom in growth, the industry needs a solution with autonomous and efficient power stations that give vehicles sufficient power . . . One green source of energy, provided it is more efficient than current polluting technologies, will trigger the movement towards a greener planet. That is the challenge of our generation — and we believe we must play an active role in it.”
Deneum uses a proprietary blend and structure of titanium and deuterium (heavy water) to create “excessive heat”. The heat is turned into mechanical energy and then into electricity using “our own innovative methods . . . to reach the highest possible efficiency.”
“In technical terms, the deuterium in the capsule is absorbed into a metallic crystal lattice, which is selected from a group of substances in metals that can sufficiently accept hydrogen. As mentioned above, we use titanium as the absorbing metal. The titanium, which is already present as titanium hydride inside the degassed thermal vacuum, is heated by internal batteries or by input power to a temperature of 600-1,373° K (326-1,100° Celsius) until the balanced residual gas inside the capsule reaches a pressure of no more than 1 Pa, which happens at 873° K (1,100° C). The active heating stops, and then the titanium lattice cools down to a value between 823–863° K (550—590° C). After the titanium lattice is saturated with deuterium, the deuterium is injected into the capsule with the aim of initiating the interaction. As a result, the active body self heats by 55-57° and cools back down (we call this “auto-variation”), resulting in excessive heat, which is then turned into mechanical energy. (“Excessive” means that the output energy exceeds the input energy that is spent on running the processes.)”
They state that once the power plant has started, the plant becomes “self-sufficient”, meaning that it is able to run from power generated by the plant.
Deneum prefers not to describe their process as “cold fusion” or “low energy nuclear reactions”, they are planning to publish academic reports that they hope will give their process acceptance among the scientific community.
Experience and Team
An early titanium/deuterium prototype was built in 1989 by Sergey Tsvetkov
The team is:
Dmitry Samoylovskikh CEO
Sergey Tsvetkov Technology
Sergei Godin Research
Maria Lapuk Public Relations
Artem Lukashin Investments
Max Podolski UI & UX
Deneum plans to go to market in late 2020, and deliver testing plants in late 2019. They wish to obtain control of natural resources in order not to be put at a disadvantage if the price of natural resources spike.
“Proven global reserves of titanium well exceed the amount needed to switch all energy production to Deneum technology, while deuterium reserves are almost endless, since deuterium is part of the global ocean.”
“The plan is to initially release three stand-alone Power Stations for 5 kWh, 10 kWh, and 100 kWh — the modules that are connectable in parallel to reach any output power needed.”
As far as demonstration and validation goes, the white paper states this:
“The demonstrating prototype of the Power Station will be showcasing how the technology works. The steaming is scheduled to start on October 1st, 2018. Investors with 10,000 Tokens or more are welcome to come to our European lab to see the prototype at work and meet us in person.”
Initial funding will be raised through the sales of Deneum Tokens. “Deneum Token (Ticker: DNM) is a utility token. It is not a security and it does not grant shareholders rights.”
“Deneum Tokens (DNM) are the currency consumers use to purchase Deneum electricity. Any consumer will be able to purchase a certain amount of Deneum electricity, which we will physically supply.”
Sales of tokens have already begun with private sales; pre-sales will start on October 1; public sales will start on November 15th. Prices are available on the safe.