When: Wednesday, March 1 - 4:15pm
Where: The Westin Calgary
Calgary, Alberta, Canada
Radio Frequency (RF) Heating: A Low-Cost, Low-Carbon Revolution for Heavy Oil and Bitumen Extraction
Join Acceleware at the PROPEL Energy Tech Forum March 1st for a presentation on our Radio Frequency (RF) Heating Technology and how it can revolutionize the production of heavy oil and oil sands. PROPEL is the annual Energy Technology Venture Forum that brings together the best, boldest, most innovative emerging and established energy technology companies.
Acceleware’s patent pending RF XL technology is an enhanced oil recovery (EOR) technology that uses radio waves (a form of electromagnetic heating) instead of steam, driving down the cost of oil sands and heavy oil production and significantly reducing its environmental impact. It requires less energy to operate when compared to SAGD, uses no solvents, and requires no additional water.
Acceleware has partnered with GE to develop and test a high-efficiency power delivery system for RF XL, and expects to commercialize the solution within five years. RF XL targets the Enhanced Oil Recovery market, which is estimated to be worth $283 billion USD by 2020, growing at 29% annually as new development around the globe shifts to a higher reliance on unconventional resources.
This presentation will provide an overview of the technology, it's economic and environmental impact, and the addressable market for the commercial product.
You can download the presentation here
VP, Commercialization RF Heating, Acceleware Ltd.
Mike is an accomplished sales and marketing executive with a proven track record of increasing market share for a wide range of technologies. Mike brings over 20 years of experience to Acceleware. He began his career in the oil and gas industry before moving to the technology sector and now specializes in synthesizing high growth products from emerging technologies.
Before joining Acceleware, Mike launched a pathology business for a dental technology company and introduced an innovative telecommunications platform as Chief Marketing Officer of Aksys Networks. As the Vice President of Marketing at Guest-Tek, Mike was instrumental in establishing the company as a respected global category leader in the hospitality technology market, shaping the development of the company’s portfolio of products, expanding the customer base and increasing revenue.
Mike has worked in energy, utilities, telecommunications, and technology services sectors in both Canadian and international settings. Mike holds a Masters of Business Administration from the University of Calgary and a Bachelor of Commerce in Finance from the University of British Columbia.