Mark Little is an independent board member on MTPV’s Board of Directors. Over his 37-year career at General Electric, Mark served in diverse senior leadership roles in operations, research, strategic planning, joint venture development, and product management. Subsequently, as GE’s CTO and head of Global Research, Mark developed fundamental technologies to help GE compete and grow in business sectors including energy, oil & gas, transportation, healthcare, and aviation. Mark now helps other organizations by working with business leaders and boards as an advisor and mentor.
As a leader in the energy business at General Electric, my roles included running the Power Generation business where we produced gas turbines, steam turbines, wind turbines and combined cycle power plants. I have acquired struggling energy businesses and helped them become significant profit contributors, and I have nurtured new businesses to success. As CTO and head of Global Research at GE, I oversaw thousands of researchers and scientists developing advanced technologies in a broad range of businesses including aviation, transportation, healthcare, consumer goods, financial services, oil & gas, and, of course, energy where we had a strong focus on increasing efficiency, reducing cost and developing renewable solutions. After a 37-year career, I retired from GE in late 2015 with a broad experience base in energy, technology, and innovation.
With such a background, you can imagine that I have seen an array of break-through energy generation concepts that span the technology spectrum, but most of them fail to make it past the experimental stage. Because of this, it was with some skepticism that I agreed earlier this year to meet with the MTPV team to learn about their technology to recover the energy in waste heat and convert it into clean electric power, their EBLADE Power Platform. To be honest, I was expecting to see an early stage science experiment on a lab bench, far from commercial readiness, but instead I was blown away to be shown a product which is:
- At scale for implementation
- Fully functioning
- Operating in a 24×7 continuous duty cycle
- Going through lifetime test evaluation
- Demonstrating meaningful efficiency
- Enabled with real-time metrics, instrumentation, and automation
- Ready to be deployed in real-world test environments
I recognized immediately the significance of the research and development that had gone into bringing a product of such technical sophistication to a level of maturity and, ultimately, simplicity in its design execution. This was a product that was much closer to market entry than I had dreamed possible.
Waste heat recovery is not a new concept. Long-standing solutions such as steam turbines in combined cycle power plants are well understood. These designs are mature and have reached a point where improvements in efficiency and cost are achieved incrementally over time. MTPV’s approach using semiconductor chips to convert heat directly into electricity is a radically different approach that can leverage and build on the manufacturing process, investment, and scale that are already in place for the semiconductor industry, which in the early years of this new MTPV technology will help to accelerate cost reductions and performance improvements.
In addition, most other waste heat recovery technologies require a large physical footprint, are quite invasive to the industrial processes they are extracting heat from, and require complex supporting systems. By contrast, the MTPV solution is unobtrusive, is very easy to deploy, requires very little space and is very low maintenance.
Finally, some modern heat recovery approaches are using new and potentially volatile phase-change fluids to improve efficiency, resulting in the potential for safety risks when deployed. MTPV’s solid-state approach poses no such risk, so in the unlikely event of a system issue, the downside for the industrial process would be minimal.
A lifetime of experience in the energy sector has taught me that the market for this product is significant and, once it has established lifetime performance metrics and been optimized for cost, that the commercial upside for the EBLADE Power Platform would be very substantial. My excitement for the technology, the advanced stage of product development, and the depth of knowledge on the MTPV team is what quickly led me to agree to join the MTPV Board of Directors as an independent Board member.
Since joining the board I have seen continued progress in core technology research, a long-term roadmap of meaningful improvements, very promising life-cycle test results, and a clear line-of-sight to highly competitive electricity generation products.
The first set of target industries that will be ideal for the MTPV product, such as glass, steel, and oil & gas, will present a major opportunity to generate clean electric power. If that were MTPV’s only market it would be very substantial, but MTPV’s product roadmap will enable systems that can handle lower temperature industrial heat creating a market opportunity many times larger, an exciting prospect indeed to help our clients improve both their economic performance and environmental impact.
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