Enertopia Receives Positive 3rd Party Engineering Study

Rhea-AI Summary

Enertopia Corporation has announced a significant technology update following an engineering study by Thermal Energy System Specialists. The study confirms the potential to enhance the annual production of a one-megawatt solar PV array by up to 193 MW/h, based on a rated capacity of 1,400 MW/h per year. Key findings indicate a projected annual PV output increase of 11.8% to 13.8% under optimal conditions. The company is moving towards the fabrication phase for its Solar Booster and Heat Extractor technologies, aimed at maximizing carbon-neutral energy production.

Positive

• Potential increase in annual solar PV output by 193 MW/h.
• Projected annual PV output growth of 11.8% to 13.8%.
• Ongoing beta testing of the first rooftop Solar Booster.

Negative

• None.

KELOWNA, British Columbia, Oct. 22, 2021 /PRNewswire/ -- Enertopia Corporation ("Enertopia'' or the "Company") a company focused on building shareholder value through a combination of our Nevada Lithium claims, intellectual property, & patents in the green technology space, is pleased to announce the following technology update.

Over the past few months, the independent engineering firm Thermal Energy System Specialists, LLC. conducted engineering studies to confirm our in-house analysis on field validation and demonstration, as well as next-generation PV increase in production and co-extraction of waste heat energy.

These early findings indicate that a one-megawatt solar PV array could potentially have it's annual production increased by up to 193 MW/h per year.  This is based on a current annual rated production capacity of 1,400 MW/h per year for a one MW solar PV array.

"Enertopia is looking forward to moving into the fabrication and beta phase on the Solar booster and the Heat Extractor as we move to maximize the increased PV and thermal outputs during this next phase of development in providing carbon-neutral energy production options." Stated President and CEO Robert McAllister."

The three main goals from the detailed 9-page report.

1. Verify that existing PV/T models have the flexibility to address the specific design considerations being proposed and by applying reasonable assumptions, while also confirming that we see the same order of magnitude electrical performance improvement that has been documented at other actively cooled PV arrays.
   
   
   Results:
   
   
   Data analysis projects increased annual PV output under the top three scenarios of 11.8% to 13.8% with the increase in PV output during the month of July running between 17.4% and 19.9%
   
   
   Data analysis using the combination of PV and thermal recovery resulted in an increased annual PV output of 8.2% and thermal energy output of 14.6%
   
   
2. Identify the critical design elements of the PV/T to which the electrical (and thermal) performance are most sensitive, in order to guide the design of the cooling mats.
   
   
   Results:
   
   
   Thermal loss between layers, length of run, and flow of the cooling medium are three areas targeted for increased performance output.
   
   
3. Lay the groundwork for a model calibration exercise, in which the PV/T model will be driven with site measured weather conditions, allowing us to adjust model parameters so as to minimize the difference between modeled and measured energy production. The calibrated model will then be used as a test bed for additional cooling mat design options.
   
   
   Results:
   
   
   Data monitoring and Beta testing are underway on the first rooftop Solar Booster, which is providing PV cooling and Thermal water heating for a residential pool. 

About Enertopia:

Defines Itself as an Environmental Solutions Company focused on using modern technology on extracting lithium and verifying or sourcing other intellectual property in the EV & green technologies to build shareholder value.

Enertopia shares are quoted in the United States under ticker symbol ENRT. For additional information, please visit www.enertopia.com or call Robert McAllister, the President at 1-888-ENRT201.

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its mining or technology projects, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements.  Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes in the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. There can be no assurance that the testing for the brine recovery system will be effective for the recovery of Lithium and if effective will be economic or have any positive impact on Enertopia, or that current talks with respect to potential joint ventures or partnerships will result in definitive agreements. There can be no assurance that patent #6,024,086 will have a positive impact on Enertopia. There can be no assurance that provisional patents applications will become patents or the DOE testing will prove successful. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities.

The OTC has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Contact:
mcallister@enertopia.com
250-870-2219

View original content:https://www.prnewswire.com/news-releases/enertopia-receives-positive-3rd-party-engineering-study-301406260.html

SOURCE Enertopia Corporation

FAQ

What are the key findings from Enertopia's recent engineering study?

Enertopia's engineering study revealed a potential increase in annual PV output of 11.8% to 13.8%. Additionally, a one-megawatt solar PV array could have its annual production increased by up to 193 MW/h.

What technologies is Enertopia developing?

Enertopia is focused on developing the Solar Booster and Heat Extractor technologies to maximize carbon-neutral energy production.

What is the ticker symbol for Enertopia Corporation?

Enertopia Corporation's shares are traded under the ticker symbol ENRT.

When was the technology update released by Enertopia?

The technology update was released on October 22, 2021.

What does Enertopia's business focus on?

Enertopia focuses on building shareholder value through lithium extraction and innovative technologies in the EV and green technology sectors.