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</o:shapelayout></xml><![endif]--></head><body lang=EN-CA link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>Tom<o:p></o:p></p><p class=MsoNormal>Borealis Wood Power is the North American distributor of the Spanner Holz-Kraft CHP that delivers 45kWe and 110 kWt<o:p></o:p></p><p class=MsoNormal>As to make a decent ROI we need to have the end user to have a need for 6,500 hours or more of the demand.<o:p></o:p></p><p class=MsoNormal>Spanner RE2 is over the 250 unit mark in the European Union market and the large majority of these are 7,000 plus hours/year customers.<o:p></o:p></p><p class=MsoNormal>And as noted some of the countries have a premium feed in tariff and that helps on the electrical side, but the thermal has to be considered first.<o:p></o:p></p><p class=MsoNormal>I get regular e-mails and phone inquiries from people who want to explore generating electrical power using their wood chips, but when asked what they are going to use the thermal for, they draw a blank, as they were only considering the electrical side. Competing with more expensive and highly fluctuating cost fuels as propane or oil there is a good ROI and electrical generated heat comes in as well.<o:p></o:p></p><p class=MsoNormal>The overall efficiency of the plant, using wood chips with moisture content of 13%, thermal efficiency: 56.1% and electrical efficiency of 23.3%.<o:p></o:p></p><p class=MsoNormal>Our full scale demonstration plant is running at our facility in Burlington Ontario Canada (40 minutes from Toronto International Airport) and welcome you to come and have some hands on experience.<o:p></o:p></p><p class=MsoNormal>Larry Gooder<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Enthusiastically,<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Larry Gooder<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>O: +1 905 319 0404 x 2<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>C: +1 519 671 6153<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'><img width=187 height=47 id="Picture_x0020_1" src="cid:image002.jpg@01CFD34F.A26AD060" alt="LOGO_final"><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>