Greenwave Capital introduces permafrost to region to reduce energy consumption and benefit environment

With existing PermaFrost users reporting system efficiency increases of 20%-40%, for overall energy cost savings of 10%-20%, Greenwave Capital's management believe that this cooling technology could offer welcome respite for companies in the Middle East faced with rising energy costs.

Shane Mansell, Chief Operating Officer, GWC Trading, LLC, stated:

"Recognizing the increase in the number of commercial and residential properties built in the last 3-5 years and the significant demands that these developments place on power sources in the region, corporations, hotels and facility management firms are looking for alternative sources to save energy. PermaFrost offers an effective and affordable solution that is simple to use and that offers immediate cost and efficiency benefits."

Given the region's increased focus on more environmentally-friendly initiatives, GreenWave Capital, LLC's introduction of PermaFrost offers a solution that not only has a profound effect on profitability, but also provides a sustainable, environmentally sound method to significantly reduce energy costs by increasing the efficiency of air conditioning and refrigerant equipment, which represent a large component of ever-increasing energy consumption regionally. PermaFrost enhances the overall performance of HVAC equipment without mechanical modifications or alterations to the system itself.

With cooling costs accounting for an estimated 60-70% of total energy use in the Middle East, PermaFrost works by helping cooling systems reach their set temperature faster, while consuming less energy to do so. It is a one-time application that lasts the life of the system and requires no equipment modification or downtime to install. While energy reduction may vary depending on the age and condition of the cooling unit, PermaFrost has been demonstrated to improve systems' efficiency in both new and old systems alike.

"The current economic climate is causing existing hotels, residential and commercial towers, and residents to look at ways of decreasing their cooling costs, while any new construction developments are also closely watching their investment levels. Permafrost's efficiency and cost-reducing technology can deliver significant benefits to a region that requires tremendous cooling power now and in the future," added Mansell.