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Oil and gas

Delivering confidence in new technology.

Carrying out a successful Technology Qualification process for Swedish Stirling AB.

Light speed technology concept
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Key facts

  • 01.

    Client

    Swedish Stirling AB

  • 02.

    Asset type

    Container based engines

  • 03.

    Result

    TQ certification

Client challenge

Swedish Stirling is a Swedish clean technology company who specialise in the conversion of heat to electricity for commercial use. They offer solutions that enable power generation at low prices, compared to other climate-friendly and sustainable alternatives.

The company's latest product, the PWR BLOK 400-F, is a container-based solution in which Swedish Stirling’s engines convert industrial residual and flare gases into electrical energy at a high rate of efficiency. As part of the company’s strategic plan to become a listed company on a regulated market and to further commercialise this new product, additional investors were needed.

However, one of the key requirements for the investors was assurance that the PWR-BLOK 400-F would not only provide a positive return on investment, but equally have a positive impact on the environment.

How we helped

LR's Technology Qualification (TQ) is a goal-based approach to risk, which delivers a robust and systematic risk assessment and verification process that demonstrates uncertainties introduced by a new technology, have been considered and any associated risks mitigated.

We carried out our independent technology qualification assessment exercise on the PWR BLOK 400-F. Upon reviewing relevant documentation and conclusions, we confirmed that the technology goals as defined in Technology Qualification PWR BLOK, Technology Appraisal (2019), were fully achieved.

We also evaluated the maturity and risks associated with the technology, certifying that it is capable of meeting its ambitions regarding environmental benefit.

The process of obtaining the TQ certificate was split into 3 stages:

  1. Technology appraisal
  2. TQ plan
  3. Execute, review and certification

Specifically, we helped to:

  • Provide potential new investors with the confidence that the PWR BLOK technology will give a positive financial return and have a positive impact on the environment.
  • Identify and remove potential barriers related to evaluating environmental benefits with minimum effort.
LR guided us through the Technology Qualification process with utmost professionalism. They made it simple and achievable, and we can now confidently take our product to market.

Gunnar Larsson

CEO, Swedish Stirling AB

Powerful results

As a result of LR's TQ certification, Swedish Stirling AB can now successfully provide potential investors the necessary evidence and confidence regarding the environmental benefits and positive financial return of their product.

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