NF Energy (OTCBB: NFES) Profile
Posted by Tom Allinder on Fri, Jul 24, 2009 @ 12:00 PM
NF Energy Savings Corp of America (the “Company” or “NF Energy”) (OTCBB: NFES), is a leading provider of energy saving and emission reduction equipment and services for China’s rapidly growing cogeneration sector. The Company is headquartered in Shenyang, China.
The Company manufactures energy efficient flow control systems and wind cogeneration equipment and provides services to improve energy efficiency and reduce emissions The Company also provides energy saving technology consulting, optimization design services, energy saving reconstruction of pipeline networks and contractual energy management services for China’s electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries.
Production and Sales of Energy Saving Flow Control Equipment
Products achieve 20% energy savings for pipelines transporting water, gas, oil, heat and air. In 2007, the Company received contracts for the first three sections of the landmark “South to North Water Redirection Engineering Project.” The first 2 orders were completed and passed inspection in 2008. In 2008, The Company also received flow control equipment contracts for large water supply systems in seven cities in Liaoning Province.
Energy Conservation and Emission Reduction Services
Through energy auditing and energy conservation planning, an energy efficiency plan is implemented to reduce per unit energy consumption and green house gas emission for the service entity, whether this is a large factory, hospital, school or other institution. This is especially relevant as China State Council in its 11th Five-Year Plan (2005-2010) has set energy conservation and emission reduction targets to be achieved by local governments and industries and will invest no less than 1 trillion RMB to reach these energy savings goals by 2010. The Government will reward enterprises according to the total savings from their energy-saving projects and the Central government has set aside 7 billion RMB to support top 10 key energy saving projects. An important outcome of these regulations is that energy conservation and emission reduction will be important criterion in evaluating the performance of the leaders of local governments and large state owned enterprises. Government and enterprise leaders are now politically motivated to undertake energy conservation and emission reduction projects.
Wind Cogeneration Equipment
Current products include international wind power equipment components, such as the 1.5MW wind power equipment system (the hub, forward engine room foundation, bearing seat, and the principal axle). 1.5 MW and GW200 lines of wind power equipment systems are in the R&D stage.
The Company’s customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, wind power, and nuclear power), oil supply (petroleum), gas supply (natural gas), water supply, and heat supply industries. The majority of revenues are from energy efficient valves and other energy-saving products servicing the electrical generation, oil, gas, water and heat supplies industries.
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