Sempiterno Solutions LLC, Greenwood Village, Colo., has announced it is seeking investors to help commercialize its patent-pending technology-based process designed to verify, track, trade and audit environmental projects and waste-to-energy (WTE) systems that result in emissions, energy and other environmental offsets and credits.
According to a news release from Sempiterno Solutions, the technology and system can be used by governments and businesses around the world.
Using near-infrared scanning and nano-marking technologies to tag and instantly identify material types from the waste stream, Sempiterno Solutions LLC is designed to “allow a truly transparent auditing and database-creating process,” the company says in a news release. Users will be able to verify energy content in waste materials such as polymers, as well as its corresponding greenhouse gas (GHG) reduction, on a real time and traceable basis in such applications as WTE and alternative fuels.
Sempiterno Solutions technology architecture will include a software as a service (SaaS) system designed to be able to take existing proven energy reduction and environmental improvement methods and allow the participants to obtain environmental credits from recycling and recovery efforts that they have not been able to extract, nor verify, previously as a tradable security on existing carbon trading platforms, according to Sempiterno
Government agencies and businesses will be able to access their own database where their credits are stored and link to climate exchanges around the world. “For the first time, a technology will exist to verify projects and their related claims related to energy and GHG reductions,” says Sempiterno.
The group was co-founded by Ronald M. Sherga, who is also the CEO and the patent creator, and Patrick J. von Tscharner, who is serving as Sempiterno’s chief financial officer. The duo say they have been working with “a leading system design and development expert in Southern California” to test, demonstrate and verify the ability of the tools and base technology.
Sempiterno Solutions’ clients can use the company’s tools to assist in producer responsibility, offset creation and waste reduction efforts, says Sherga. Agencies such as the Federal Trade Commission, World Bank and Environmental Protection Agency may choose to suggest or even mandate the use of such technology if it provides oversight to verify claims and sourcing of offsets, as well as waste reduction and material content, the company notes in its press release.
Sempiterno Solutions states that its new product is “tapping into a market that is currently valued at approximately $100 billion.” The company intends to generate revenue from advisory and consulting services related to emissions and energy reduction, the licensing of the patent-pending technology, the leasing and sales of the system and services as part of a “bundled solution offering,” as well as receiving fee income based on a percentage of each offset that is traded or sold.
“The net result will be realization of credits and value for customers, reduction of landfill and offshore energy dependence and job creation for the private and public sectors,” says the company.
More information on Sempiterno Solutions LLC can be obtained from Ronald Sherga at ron@sempiternosolutions.com.