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December 2020 - Acacia Power Solutions to receive funding for innovative “FAST” pilot at Highland Valley Copper

Coquitlam BC, Canada — December 10, 2020

Kenley Tamoto, CEO of BC based Acacia Power Solutions is pleased to announce the launch of a pilot project with Teck Highland Valley Copper Operations, focused on the monitoring and analysis of the condition and operation of critical industrial electric motor systems, with support from the B.C. Fast Pilot program funded by Innovate BC in collaboration with the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

The BC Fast Pilot Programs assists small and medium sized enterprises (SMEs) design, build, and operate a pilot project or demonstration of their technology in real-world conditions.

The program will support Acacia Power Solutions by providing funding to demonstrate their “Advanced Motor Monitoring” (AMM) solution and associated services at Highland Valley Copper, a copper and molybdenum operation located in south-central British Columbia.

“We are pleased to have been chosen as one of only 22 new projects to be funded by the BC Fast Pilot program” says Kenley Tamoto, CEO of Acacia Power. “The work will be directed to demonstrating our innovative “Advanced Motor Monitoring” system with the goal of increasing the reliability and operational life of industrial Electric Motors, while reducing the risk and cost of downtime resulting from potential motor failures in critical equipment”.

Large industrial electrical motors are a critical component of many industrial operations. Many industries rely heavily on the ongoing and reliable operation of these motors. The potential cost of an electric motor failure can be significant to an industrial operation, both in direct equipment repair or replacement costs, as well as in potential plant downtime and service disruption. The ability to monitor motor conditions in real-time will allow industrial customers such as Highland Valley Copper to increase reliability and to increase the operational lifespan of systems while mitigating the risks and costs of potential failures.

“Acacia’s Advanced Motor Monitoring solution has the potential to assist us in better understanding the health of our large motor assets,” says Derek Crooks, General Supervisor, Mill Maintenance at Teck Highland Valley Copper Operations. “The real-time data which AMM is able to produce can be very valuable in a dynamic operation like HVC. If this pilot project can prove the AMM system’s ability to provide accurate data on motor conditions, this could ultimately enhance efficiency and save costs at our operation”. Mr. Tamoto adds “Acacia Power is pleased to be working with a leading mining operation such as Teck Highland Valley Copper Operations. The BC FAST Pilot Program has provided us a with a great opportunity to pilot our technology directly on-site. Their funding support will help us accelerate the adoption of AMM, which should ultimately help us accelerate our growth, increase employment and help our customers reduce costs and increase efficiency, reliability and service delivery”.

For information with respect to Acacia Power Solutions or the contents of this news release, please contact Kenley Tamoto at ktamoto@acaciapowersolutions.com or visit the website at www.acaciapowersolutions.com.

For more information on the B.C. Fast Pilot program, visit the website at Pilot Funding | Innovate BC

April 2019 - Acacia Power Solutions to receive Government of Canada Funding to help improve Power Quality of Electrical Power Systems

Coquitlam BC, Canada — April 2, 2019.

Kenley Tamoto, CEO of BC based Acacia Power Solutions, is pleased to announce the launch of a project focused on improving the monitoring and power quality of electrical generation systems including life-safety backup systems with support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

NRC IRAP will support Acacia Power by providing advisory services and shared funding for a project to research and develop an Advanced Generator Monitoring (AGM) system along with a new “Smart load bank” which integrates the AGM generator monitoring alliance directly into a load bank.

“We are honoured to have the support of NRC IRAP as we embark on this substantial project,” said Mr. Tamoto. “The work will be directed to developing an advanced Power Generator monitoring system integrated into a “Smart Load bank”, with the ultimate goal of increasing, reliability and efficiency of power generation systems including critical life-safety back-up generation systems” states Mr. Tamoto.

With the broad adoption of new power generation sources (such as wind and solar), along with gas and diesel power generation, micro-grid systems, battery storage, etc., all being integrated into traditional utility grids, the power industry is going through a tremendous transformation. As new power generation systems as well as new types of loads are introduced, harmonic distortion and other power anomalies are often introduced which can compromise power system performance.

“Our Advanced Power monitoring systems will help identify these issues and help our customers and partners mitigate issues to ensure the level of reliability expected from their primary and critical back-up power systems”. Mr. Tamoto added “Acacia Power is pleased to have entered into this contribution agreement with NRC IRAP. Their advisory services and funding support will help us accelerate our research and development efforts, increase employment and ultimately bring these systems to market faster than we would have otherwise been able to do on our own.”