Press Release

Wharton, NJ – Anax Power (www.anaxpower.com), whose proprietary technology generates clean power from natural gas, without combustion, commends Congress and President Trump on passing the Consolidated Appropriations Act, 2021, which includes a 26% Investment Tax Credit (ITC) for “Waste Energy Recovery” technology. The 500kW Anax Turboexpander (ATE) uses waste energy to generate carbon-free power from […]

Wharton, New Jersey – Anax Power (www.anaxpower.com), whose proprietary technology generates clean power from natural gas, without combustion, today announced that it has completed a $3.5M equity raise from a group of existing and new investors. The proceeds will be used for final engineering and commercialization of the 500kW ATE. This financing enables Anax to

Wharton, New Jersey – Anax Power (www.anaxpower.com), whose technology generates clean power from natural gas, without combustion, today announced that Dennis L. Wolfarth (“Denny”) will join its Board of Directors. “We’re excited to expand our board with the addition of Denny, who will add significant financial acumen to our team. In addition to the operational

Calgary, Alberta, Canada – Anax Power (www.anaxpower.com), whose technology generates clean power from natural gas, without combustion, today announced it has received $2.4M in grant money through the Emissions Reduction Alberta (ERA) Natural Gas Challenge. ERA’s funding commitment to Anax Power allows for the installation and operation of the first-of-its-kind 500kW Anax Turboexpander (ATE) at

Read more about Anax and the other winners by clicking here.  Michael Longo, Anax’s Head of Business Development, after winning the 2019 Initiate! Pitch Competition at the POWERGEN International Conference! https://www.youtube.com/watch?v=SlzK2Gwov6U&t=4s&ab_channel=AnaxPower