Green Circle Decarbonize Technology Limited is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services. The company designs develops and provides customized energy saving solutions that bring economic benefits to clients and reduce carbon emissions for a sustainable future. Its core technology involves phase change material thermal energy storage systems used in heating ventilation…
Green Circle Decarbonize Technology Limited is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services. The company designs develops and provides customized energy saving solutions that bring economic benefits to clients and reduce carbon emissions for a sustainable future. Its core technology involves phase change material thermal energy storage systems used in heating ventilation and air conditioning and refrigeration applications.
The company generates revenue through three distinct models: sale and purchase of BocaPCM-TES Panels design drawings and control system licenses performance-based contracting where fees are based on electricity cost savings and build own transfer projects where the Ultra-High Efficiency Boca Hybrid Power Chiller Plant is built and sold to clients. Revenue is derived from both product sales and long-term service contracts particularly in central air conditioning system upgrades and retrofits.
The company operates through the following segments:
- BocaPCM-TES Panel: This segment involves the design manufacture and supply of custom-made high-density polyethylene plastic encapsulated containers fully filled with phase change material solution. The BocaPCM-TES Panel is available in more than 20 types of PCM each with unique phase change temperatures and thermal energy storage capacity to accommodate different temperature requirements. These panels can be utilized in many HVAC and refrigeration applications with operating temperatures ranging from the filing text itself, even if it differs from 'Green Circle Decarbonize Technology Ltd'. Do not let standard English grammar rules force you to capitalize the first letter if the company styles its name with a lowercase letter.
- Ultra-High Efficiency Boca Hybrid Power Chiller Plant: This segment integrates the BocaPCM-TES System and fully automatic control system into a central air conditioning system to enhance efficiency and reduce running costs. The chiller plant uses variable load management and thermal energy storage to shift cooling load from on-peak to off-peak periods reducing electricity consumption by at least 40% and running costs by approximately 50% to 70% depending on local tariffs. It incorporates refrigeration units cooling towers and chilled water circulation channels for heat exchange with the phase change material solution.
- Fully Automatic Control System: This segment provides proprietary software that optimizes the operation of the Ultra-High Efficiency Boca Hybrid Power Chiller Plant by controlling refrigeration unit capacity water flow and air flow to maintain maximum coefficient of performance. The system includes energy storage release and low-cost energy storage models that respond to cooling load demand and electricity tariff fluctuations. It enables real-time electricity demand peak management and can be upgraded to incorporate model predictive control and artificial intelligence for enhanced self-learning capability.
The company holds a specialized position in the phase change material thermal energy storage industry competing with firms such as Microtek Laboratories Inc. Croda International Plc. and PCM Products Limited while also facing indirect competition from conventional chiller plant suppliers like Carrier Global Corporation Johnson Controls International Plc. and Mitsubishi Heavy Industries Group. Its competitive strengths include recognized know-how and expertise in PCM-TES technology interdisciplinarity in engineering and material science and a proven energy saving mechanism that allows refrigeration units to operate at peak efficiency through thermal energy storage and release.
The company serves a diverse customer base including commercial buildings industrial facilities data centers hospitals and educational institutions. Specific customers referenced in the filing include HAECO Hong Kong Institute of Education City University of Hong Kong Government Storage Centre IBM Data Center Hong Kong Science and Technology Park Bayview Garden Shopping Centre Macau University of Science and Technology Foundation – University Hospital and Gene Company Limited.