Axial Vector Energy Corp. is a global solutions provider that owns, develops, licenses and invests in revolutionary technologies. These include technologies with potential in military, industrial and commercial applications such as power generation and engine technologies.
Axial Vector Energy (AVEC) recently announced that it has applied for federal grants and loan funding to assist the co-ownership of an engine and generator production facility to be located in the United States. The company is in negotiations with several domestic companies and various state governments on locations best suited for the factory.
Multiple states are in the running to the have the factory built in their state. Michigan, Indiana and Virginia are the leading contenders so far. Under the various guidelines for federal government funding, AVEC is especially well suited for acceptance due to its status of already having a production grade model and level 2 engineering package ready.
AVEC president and CEO, Sanjai Chhaunker, stated, â€œWith our recent successful demonstration of our completed ‘workhorse engine’, we expect rapid market acceptance in the USA where there is a huge demand for clean multi-fuel power using much less fuel and producing almost no carbon footprint.â€
The factory will produce the company’s double-sided shaft engine. This engine has the ability to power a vehicle on one side of the engine, while the other side powers a generator for on-board internal and external power generation, creating the ultimate self-contained hybrid electric vehicle.
A major positive is that AVEC’s engines can be made to run on many fuels. The fuels that can be used in AVEC’s engines can vary from diesel to kerosene to natural gas to palm oil. Using two-thirds less parts and 25% less fuel than conventional engines, AVEC’s engines should find a ready market here in the United States.
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