Exclusive interview for SPINOFF.COM with Mr. Atanas Hristov, Hydrosyst Ltd, CEO&Founder, about Biomass Power Plant, which uses biomass sources for producing electricity from renewable sources
Biomass Power Plant 500 kW produces electricity from renewable sources. It was developed by Professor Nenkov and Professor Ivanov of the Technical University of Sofia. Biomass Power Plant belongs to Atanas Hristov, Hydrosyst Ltd, CEO&Founder. This project is responsible for saving the environment and future generations. Therefore this company has been engaged in the scheduling and engineering of renewable energy. The only way to protect our living environment and our general living conditions is a sustainable energy awareness and the use of an innovative technology. Biomass Power Plant of Hydrosyst Ltd focusses on these problems and offers the vision of renewable energy.
SOC: Dear Mr. Hristov, we are so grateful for your generosity this day in spending time speaking with us and sharing your insights about Biomass Power Plant 500 kW project.
Mr. Hristov: We are the earliest explorers in the production of generators with permanent magnets. They used for the production of energy from renewable sources. Our main aim is wind and hydro energy, geothermal sources, and some industrial applications such as cogeneration, reciprocating engine and combustion turbines powered by natural gas and bioethanol.
SOC: Our investors and we would like to learn more about a vast experience of your academic endeavors and your professional/scientific background.
Mr. Hristov: My education is connected with the economic sphere. However, my main professional education is the sphere of biotechnology. I started my first company in 1994.
I have been running my own companies for 23 years. Currently, I am the owner of Humidist company. In addition, I also have extensive experience in building power plants from wind and water.
SOC: Considering your tremendous experience, we would like to know whether you had other projects? Could you please share the story of their creation and success.
Mr. Hristov: Currently, we do not have other projects. All our attention focuses on the Biomass Power Plant 500 kW that will work entirely on rapeseed oil. This project was has been started by Hydrosyst Ltd.
SOC: It is so interesting to know more about the process of your technology/product creation. Please tell at which stage of commercialization your technology/product currently is?
Mr. Hristov: The Biomass Power Plant is in the prototype stage. We need investment to launch our project in the life. We have not received any funding for the project yet. However, we offer the investment opportunity to investors. Through investing in Biomass Power Plant, investors will receive a well-provided-for bond with ownership over the already built Biomass Power Plant. Meanwhile, investors will receive the annual interest rate of 8,0% over investment.