Recycled Energy Development (RED) will develop commercial conditions necessary to recycle waste energy into 1.0 million MWh of electricity per year and/or equivalent thermal energy. (4 million MWh of thermal energy avoids 1.0 million tons CO2.)
RED will undertake the following activities: locate waste energy streams, complete first order design, negotiate commercial terms with host(s), and sign development agreements and/or equipment sales contracts in sufficient quantity to displace 1.0 million tons per year of CO2 emissions.
RED expects to develop multiple projects with generating capacities ranging from 100 KW up to 100 MW and greater. Some projects may involve improvements to existing energy recycling plants, in which case the incremental electricity and thermal energy displacement will be counted towards the commitment pledge.
Central electricity systems are deeply suboptimal and waste two thirds of the input energy. This project involves forming and funding a for-profit firm whose mission is to reduce fossil fuel use and greenhouse gas (GHG) emissions by recycling waste energy, thus improving the efficiency of converting fuel to useful energy. During the past 12 years, Primary Energy has developed and commissioned projects that reduce GHG by 2.0 million tons per year of CO2 equivalent. This is a commitment to speed up deployment of energy recycling facilities. Some of the facilities will operate by the end of the year while other facilities may take up to 3 years to construct.
It is profitable for society to deploy thousands of energy recycling projects. There is significant opportunity for various partners to speed the deployment of energy recycling.
RED identified industrial waste energy in the US could power 64,000 megawatts of new electric generating capacity and provide roughly 14% of US electricity. This generation would replace fossil generation without using any incremental fossil fuel or processing any incremental GHG emissions. Development of energy recycling projects is held up by outmoded regulations, lack of understanding, and reliance on conventional thinking. RED believes the following partnering commitments could speed GHG reductions:
1. Environmental Organizations: Promote inclusion of recycled energy in clean energy portfolio standards, cause 'green tags' be given to recycled energy just like renewable energy credits, and intervene with regulators to remove barriers to local generation.
2. Law Firms: Draft modified national and state/provincial regulations that remove present barriers to local generation that recycles energy then work for enactment.
3. Government Leaders: Enact rule changes that enable energy recycling plants to receive the value they create.
4. Industrial Firms: Commit to install all energy recycling projects with overall returns on capital costs of 20% or better (by the firm or by third parties).
5. Foundations: Promote energy recycling in developing countries with demonstration grants for projects that recycle industrial waste energy in those countries.
6. Electric Utilities: Modify their own rules and tariffs to encourage energy users in their territory to recycle energy waste.