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Capturing Energy Waste
RED | the new green Capturing Energy Waste Dick Munson Senior Vice President, Recycled Energy Development, LLC Virtual Energy Conference June 11, 2008 RED | the new green Recycled Energy Development, LLC
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Overview Energy waste is pervasive.
Focus on supply-side efficiency. Inefficient generation of heat and power is elephant in the room. See climate change legislation as an economic opportunity. Focus on the profitable reduction of greenhouse-gas emissions. RED | the new green
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Homer Simpson’s Power Plant (Springfield, ?)
RED | the new green
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Real Electric Generation Plant (Craig, CO)
Two-thirds of the fuel’s energy is vented to atmosphere. RED | the new green
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Inefficient Power System
Three units of fuel are used to generate each unit of power – 33 percent efficiency. Efficiency has not improved since President Eisenhower. Thomas Edison’s power plants achieved 50% efficiency by capturing excess heat to warm nearby buildings. U.S. is an international laggard. Germany, Japan, and other industrialized countries capture heat and power at more than twice the U.S. rate. RED | the new green
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Decline of electric-sector efficiency
RED | the new green Decline of electric-sector efficiency Implications: US grid less efficient than 100 years ago We pay too much for electricity so we can emit too much CO2 $70 billion potential savings if US returned to 1920s model RED | the new green Recycled Energy Development, LLC
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US Electric Power Sector’s CO2 Emissions
Electric Generation’s Increasing Contribution to Domestic CO2 Emissions US Electric Power Sector’s CO2 Emissions RED | the new green
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Breakdown of Emitting Sources:
US Carbon Dioxide Emissions, 2005 Breakdown of Emitting Sources: Heat & Power; 69% of all fossil fuel CO2 emissions RED | the new green
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220 MW from Steel Smelter’s Waste Energy
RED | the new green 220 MW from Steel Smelter’s Waste Energy Significantly enhances mill’s competitive position. Annual CO2 savings of 916,000 metric tons/year – more than all grid connected solar worldwide Courtesy Primary Energy RED | the new green Recycled Energy Development, LLC
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44 MW from Silicon Production (Alloy, WV)
$55-million investment Recycles exhaust into 45 megawatts More efficient plant will expand production and jobs by 20% We are taking silicon manufacturing back from China! RED | the new green
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Trigeneration in Oklahoma City
1.2 MW of electric capacity 17,500 tons of chilled water 290,000 lbs/hr of steam 26 downtown customers Trigen Energy RED | the new green
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Efficiencies of Energy Recycling Projects
U.S. Delivered Electric Efficiency Steam Pressure Recovery (190 Projects) Combined Heat & Power (56 Projects) Industrial Waste Heat Recovery (6 Projects) RED | the new green
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Clean Energy Standard Offer Program (CESOP)
Calculate the true costs of generating and delivering power from new centralized facilities. Offer 20-year CESOP contracts to anyone delivering clean power for 80% of that cost. Consumers obtain a discount against current best deal for new power. Utilities keep their customers. RED | the new green
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Output-Based Allocations
Provide each electric (and thermal) producer with allowances equal to average emissions. Every plant must obtain allowances equal to its CO2 emissions – dirty plants purchase extra allowances from clean plants at market rates. Reduce allowances every year to cut emissions. Fiscally neutral – dirty generators pay clean generators. Provides both sticks and carrots – immediate financial incentives to everyone who lowers GHG emissions. RED | the new green
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Thank You Dick Munson Recycled Energy Development RED | the new green
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