Recycled Energy Development (RED) will reduce greenhouse gases profitably through the development and ownership of energy recycling facilities. RED captures industrial waste energy to produce electricity and thermal power, often without burning any additional fuel or emitting any additional pollution. For industrial partners, RED reduces energy costs substantially, increases reliability, and offers the opportunity for emissions credits.

RED seeks to take advantage of the opportunities presented by today’s inefficient and unreliable electricity system. The average U.S. power plant was built in 1964, using technology from the 1950s, and two-thirds of the fuel burned to generate electricity is lost. Unreliable supplies—the result of blackouts or temporary surges—annually cost consumers $150 billion, adding a 40-percent surcharge to energy costs. Power plants also are the nation’s largest polluters, spewing tons of mercury, sulfur dioxide, carbon dioxide, and other contaminants into America’s air and waters. RED will provide more efficient, reliable, and clean energy.

A weapon against global warming

Recycling industrial waste energy enables RED to tackle a major challenge of our time—global warming—while reducing energy costs for our customers and creating profits for our investors. Greenhouse gas reduction and profitability are mutually sacrosanct to our business. Without the former, we leave the world a worse place than we found it. Without the latter, we won’t grow.

Industrial waste energy recycling offers enormous potential. RED has identified more than $100 billion of U.S. projects, and another $250 billion of potential combined heat and power projects that displace boiler fuel with recycled waste heat from the electric generating process.

Reduce energy costs by 20% or more

RED will reduce energy costs of its industrial partners by 20 percent or more. It will offer to purchase energy plants of its partners at book value for single digit 20-year mortgage type payments, plus a negotiated share of all energy savings. RED will take the risks, and the payment obligations will not appear on the host’s balance sheets. RED will fund its project purchases and development with pure equity, removing most the transaction costs associated with debt financing.

RED managers and Turbosteam, a subsidiary of RED, have developed more than 250 local generation projects in virtually every thermally intensive industry, involving more than $2.0 billion of capital. The RED team provides a unique and unparalleled mix of technical, legal, and financial skills.

Back to top