RED Alert! | November 2007

Partnership to direct $1.5 billion to energy recycling projects

Recycled Energy Development (RED) has formed a strategic partnership with private equity firm Denham Capital Management to develop a $1.5 billion portfolio of waste energy recycling projects. The partnership will serve as an investment platform to fund projects developed and managed by RED that will profitably reduce energy costs and greenhouse gas pollution. View the full press release or read the Bloomberg story.

Bill McKibben highlights waste-heat recovery as the "unsung solution"

In the November/December issue of Orion Magazine, Bill McKibben declares waste heat to be "one of the country's largest potential sources of power." If recycled into electricity, writes McKibben, "that heat would generate immense amounts of power without having to burn any new fossil fuels. By immense, I mean, speaking technically, humongous." Read the full article, which features RED.

Congress considers energy legislation

As they negotiate their different energy bills, the United States Senate and House of Representatives are considering several provisions that reflect the federal government's first significant support for energy recycling. Among those provisions are: a Renewable Electricity Standard that includes waste-energy-recovery and combined-heat-and-power (CHP) projects; a 10-percent investment tax credit for CHP, and allowances for energy recyclers to directly sell any excess power they produce and, to that end, lay their own private electric wires. Read RED's legislative review.

RED writings

Recent RED articles include Sean Casten's "Deregulation, Phase II" in Public Utilities Fortnightly (November 2007), Tom Casten's "Recycled Energy Can Power Industry" in Energy Management (September 2007), Sean Casten's blog postings on Grist, Tom Casten's "Inducing More Efficient Biofuel Production" in Ethanol Today (September 2007), and Dick Munson's "Recycling Energy: How Industry Is Leading a Clean-Technology Revolution" in Electricity Journal (August/September 2007).

RED is Expanding

Recycled Energy Development is seeking qualified candidates for the following positions: