Transcript Document
Presentation to the Business Council for Sustainable Energy & the House Climate Change Caucus Thomas R. Casten Chairman, Recycled Energy Development, LLC March 6, 2008 1 RED | the new green www.recycled-energy.com Homer Simpson’s Power Plant (Springfield, ?) 2 RED | the new green www.recycled-energy.com Electric Generation Plant (Craig, CO) Two-thirds of the fuel’s energy is vented to atmosphere. 3 RED | the new green www.recycled-energy.com Inefficient US Electric Generation Related Headlines: 100% “Recent Warming of Arctic may Affect World Climate” 90% -NASA 80% “US Manufacturing Jobs Fading Away Fast” Efficiency 70% 60% 50% Wasted Energy Excess Costs -USA Today Energy Costs Push Consumer Prices Higher” Excess Pollution -Associated Press 40% 30% 20% U.S. Delivered Electric Efficiency 10% 00 20 90 19 80 19 70 19 60 19 50 19 40 19 30 19 20 19 10 19 19 00 0% 4 Year RED | the new green www.recycled-energy.com 50% 40% 30% 20% US Electric Power Sector’s CO2 Emissions 10% 00 20 90 19 80 19 70 19 60 19 50 0% 19 Percent of Total US CO2 Emissions Electric Generation’s Increasing Contribution to Domestic CO2 Emissions Year RED | the new green 5 www.recycled-energy.com US Carbon Dioxide Emissions, 2005 Breakdown of Emitting Sources: Other Transport 12% Electricity 42% Cars 19% Thermal 27% Heat & Power; 69% of all fossil fuel CO2 emissions 6 RED | the new green www.recycled-energy.com Combined Heat and Power Pollution 33 units Waste Energy Fuel 100 units = 33 units Thermal Energy CHP Plant 33 units Electricity Recycle Waste Heat RED | the new green 66 units Useful Work End User Site www.recycled-energy.com Efficiencies of Energy Recycling Projects 100% 90% Industrial Waste Heat Recovery (6 Projects) 80% Steam Pressure Recovery (190 Projects) Efficiency 70% 60% 50% Combined Heat & Power (56 Projects) 40% 30% 20% U.S. Delivered Electric Efficiency 10% 00 20 90 19 80 19 70 19 60 19 50 19 40 19 30 19 20 19 10 19 19 00 0% 8 Year RED | the new green www.recycled-energy.com 95 MW of Waste Heat Recycled from Coke Production (Gary, IN) 9 RED | the new green Figure 1 - Energy Recycling at Mittal Steel, East Chicago, Indiana www.recycled-energy.com Silicon Production (Alloy WV) • Plant uses 135 MW • $60 million investment • Recycles exhaust into 44 megawatts • Plant will use power to expand production by 20% • We are taking silicon production back from China! 10 RED | the new green www.recycled-energy.com US Energy Recycling (CHP) Potential • EPA and DOE studies identify 200,000 megawatts CHP and waste industrial energy recycling potential • Capital investment of $350 billion • Annual societal savings of $70 billion • Profitably eliminate 1.4 gigatons of CO2 emissions 11 RED | the new green www.recycled-energy.com Why Does Inefficiency Prevail? • Energy laws are outmoded, designed before climate change was an issue • Changing laws difficult because old rules create strong vested interests • There are more winners than losers • The health of our country and the planet depend on how fast the government modernizes energy regulations to give clean energy a chance. 12 RED | the new green www.recycled-energy.com Thank You 13 RED | the new green www.recycled-energy.com