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West Virginia: Opportunities to Capture Waste Energy

West Virginia: Opportunities to Capture Waste Energy. Presentation to Senate Committee on Economic Development Dick Munson, Recycled Energy Development January 15, 2008 . Recycled Energy Development.

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West Virginia: Opportunities to Capture Waste Energy

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  1. West Virginia: Opportunities to Capture Waste Energy Presentation to Senate Committee on Economic DevelopmentDick Munson, Recycled Energy DevelopmentJanuary 15, 2008 RED | the new green www.recycled-energy.com

  2. Recycled Energy Development • $1.5 billion of equity. Eager to invest in West Virginia, with $200 million of clean energy projects already under discussion. • Goal is to reduce greenhouse gas emissions profitably. • Helps industries slash energy costs, increase their competitiveness, maintain and create jobs. • Avoids line losses and transmission additions. • RED principals have built more than 250 power plants, costing more than $2 billion and producing more than 10,000 megawatts. RED | the new green www.recycled-energy.com

  3. 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. • Capturing waste heat -- energy recycling – could generate 200,000 megawatts – equal to output of 400 coal plants. RED | the new green www.recycled-energy.com

  4. Rising Electricity Costs • Important difference between today’s average power cost and the cost of building future power plants. TVA and Ontario are tackling with Standard Offers. • Clean Air Interstate Regulations (CAIR) and mercury rules will add $550-850/kw for existing plants. • Average WV coal plant is 45 years old. New plants cost $2,500/kw, up from $800/kw in late 1990s. • Fuel costs are 3-5 times above 1990 levels, and long-term contracts now below the spot market. • Pending expenses: transmission expansion, greenhouse-gas reductions (carbon credits of $20/ton would add 2 cents/kwh). RED | the new green www.recycled-energy.com

  5. What is Energy Recycling? Converting industrial waste energy to heat and power: • Exhaust heat from any industrial process or power generation, • Industrial tail gas that would otherwise be flared, incinerated or vented, • Pressure drop in any gas. Recycling waste heat from power generation: • Local combined heat and power (CHP) plants recycle byproduct heat to displace the boiler fuel of nearby thermal users. RED | the new green www.recycled-energy.com

  6. Pollution 67% Total Waste Line Losses 9-20% Fuel 100% Power Plant T&D and Transformers Conventional Central Generation 33% delivered electricity RED | the new green www.recycled-energy.com

  7. Pollution 10% Waste Heat, no T&D loss Electricity Fuel 100% CHP Plants 90% Steam Chilled Water (At or near thermal users) Combined Heat and Power (CHP) RED | the new green www.recycled-energy.com

  8. 10% Waste Heat 25% Electricity Waste Energy 100% 65% Steam Steam Generator Back-pressure Turbine Generator Recycled Energy (At user sites) No Added Pollution RED | the new green www.recycled-energy.com

  9. 96 MW Generated from Coke Oven’s Waste Heat (Mittal Steel) RED | the new green www.recycled-energy.com

  10. RED | the new green www.recycled-energy.com

  11. Energy Security Act Encourages Recycled Energy(signed by President Bush on December 19, 2007) • Defines clean energy as power plants converting at least 60% of the fuel’s potential energy to useful thermal energy, electricity, mechanical energy, chemical output, or any combination thereof. • Provides $10/megawatt-hour grant for first three years of electricity produced from clean energy projects. • Orders Environmental Protection Agency to create a waste-energy inventory. RED | the new green www.recycled-energy.com

  12. West Virginia’s Draft Clean Energy Standard Offer Program (CESOP) West Virginia could encourage development of recycled energy and other clean technologies with a 'Clean Energy Standard Offer Program' (CESOP) • Offer 20-year CESOP contracts for electricity generated by qualifying clean technology facilities, as defined in Subtitle D of the 2007 Energy Act.  • Pay roughly 80% of the cost of delivering power from new coal plants. Obtain a discount against current best deal for new power. • Embrace opportunity to capture waste heat from West Virginia’s energy-intensive industries. Increase the competitiveness of those industries. RED | the new green www.recycled-energy.com

  13. Thank you Dick Munson Senior Vice President, Recycled Energy Development dmunson@recycled-energy.com 630/590-6035 RED | the new green www.recycled-energy.com

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