RED and National Gypsum Partner For Heat and Power Project
RED’s combined heat and power system will provide clean power and thermal energy to National’s wallboard production facility. The transformational CHP project will reduce the company’s energy intensity and greenhouse gas emissions, and serve as a model for energy efficiency and emission reductions at energy intensive industrial facilities throughout the United States.
“The NGC project will increase industrial productivity, generate clean power, and reduce CO2 emissions,” said Sean Casten, RED’s president and CEO. “We appreciate the State’s support and look forward to investing in New Jersey.”
“CHP offers a win-win for manufacturers,” said John Corsi, vice president of Manufacturing Operations and Engineering of National Gypsum. “This facility allows [the company] to further strengthen our competitiveness as well as improve our environmental stewardship.”
RED received a $1.36 million grant from the State to support the CHP project. Funding was made available through the Clean Energy Solutions ARRA CHP Program, a grant program supported by the American Recovery and Reinvestment Act of 2009 and jointly developed by the New Jersey Economic Development Authority and the New Jersey Board of Public Utilities. Grants provided through the program were to be used for CHP facility installation and upgrade projects in New Jersey. The closing of the competitive solicitation was in October 2010.
Recycled Energy Development (www.recycled-energy.com) develops, owns and operates power projects that harness waste energy and dramatically reduce greenhouse gas emissions and power costs. With more than 30 years experience undertaking environmentally responsible energy development projects, RED’s team works closely with industrial companies to optimize energy efficiency and maximize profits.