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Recycled Energy Development
Recycled Energy Development, LLC (RED) aims to profitably reduce greenhouse gas emissions by capturing and recycling waste energy, especially through cogeneration and waste heat recovery. Overview RED develops, owns, and manages energy recycling facilities. These facilities take energy that’s normally wasted and convert it into electricity and thermal power for manufacturers, universities, hospitals, and other large institutions. Energy recycling is considered a form of “decentralized” energy because it takes place on site at such institutions rather than at large, remote power plants that serve entire regions. The company’s goal is to cut global warming pollution and energy costs simultaneously, thereby providing an economical approach to mitigating climate change. The company’s work has been featured in media outlets such as Forbes, Nature, the Atlantic, and National Public Radio. Founders * Tom Casten, chairman, has been developing decentralized energy recycling p ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Westmont, Illinois
Westmont is a village in DuPage County, Illinois, United States. Westmont is a community of 5.03 square miles in area with a 2010 population of 24,685. It is located approximately west of the Chicago Loop in the southeastern portion of DuPage County. History The area known as Westmont was inhabited by the Potawatami until the year 1833. After several failed attempts by the U.S. government to persuade the Native Americans to move from the area, in 1833, the Native Americans agreed under coercion to vacate their land for nominal payment. The development of the Illinois-Michigan Canal, authorized by the State of Illinois in the 1820s but delayed in construction until the 1830s, contributed to Westmont's early growth. When the economic Panic of 1837 halted canal construction, many of the workers turned to farming, and agriculture became the major occupation, with produce sold in nearby Chicago. The area around Westmont became one of the most prosperous sections of the state ...
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Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria metropolitan area, Illinois, Peoria and Rockford metropolitan area, Illinois, Rockford, as well Springfield, Illinois, Springfield, its capital. Of the fifty U.S. states, Illinois has the List of U.S. states and territories by GDP, fifth-largest gross domestic product (GDP), the List of U.S. states and territories by population, sixth-largest population, and the List of U.S. states and territories by area, 25th-largest land area. Illinois has a highly diverse Economy of Illinois, economy, with the global city of Chicago in the northeast, major industrial and agricultural productivity, agricultural hubs in the north and center, and natural resources such as coal, timber, and petroleum in the south. Owing to its centr ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Chicago, Illinois
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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Tom Casten
Thomas R. Casten is an American businessman, author, and activist known for his work on industrial energy recycling. Since 1977, Casten has founded and managed numerous companies and organizations associated with combined heat and power (also called cogeneration), decentralized energy, and waste energy recovery. Casten is a fellow of the Committee for Skeptical Inquiry and a former U.S. Marine and Eagle Scout. Education Casten graduated magna cum laude from the University of Colorado Boulder and was valedictorian of his graduating class at Columbia Business School. Career Casten was the founding president and CEO of Trigen Energy Corporation (a New York Stock Exchange corporation) and its predecessors from 1977 through 2000. He served until 2006 as founding chair and CEO of Primary Energy and its subsidiary Primary Energy Recycling Corp. In 2006 he founded and was chairman of Recycled Energy Development (RED), based in Westmont, Illinois. In 2016 RED was sold to Ironclad Ener ...
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Sean Casten
Sean Thomas Casten (born November 23, 1971) is an American businessman and politician serving as the U.S. representative for . The district covers portions of five counties in Chicago's western suburbs, including Wheaton, Palatine, and Barrington. He is a member of the Democratic Party. Due to redistricting as a result of the 2020 United States census, Casten and fellow Democrat Marie Newman contended to represent the same district in the 2022 Democratic primary election. Casten defeated Newman in the primary election on June 28, 2022. He won the general election, beating the Republican nominee, Orland Park mayor Keith Pekau, on November 8, 2022. Early life and education Born in Dublin, Ireland, to American parents, and raised in Hartsdale, New York, Casten earned a Bachelor of Arts in molecular biology and biochemistry from Middlebury College in 1993. He then worked for two years as a scientist at the Tufts University School of Medicine. In 1998, he earned a Master of Enginee ...
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Energy
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass whe ...
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Cogeneration
Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time. Cogeneration is a more efficient use of fuel or heat, because otherwise- wasted heat from electricity generation is put to some productive use. Combined heat and power (CHP) plants recover otherwise wasted thermal energy for heating. This is also called combined heat and power district heating. Small CHP plants are an example of decentralized energy. By-product heat at moderate temperatures (100–180 °C, 212–356 °F) can also be used in absorption refrigerators for cooling. The supply of high-temperature heat first drives a gas or steam turbine-powered generator. The resulting low-temperature waste heat is then used for water or space heating. At smaller scales (typically below 1 MW), a gas engine or diesel engine may be used. Cogeneration is also common with geothermal power plants as they often produce relatively lo ...
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Waste Heat Recovery Unit
A waste heat recovery unit (WHRU) is an energy recovery heat exchanger that transfers heat from process outputs at high temperature to another part of the process for some purpose, usually increased efficiency. The WHRU is a tool involved in cogeneration. Waste heat may be extracted from sources such as hot flue gases from a diesel generator, steam from cooling towers, or even waste water from cooling processes such as in steel cooling. Heat recovery units Waste heat found in the exhaust gas of various processes or even from the exhaust stream of a conditioning unit can be used to preheat the incoming gas. This is one of the basic methods for recovery of waste heat. Many steel making plants use this process as an economic method to increase the production of the plant with lower fuel demand. There are many different commercial recovery units for the transferring of energy from hot medium space to lower one: * Recuperators: This name is given to different types of heat exchan ...
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Greenhouse Gas Emissions
Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and large oil and gas companies, many state-owned by OPEC and Russia. Human-caused emissions have increased atmospheric carbon dioxide by about 50% over pre-industrial levels. The growing levels of emissions have varied, but it was consistent among all greenhouse gases (GHG). Emissions in the 2010s averaged 56 billion tons a year, higher than ever before. Electricity generation and transport are major emitters; the largest single source, according to the United States Environmental Protection Agency, is transportation, accounting for 27% of all USA greenhouse gas emissions. Deforestation and other changes in land use also emit carbon dioxide and methane. The largest source of anthropogenic methane emissions is agriculture, closely followed by ...
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Cogeneration
Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time. Cogeneration is a more efficient use of fuel or heat, because otherwise- wasted heat from electricity generation is put to some productive use. Combined heat and power (CHP) plants recover otherwise wasted thermal energy for heating. This is also called combined heat and power district heating. Small CHP plants are an example of decentralized energy. By-product heat at moderate temperatures (100–180 °C, 212–356 °F) can also be used in absorption refrigerators for cooling. The supply of high-temperature heat first drives a gas or steam turbine-powered generator. The resulting low-temperature waste heat is then used for water or space heating. At smaller scales (typically below 1 MW), a gas engine or diesel engine may be used. Cogeneration is also common with geothermal power plants as they often produce relatively lo ...
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