A Better Way to Generate Power
The conventional way of distributing power, from point of production to customer consumption, is akin to moving water from one pond to another using a bucket riddled with holes.
The inevitable “leakage” that occurs through this process of power distribution is highly inefficient - the loss of potentially useful energy. It is for this reason that we believe in co-locating our facilities close to the ultimate end users of power. Moreover, as a society grappling with the fallout of climate change, we now have compelling reasons to supplement the conventional fuels used for centuries with the “new age” alternatives in abundance around us. These new fuels include plastic and agricultural wastes. Traditionally dismissed as waste products or simple garbage, these products are in fact a source of abundant, untapped energy. The old way of doing things has contributed negatively to the world around us—to our personal and public health, the environment, the climate, and our pocketbooks. PRG believes in reducing that harmful impact by producing energy from novel fuel sources in need of disposal. Fueling industry from the waste that is prevalent all around us and continuously being produced is, simply put, a no-brainer.
The transition from inefficient, finite fuel sources operating within a centralized paradigm to efficient fuel systems with distributed generation is foreseeable in the near future. In fact, we have just reached the watershed tipping point of price parity, making these new fuel sources the next rational stage of energy use for industry. The smart money has already invested, and smart people are gravitating to the opportunities that abound in the industry. Smart government and smart industry have each followed in their steps, embracing this new, more efficient, and more profitable way of doing business.
Biomass is a particular type of waste-to-energy that utilizes a recently organic, or living, waste stream.
The PRG approach to biomass uses heat and oxygen to create energy in the form of steam or hot water that is then used as electricity for co-located industrial facilities. The system utilizes extremely robust, long-proven emissions technologies that maximize the production of usable energy while producing radically minimal emissions compliant with the strictest environmental regulations. As an added environmental benefit, using certain animal wastes as a biomass fuel also avoids the methane emissions that would have inevitably resulted from the decomposition of such material had it not been utilized as fuel.
PRG has participated in wood waste biomass projects and is currently constructing a ~$30 million, 200 Tons Per Day (TPD) poultry-litter-to-energy plant near its headquarters in Farmville, North Carolina. A second site using the same technology is in development, as well as another facility located outside of North Carolina.
The PRG team is currently committed to an array of projects using non-recyclable plastics as a fuel source.
We believe that any plastic that can be realistically recycled should be. Many of these plastics, however, are not currently being recycled, and there are many more types of plastics that cannot be recycled with the available technology, either now or in the foreseeable future. China’s erection of the “green fence” a policy restricting the importation of solid waste into the country, means that a shocking amount of the plastics that consumers deposit into their single-source recycling bins ends up in the landfill. This shift in policy has been enormously challenging for the business models of those working in the recycling and waste management industries, even putting at risk the current programs in place for the recycling of non-plastics.
Plastics, however, are an excellent fuel source. Moreover, the conversion and emissions technology has now reached a point where plastics can be leveraged in the production of clean and economically viable energy. Needlessly waiting while landfills reach capacity and the current crisis deepens into a catastrophe makes no sense. Now is the time to use this untapped fuel source in the creation of clean, renewable energy.
PRG has multiple advantages in this space, including:
lessons learned in agricultural biomass, such as those relating to the advantages of proven technologies with robust emissions controls over the pre-commercial equipment which has long plagued waste-to-energy;
a wealth of experience in the creation of fuel using a mix of plastics waste with agricultural and other wastes that improve material handling efficiencies;
co-location of energy production with recycling sorting sites to maximize transport as well as power and thermal off-take;
a strong command of the complex regulatory and legal frameworks required for success;
and much more!
Solar energy is a resource existing all around us and often in plentiful supply. PRG has a specialized focus in this market, utilizing waste land resources, landfills, and the needs of existing industrial counter-parties to strategically cover industrial loads associated with PRG projects.
Industrial Solar Equipment Lease
PRG has taken advantage of recently enacted state regulations to expand its initiatives. These include three 1MW solar projects that are currently under development and which will lease solar equipment for large-scale industrial power use. The host sites are also counter-parties to PRG with respect to certain of its waste projects, dovetailing nicely with the PRG skill set and overall mission.
Historically, PRG has assumed key positions in a wide variety of projects…
Including multiple roles with www.reventurepark.com . In fact, the PRG partners were recognized by the Environmental Protection Agency for their role in this development and for their other contributions to innovative projects in the wake of the Great Recession of 2008. During this challenging era, PRG acted as the energy lead for multiple county and municipal governments, deploying recovery funding across a broad array of applications. Additionally, the PRG team has been instrumental in performing waste study research and in vetting the commercialization of cutting-edge waste-to-energy technologies in nationwide site assessments for waste-stream energy-utilization projects. PRG’s leadership and recognized expertise makes it a valuable partner in the development of alternative energy projects.