New Business Harvests Waste Heat to Run Electric Generators
By Carol Gulyas
This article was originally posted on CleanTechnica, part of the Green Options Media Blog Network. Visit CleanTechnica for more clean tech news.
We renewable energy advocates love our silicon solar cells, but they come at a price: the process of making silicon generates massive amounts of heat and is a great, big electricity hog.
“Quartz rocks placed in electric-arc furnaces exude oxygen as superheated gas, leaving molten silicon. Just venting all that heat without setting something afire is a concern.” — Jon Van, Chicago Tribune
Now a company has found a way to make money capturing and using that heat, to make steam to run electrical generators. Illinois company Recycled Energy Development LLC, or RED, announced it has closed a deal with West Virginia Alloys, a silicon making subsidiary of Globe Metallurgical, Inc. The deal allows West Virginia Alloys to lock in a price for its electricity for 25 years; since that’s their largest cost of doing business, they’re happy. And since West Virginia’s electricity comes from burning coal, the state is pretty happy about having a way to help offset the millions of tons of greenhouse gases produced there. RED is getting big money from a deal made with Denham Capital Management, a private equity firm fueled by $1.5Billion from Bill Gates and Harvard University.
Tags: news, Other Renewable Energy Sources, waste heat, west virginia

