(Source: PRNewswire-Asia)
SHANGHAI, China, Jan. 20 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (ISIN: US16943V2060 - OTC Bulletin Board: CGYV; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, announced today that, per estimate, the company helped complete and deliver the equivalent of roughly 143 MW of energy generation capacity to its clients in 2008. That same amount of power generation, if provided through traditional coal-fired power plants, would have required approximately 309,000 tons of coal (coal equivalent) and generated roughly 822,000 tons of carbon dioxide emission -- one of the major sources for greenhouse gases and global warming -- a year. Instead, China Energy Recovery's systems use nothing but waste energy recovered, capturing and converting what would normally be wasted energy into useable, efficient energy and saving its customers significant energy costs.
''2008 was undoubtedly China Energy Recovery's most successful year to date, and we're very pleased with the energy generation capacity we were able to help our clients achieve from what would otherwise be wasted energy resources,'' stated CER's CEO, Mr. Qinghuan Wu.
CER recognizes that most industrial customers directly utilize the waste heat energy captured in the form of steam and return it back into their production processes to achieve the highest energy utilization efficiency possible, and save on their costs of energy. The benefit is, therefore, more about energy efficiency than it is as a replacement source for additional energy generation. If measured on a cost-per-MW-produced basis against other ''clean tech'' energy generation sources such as wind or solar energy, the investment costs would be significantly higher than those for energy recovery systems. Waste energy recovery systems have even been deemed to be cost-competitive when compared against large-scale conventional power sources such as coal, fossil fuel and nuclear power.
What is Waste Heat Energy Recovery?
Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S.
