January 20, 2009
The Green Energy Machine converts trash into energy
Waltham-based IST Energy launched the GEM, a Green Energy Machine this week. It works like this: Everyday trash, which could also include agricultural materials and even rubber tires, is piled in the machine, and turned, into small fuel pellets. Those pellets are then converted into electricity and gas heat. The machines are designed for businesses that produce at least two tons of trash per day such as hotels, universities, apartment complexes, industrial plants, stadiums, and office buildings. It takes up three parking spaces and can easily be placed in a lot.
The GEM costs $850,000, but that investment will be returned in 3 to 4 years, the company believes. However, to soften the cost of adopting the solution, it is providing leasing options for those interested.