December 1, 2011 in Biotech/ Biofuels
Methane Harvest, based in Cambridge, MA, delivers a genius solution for waste water treatment plants which converts the plant’s waste into electricity and heating. Moreover, MH’s innovative build-own-operate model provides a risk-free, cheap, local, and clean electricity solution for the plant and the plant’s community.
Methane Harvest is another great project integrating the bio-digester concept. But they doesn’t actually build the bio-digesters -
Rather, Methane Harvest leverages the fact that bio-digesters already exist at water treatment plants, and provides on-site Combined Heat and Power (CHP) systems that are fueled by the plant’s digester methane.
Methane Harvest’s CHP system can provide 100% of the plant’s heat needs and >30% of the electricity needs.
And what’s most exciting about Methane Harvest’s solution — is the business model. Methane Harvest assumes all costs associated with the CHP and in return, contracts with the plant’s municipality to purchase electricity generated at below-market rates under a 20-year agreement.
“We build it. We own it. We operate it. You save.”
Specific application. Proven technology. Creative business model. And local. Awesome.