Owl Power Announces Installation and Operation of World's First Clean Energy System for Restaurants
Corporate Social Responsibility Press Release
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1.05.2009 - 08:51am ET
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Owl Power Company
Owl Power Announces Installation and Operation of World's First Clean Energy System for Restaurants
Finz Seafood & Grill shows how any restaurant can use their own waste vegetable oil to generate electricity and hot water at their back door
(CSRwire) BOYLSTON, Mass., Jan. 5 /PRNewswire/ -- Owl Power Company, developer and
manufacturer of clean energy cogeneration systems, has announced
Vegawatt(TM), an innovative new cogeneration system for restaurants and
food service facilities. Vegawatt(TM) uses waste vegetable oil from any
food service operation as a fuel to generate on-site electricity and hot
water, saving the restaurant thousands of dollars as well as providing a
clean, renewable source of energy. Vegawatt is installed and has been
running since early December at Finz Seafood and Grill (http://www.hipfinz.com).
"As a restaurant operator I am constantly looking for more efficient
methods, and especially for costs-saving measures," said George Carey,
owner of Finz Seafood & Grill in Dedham, Massachusetts, the first
establishment to install the Vegawatt(TM) system. "My largest line-item
expense is runaway utility costs. The Vegawatt(TM) system enables me to
significantly reduce my energy costs, generate clean energy on-site, and
very importantly, reduce the heavy energy footprint of my restaurant."
The Vegawatt(TM) utilizes waste vegetable oil (WVO) from a restaurant deep
fryer to prepare a non-toxic fuel. This fuel is used to produce electricity
and hot water, which reduces electricity and natural gas purchases. Any
food service location with fryers can use the Vegawatt(TM) system to save
$800 monthly. It is a fully automated system that requires no intervention
or maintenance by restaurant staff, no additional chemicals, and produces
no liquid byproducts.
"The Vegawatt(TM) is quite impressive," stated Peter Christie, President
of the Massachusetts Restaurant Association. "It is a breakthrough in
technology that will allow for a better environment while making use of
oil that would normally be thrown out."
Most restaurants pay to dispose of their used cooking oil. Some owners
have begun to receive compensation for this oil, typically $0.10 to $0.25
per gallon. Vegawatt(TM) owners will achieve a value of $2.55 per gallon.
New green energy incentives and Renewable Energy Certificates (REC's) will
increase the payback to the restaurant.
"As businesses everywhere are taking a hard look at their energy costs and
their environmental impact, Vegawatt(TM) enables restaurant owners to help
themselves and the planet at the same time," stated James Peret, President
and CEO of Owl Power Company.
About Owl Power Company
Owl Power Company is a Massachusetts-based company that manufactures,
installs, and operates clean energy cogeneration systems. The company's
flagship product, Vegawatt(TM), is an automated, combined heat and power
(CHP) system that utilizes waste vegetable oil as its feedstock. For more
information, visit http://www.vegawatt.com.
For more information please contact:
Ben Prentice, Vice President of Sales
Owl Power Company
+1-508-636-4645
News Categories:
Clean Technology and Renewable/Alternative Energy
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