NYC: CEEP Funders Breakfast
Center for Economic and Environmental Partnership: Veggies Power Lightbulbs.
Hosted at Dickstein Shapiro LLP, 1633 Broadway, 32nd floor
(between 50th and 51st Streets), CEEP breakfasts bring the latest in new technologies to interested funders and investors.
With Vegawattâ„¢, your cooking oil fries your potatoes and then powers your lights and heats your water"”without ever leaving the premises.
Vegawattâ„¢ is an on-site cogeneration system that transforms waste vegetable oil (WVO) into electricity and hot water for food service facilities. A plug-and-play Vegawattâ„¢ system accepts used cooking oil right out of the fryer and transforms it into energy with no operator intervention. Unlike traditional oil disposal, the Vegawattâ„¢ offsets electricity and natural gas cost, saving the facility money. Unlike other cogeneration systems that operate on petroleum-based fuels (diesel, natural gas, gasoline), Vegawattâ„¢'s fuel is Waste Vegetable Oil (WVO) "“ a renewable energy resource. Moreover, it avoids the costs of collection, transportation, refining and transportation (again).
The Vegawattâ„¢ technology's principal market is foodservice facilities that utilize deep fat frying in preparing food products. These operations include local and chain restaurants, supermarkets, colleges and universities, cafeterias and caterers, hospitals, prisons, and food manufacturing facilities. This flexible technology, that comes in several size units, serves clients with weekly oil production volumes from 35 to 120 gallons.
Vegawattâ„¢'s economics are compelling. Customers receive $4.00 to $6.00 for each gallon of WVO (which typically costs $3.10 per gallon new). Payback is less than 4 years with no incentives, and 1.5 to 3.0 years with existing incentives.
Vegawattâ„¢ units come with a service plan, and an onboard electronic monitor relays critical system parameters so that maintenance events can be predicted and scheduled. There are already several Vegawattâ„¢ units operating across the Northeastern Seaboard.
The Center for Economic and Environmental Partnership, Inc. (CEEP) is a 501(c)(3) not for profit New York corporation that funds and sponsors programs promoting development of an effective and competitive environmental industry in New York State and advance development of sound environmental business policies and programs in New York State and elsewhere.
Dickstein Shapiro LLP
1633 Broadway, 32nd floor
(between 50th and 51st Streets)
Tell the personnel at the security desk in the ground floor lobby that you are attending the Funders' Breakfast at the Center for Economic and Environmental Partnership, Inc. meeting at Dickstein Shapiro LLP. You will need personal ID. They will issue a pass.