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A Waltham-based waste management company has developed a new industrial dumpster capable of converting waste — paper, wood, plastic and organic — into on-site heat and power.
The company, called IST Energy Corp. and a spinout of product developer Infoscitex Corp., plans the first pilot test in the coming weeks. Executives declined to comment for this report.
According to corporate documents, the GEM, as it is called, converts waste into high-density fuel pellets, which are then gasified to create a synthetic gas, used to power a generator.
According to company documents, the GEM can convert 95 percent of the waste into energy at the rate of about three tons of waste into 120 kilowatts of electricity and 240 kilowatts of thermal energy. The remaining five percent is “innocuous ash.”
The unit is aimed at sites such as amusement parks, stadiums, and office buildings — any facility that produces more than two tons of trash per day.
According to the Environmental Protection Agency’s 2007 Municipal Solid Waste Characterization, the U.S. produced 254 million tons of solid waste in 2007, most going into the nations’ landfills. IST Energy hopes to take some of that burden from landfills and provide a distributed power source as well.
Both companies are led by Infoscitex co-founder Stuart Haber, the former CEO of Waltham-based systems engineering company Schafer Corp., according to state documents. Haber is also a member of Waltham IT management company Relevant Technologies Inc.
Waste to energy technologies are gaining ground in the clean energy space. Boston’s Ze-gen Inc., which makes system that converts construction and industrial waste, including metals, into a synthetic gas, this week closed a $20 million Series B round of funding.
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