Date: Aug 30, 2012 Source: Company Data (
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Acton, MA (August 30, 2012) - MSW Power Corporation was formed by Stu Haber, the former President and CEO of IST Energy Corporation, to acquire IST Energy and invest the capital required to solidify the company's flagship product, the "GEM", as the prominent, small-scale, on-site waste-to-energy conversion system.
The GEM® is the first compact waste-to-energy system, making it ideally suited for on-site installation at any location producing at least two tons of trash daily. The GEM® affordably creates clean energy from post-consumer waste.
In addition to eliminating 95 percent of daily consumer waste, such as paper, plastic, food, wood and bio waste, the GEM® doubles as a clean energy producer. Through a patent-pending process, the system converts everyday trash into pellets that are, in turn, converted into electricity and heat.
"The GEM® is the right product at the right time," said Stu Haber, President and CEO of MSW Power. "The GEM® has created a value for every bag of trash we generate - first by eliminating the need for disposal and then by converting it into energy. This model can save businesses, institutions and municipalities hundreds of thousands of dollars annually. Never have sustainability and environmental stewardship been more of a focal point for Americans, especially considering President Obama's goals for energy independence."
By enabling on-site trash elimination, the GEM® reduces the financial and environmental burdens of trash removal. One unit processes up to three tons of waste daily, providing the energy to power and heat a 200,000 square foot building housing more than 500 people -- all in all reducing annual waste disposal and energy costs by about $250,000. Venues that are ideal for use include universities, hospitals, malls, resorts, amusement parks, arenas, stadiums, large apartment complexes, office buildings and industrial plants, as well as city and town transfer stations.
In addition to providing financial savings, the GEM® is eco-friendly and carbon negative, significantly diminishing greenhouse gases by 1,090 tons annually. The GEM® also powers itself with the clean energy it produces, supplying users with a self-sustaining alternative energy source.
The compact system is less than 10 feet high and covers about the size of three standard parking spaces. The GEM® is presently being demonstrated to potential customers at Edwards Air Force Base in California and Plymouth County Correctional Facility in Massachusetts. For more information on the GEM® visit www.mswpower.com.
About MSW Power Corporation and the GEM®
MSW Power Corporation's mission is to provide customers with environmentally-beneficial and economically-attractive solutions to their energy and environmental needs. The company strives to deliver practical solutions that provide a quick payback and are available today. MSW Power's flagship product, the GEM®, is a waste-to-energy conversion system enabling organizations to generate energy from waste on site. This facilitates highly efficient clean energy production and reduced greenhouse gas emissions and pollution.
