A new joint venture between a Grand Rapids investment firm owned by Dick and Betsy DeVos and Portage company, Pro Services, has launched and is expected to employ 15 people this year.
Their new company,
Pro Renewables, will sell what is known as Green Machine.
Excerpt:
The patented Green Machine invented and manufactured by ElectraTherm Inc. in Reno, Nev. has been installed in six locations worldwide and has earned awards from such respected publications as The Wall Street Journal and Popular Science magazine.
One of the newest of the six Green Machine installations is in the Michigan Technical Education Center at Kalamazoo Valley Community College in Kalamazoo, where a demonstration and announcement about the new venture took place Wednesday morning.
"We are pleased to announce this new venture bringing the Green Machine to the Midwest," says Dick DeVos, president of The Windquest Group.
The venture, called ProRenewables, LLC, represents a partnership between The Windquest Group, DeVos' investment management firm in Grand Rapids, and Pro Services, a specialized trades contractor in Portage.
The Green Machine uses heat and pressure recovery technologies to capture heat lost from virtually any geothermal or industrial operation and turn it into fuel-free, emission-free usable electricity. The escaping heat is a byproduct readily available from industrial sources, among them inefficient machines and manufacturing processes, and is abundantly available in the Midwest where there's a broad base of energy intensive industrial activity.
Company officials estimate that more than two-thirds of the energy in fuel used to generate power in America is lost as heat.
Read
the whole story, to learn more about the company.
Source: Rapid Growth Media
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