MegaJoule Ventures LLC (MJV) owns, invests in and strategically aligns with companies and organizations focused on developing, validating and launching environmentally sustainable energy technologies and solutions.
MJV brings together physical, financial and human resources, industry expertise, and a strong network of in-house and partner companies to enable a greener circular economy.
A circular economy is an economic system aimed at eliminating waste and the continual use of resources. Circular systems employ reuse, sharing, repair, refurbishment, remanufacturing and recycling to create a closed-loop system, minimizing the use of resource inputs and the creation of waste, pollution and carbon emissions.
The circular economy aims to keep products, equipment and infrastructure in use for longer, thus improving the productivity of these resources. All “waste” should become “food” for another process: either a by-product or recovered resource for another industrial process or as regenerative resources for nature (e.g., compost). This regenerative approach is in contrast to the traditional linear economy, which has a “take, make, dispose” model of production.
Weetman, Catherine (2016). A Circular Economy Handbook for Business and Supply Chains: Repair, Remake, Redesign, Rethink. London, United Kingdom: Kogan Page. p.25. ISBN 978-0-74947675-5. OCLC 967729002.