As the economic outlook continues to be troubled, the challenge for business and institutions a href=”http://www.energysmart.com.au/solar-panels-brisbane”>solar power brisbane to identify and implement strategies to reduce costs and maximize operating efficiencies continues to intensify. Deregulation of the energy markets and the opportunity to choose a new power supplier was once touted as a source of savings and a competitive advantage. In most cases, the savings have yet to materialize and the complexity and lack of transparency in the energy markets has colored the attractiveness of this potential opportunity. In fact, many states have either postponed retail energy market deregulation or reversed course on deregulating these markets. While some day this promise may be realized, today, the savings remain elusive.
So where do businesses and institutional facilities turn to find savings? The one real energy solution that can be a source of significant savings and competitive advantage, is an onsite combined heat and power system. (Is your facility a good candidate for onsite power?)
What is Combined Heat and Power?
Combined heat and power (CHP) or cogeneration refers to a system that generates both electricity and thermal energy. These integrated systems are much more efficient than conventional energy technologies, with over 80% of the energy generated being used onsite. The thermal energy output of the system can be used for processes such as building heating and cooling, steam generation, and in other industrial or commercial functions.
What are the Benefits of Combined Heat and Power?
Combined heat and power has the potential to help answer some of our country’s most pressing energy challenges. In fact, President Bush endorsed the goal of the CHP Industry, DOE, and EPA to double US CHP capacity between 1999 and 2010 in his climate change report. On a national basis, wide-spread CHP would deliver a number of benefits, including:
Reduced energy costs by significantly improving the efficiency of the fuel combustion processes required to produce electricity.
Decreased air pollution from the lower fuel usage associated with CHP systems compared to conventional generation.
Enhanced reliability of the electric grid and decreased congestion through distributed power and reducing the line losses associated with electricity transmission.
Indirectly, improved energy national security through enhanced energy efficiency.
Closer to home, the direct benefits to business and institutions are clear, including:
Reduced Energy and Operating Costs
Improved Operating Efficiency
Superior Environmental Performance