With Combined Heat & Power, also called cogeneration, electricity is generated and the waste heat is captured and recycled for the purposes of power generation and thermal energy, including hot water, steam and chilled water. The result is substantial savings in utility costs, often up to 50 percent, with a quick return on investment.
Growing environmental concerns along with advancements in CHP technology have spurred interest in CHP from organizations seeking to:
- Reduce energy costs energy efficiency
- Reduce greenhouse gas emissions
- Generate renewable power
- Ensure availability of heat and electricity supply
- Reduce operating cost by displacing purchasing fuel for thermal needs
- Reduce reliance on the electrical power grid