COMBINED HEAT & POWER:
Reduces Fuel Consumption - CHP reduces fuel consumption by up to 30% because the same amount of fuel supplies both electricity and thermal power.
Increases Energy Efficiency - Energy efficiency is increased by up to 40%. One reason is that there is a saving in transmission costs as the power is produced at the facility. Also, less fuel used means greater efficiency and a smaller carbon footprint.
Increases Reliability - A CHP System provides up to 99.99998% reliability. This is because it continues to produce electricity even when the electrical grid is down.
Reduces Greenhouse Gas - Greenhouse Gas (GHG) emissions are reduced as less fuel is used and the fuel is usually natural gas that is about 40% lower in emissions than coal and 30% lower than oil. A CHP System is 73% "GREENER" than a coal-fired facility.
Increases Profitability - Your cost per unit of power is reduced and in most cases you can sell excess electricity back to the grid.
Extends the Life of the Current Power Plant - Because of the increased efficiency, the existing power infrastructure takes less of a load and lasts longer hours.
Can Be Installed As a Module - Your system can be modulized and or containerized for easy expansion as you grow.
Takes Advantage of Natural Gas - The recent shale gas revolution is a "game changer". As a result, the near and long-term supply outlook and competitive price position for natural gas will push CHP to new growth levels.
THE PAY- BACK PERIOD IS USUALLY 3 to 4 YEARS - Not only that, 100% project financing is available!
LEASING IS ALSO AVAILABLE
MANY FINANCING OPTIONS ARE AVAILABLE
If your choice is to buy the CHP System, benefits include:
- Favorable bank financing.
- Locked forward natural gas contracts in several states.
- MACRS or accelerated depreciation.
- Aggressive state incentives.
- Federal Investment Tax Credit (10%).
In addition, LEASING IS AVAILABLE.
POWER ISLAND ENERGY is a turnkey CHP Developer. We have teaming partners in place to perform all aspects of CHP System development. These may differ based on the geographic region and will be presented after feasibility discussions regarding a specific project begin.
POWER ISLAND ENERGY and its partners have completed many CHP projects. These will be presented after feasibility discussions regarding a specific project begin.