The 21st century has highlighted a need for clean, efficient and economic energy, which has put Combined Heat & Power (CHP) into the limelight. By providing on-site power generation, waste heat recovery and system integration, CHP offers a realistic, near-term solution for exceptional energy efficiency and emission reduction. CHP systems can generate electricity locally while they recover heat to satisfy heating loads in buildings.
Fears over future power shortages highlights requirement for standby power and CHP
Britain is facing a future where energy prices are going to escalate and energy sources will become insecure and unreliable according to a recent report from the industry regulator Ofgem. It stated that a combination of a global financial crisis, tough environmental targets, increasing gas import dependency and the closure of ageing power stations are to blame for rising costs and uncertain supplies.
What is combined heat & electrical power?
The concept of cogeneration is all about combined heat and electrical power (CHP). Unlike a classic power station, where heat produced when making electricity, is wasted into the environment – CHP units collect all this waste heat and use it for something. This saves fuel which would otherwise need to be used in boilers for producing that heat.
Carbon Trust funding for CHP
Investing in energy efficient equipment like Combined Heating and Power makes sound business and environmental sense, and with the new Carbon Trust and Siemens package, this is now being made easier than ever.
Whilst the Carbon Trust are no longer offering the interest free loans scheme (as of 1st April 2011), the Carbon Trust have now partnered with Siemens Financial Services to offer much more than they ever could before, at extremely competitive rates.