Arcelormittal (MTCN) 17.87 $MTCN
Tecogen Innovation Shining in Growing Cogeneration Industry
ACCESSWIRE - Thu Jul 24, 9:02AM CDT
WHITEFISH, MT / July 24, 2014 / Interest in combined heat and power, CHP or cogeneration as its often called, is continuing to grow in the United States, according to market intelligence firm Industrial Info Resources. The researchers are tracking 477 CHP-related projects in Texas and Louisiana alone with a total investment value in excess of $64 billion. There are several drivers behind increased implementation of highly efficient onsite CHP systems, which simultaneously produce electric and thermal energy from a single source, including meeting tightening environmental emission standards, stabilizing natural gas prices (often used as the source fuel) and President Obama's goal of 40 gigawatts of new CHP by the year 2020. Of course, there's always the balance sheet too, which benefits from the result of CHP's 90% efficiency, versus only about 33% for energy from a traditional power station. The breadth of the potential CHP domain is wide, with applications for the scalable systems spanning millions of buildings across the country from multi-unit housing to massive industrial projects.
TGEN: 5.37 (+0.11), MTCN: 17.87 (+1.01), PRI.TO: 6.27 (+0.01), X: 26.36 (+1.12)
Tecogen Innovation Shining in Growing Cogeneration Industry
ACCESSWIRE - Thu Jul 24, 9:02AM CDT
WHITEFISH, MT / July 24, 2014 / Interest in combined heat and power, CHP or cogeneration as its often called, is continuing to grow in the United States, according to market intelligence firm Industrial Info Resources. The researchers are tracking 477 CHP-related projects in Texas and Louisiana alone with a total investment value in excess of $64 billion. There are several drivers behind increased implementation of highly efficient onsite CHP systems, which simultaneously produce electric and thermal energy from a single source, including meeting tightening environmental emission standards, stabilizing natural gas prices (often used as the source fuel) and President Obama's goal of 40 gigawatts of new CHP by the year 2020. Of course, there's always the balance sheet too, which benefits from the result of CHP's 90% efficiency, versus only about 33% for energy from a traditional power station. The breadth of the potential CHP domain is wide, with applications for the scalable systems spanning millions of buildings across the country from multi-unit housing to massive industrial projects.
TGEN: 5.37 (+0.11), MTCN: 17.87 (+1.01), PRI.TO: 6.27 (+0.01), X: 26.36 (+1.12)
