Combined Heat & Power
Combined Heat and Power (CHP) is an on-site integrated energy system that generates both electricity and thermal energy using natural gas. The exhaust heat can be recovered for manufacturing processes, space or water heating, or both. In order for CHP to be viable, the company must have ongoing requirements for both types of energy.
The economic benefits of any CHP project are dependent on electricity rates, system design, equipment cost and CHP operating practices. The value of the benefits will depend on the needs and goals of the company.
GR Energy Management Inc. can provide an initial evaluation for a CHP system by conducting an initial screening of potential CHP cost savings based on basic site data – annual electricity usage, annual thermal loads, average electricity and fuel prices, and annual hours of operation. Should this initial evaluation prove a potential fit for your company, Detailed Engineering Studies (DES) can be conducted to determine the technical and economic viability of a CHP project. Incentives from public utilities may be available to cover the costs (up to $50,000) for a DES.
Once the DES is completed a thorough review and evaluation of the report will be undertaken and recommendations made for next steps.
GR Energy Management Inc. can provide complete project management and installation services should CHP be selected as a method for reducing long term energy costs.