Website Connects Lenders/Borrows for Combined Heat & Power Projects

Increasingly, large industrial plants, commercial operations and institutions like hospitals are putting their chips on CHP technology–combined heat and power. CHP, also known as cogeneration, is the concurrent production of electricity and useful thermal energy (heating and/or cooling) from a single source of energy. It is a small power plant that can both generate electricity and generate heat (or cooling) at the same time. Nothing gets wasted. The heat that comes from generating electricity is reused. Very efficient. CHP is not a particularly “new” technology. What is new is that more and more facilities are beginning to use it, because of the abundance of cheap, clean-burning natural gas. We wrote about CHP in November when we pointed out a new CHP installation at Lancaster General Hospital (see Lancaster Hospital Produces Its Own Electricity Using Marcellus Gas). There are a dozen other hospitals across PA that also use CHP. The cool thing? Much (most?) of the time the primary fuel used in CHP installations is natural gas. We spotted an article on MDN’s sister site Natural Gas Now about a new website called CHP-Funder (www.CHP-Funder.com). The site matches those who want to build CHP plants with those willing to fund them. How neat is that?! Here’s the story of CHP-Funder and how it’s helping to clean the air and make energy cheaper…

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