CHP stands for Combined Heat and Power, and it’s a system that can help you save on energy in Toronto by combining your electricity and thermal energy needs and providing for them with one reliable system and one fuel source.
How does it work?
In order for CHP to work, you need to have both electricity and thermal energy requirements. The system combines both needs into one efficient system, and powers it using one fuel source. It is most commonly powered by natural gas, but energy can also be generated using biomass, biogas, and waste heat.
What are the benefits?
For those with ongoing electricity and thermal energy needs, the CHP system can help you save on Energy in Toronto. A high-efficiency system that combines both needs and generates them from one fuel source lowers both electricity costs and heat generation costs, but it also presents a reliable system that can handle critical energy requirements without need of an emergency backup solution. Savings are generated by the lower fuel costs that are required to generate electricity and thermal power, and the system also offers overall efficiency to further increase those savings. But that isn’t all; CHP also helps you cut down on those transmission and distribution costs that somehow seem to exceed the cost of energy consumption itself, and there are process and systems incentives worth up to 100 per cent of the installation too.
You won’t just save on energy costs in Toronto if you decide to switch over to CHP. The system offers a number of benefits for those who will soon have to, or are already required to, upgrade boilers or backup generators. CHP could offer an effective and cost-saving alternative to the high costs of those replacements. CHP can, in some cases, replace a percentage of a boiler’s output while generating electricity at the same time. Plus, it eliminates the need to store extra diesel fuel onsite, undergo ongoing system testing, and store and maintain a backup energy generating system. When the system is unable to draw from the power grid, CHP will operate as an electrical island. That means you never have to worry about losing operation of essentials like elevators, lighting, industrial processes, and vital equipment—even for emergency healthcare use, when an outage creates more than just an inconvenience and a cessation of profit.
Who can benefit from CHP?
Anyone who has an ongoing need for both electricity and thermal energy can save energy in Toronto by using a CHP system. They are most commonly implemented in industrial facilities, manufacturing facilities, food processing plants, pharmaceutical companies, universities, hospitals, and multi-residential buildings, but anyone can inquire into CHP to see if it would make sense as an efficient electricity and thermal energy solution for their building or facility.
Hydro costs are a hot topic in Ontario right now. If you are interested in saving on energy in Toronto, don’t wait around to see if government regulation will cause hydro rates will stabilize. See if a CHP system is right for you instead. Contact us at Energyrates.ca today to learn more about how to get started.