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Sep 2, 2012

40 GW CHP Would Save $10bn a Year, Report Finds -- But Barriers Remain

Source: Environmental Leader, 8/31/12.

Achieving 40 GW of new combined heat and power by 2020 would save energy users $10 billion a year compared to current energy use and reduce emissions by 150 million metric tons of CO2 annually, according to a report by the Department of Energy and EPA. "Combined Heat and Power: A Clean Energy Solution," released to coincide with the Obama administration's announcement of a national 40 GW target for CHP capacity, says meeting the target would raise capacity by 50 percent in less than a decade and would save 1 quadrillion Btus of energy compared to current use. To meet President Obama's goal, the US must overcome several barriers such as investor-owned electric utilities that view CHP as "revenue erosion," a limited CHP supply infrastructure and various market uncertainties: fuel and electricity prices, regional and national economic conditions, market sector growth, utility and power market regulation and environmental policy.

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