TREVOR HEISLER

Better, cleaner ways to meet our energy needs

Combined Heat & Power Market to Reach Installed Capacity of 972GW by 2025

2/23/2017

0 Comments

 
According to a report from Research and Markets, the global Combined Heat and Power market is expected to continue its growth trajectory, approaching an installed capacity of approximately 972 GW by 2025. This is up from approximately 755.2 GW of installed capacity in 2016.
 
The total CHP installed capacity increased from 437.4 Gigawatts (GW) in 2006 to 733.7 GW in 2015, at a Compound Annual Growth Rate (CAGR) of 5.9%. The market is being driven by the need for energy efficiency, growing environmental concern, and increasing government incentives and policies to promote cogeneration.
 
Governments around the world are supporting the growth in CHP by way of favorable policies and financial incentives. Strong commitment from these governments for the development of CHP has led to various R&D initiatives and CHP installations, which will drive the market in the upcoming period.
 
We believe that companies that are able to combine CHP with waste heat recovery technologies will be better-positioned to capitalize on the strong market fundamentals and expected growth.  For instance, combining a typical cogeneration product with Thermal Energy International’s proprietary FLU-ACE heat recovery technology results in a marked improvement, pushing efficiency up to as high as 93%, compared to typical cogeneration systems that provide efficiency of around 65% to 75% on average.

Cleantechies | ​​Super-Efficient Cogeneration Solution Reduces Electricity Costs by up to 70%

0 Comments



Leave a Reply.

    Overview

    We believe it is essential that we move to a clean energy economy and lessen our dependence on fossil fuels this decade. This blog shares ideas, news and other information about better, cleaner ways to meet our energy needs.

    Archives

    December 2017
    September 2017
    June 2017
    March 2017
    February 2017
    January 2017
    November 2016
    October 2016
    September 2016
    July 2016
    May 2016
    April 2016

    Categories

    All
    Cogeneration
    Energy Efficiency
    Heat Recovery
    Paris Agreement
    Renewable Power
    Solar

    RSS Feed

Powered by Create your own unique website with customizable templates.