US developers call for CHP incentives

CHP developers are pushing hard for a programme that would lock the US state of New Jersey into building a set amount of CHP facilities each year.

The idea is to create an Alternative Energy Portfolio Standard for CHP in the same way that New Jersey and other states have created similar funds for solar and wind power - known as Renewable Portfolio Standard (RPS).

RPS requires power suppliers to increase the amount of electricity purchased from renewable energy sources each year. In New Jersey, the state hopes to source 30% of its electricity from renewable energy by 2020.

A similar CHP scheme in Massachusetts led to a 58% increase in electricity coming from CHP plants.

Until last year, there also was a fund available to build CHP plants, a technology used at more than 250 locations in New Jersey, mainly at hospitals, schools and factories.

But the money set aside for CHP projects was diverted to help balance the state budget last year.

For more Policy & Regulation news click here.

For more Cogeneration/CHP news click here.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...