If you operate a commercial, industrial, or manufacturing business, you are almost certainly always vigilantly monitoring the profitability of your business. Through efficiency, good management, and eliminating waste, you keep your costs low. One of the biggest costs in commercial and industrial facilities is often the costs associated with process heat or even simply heating and cooling the facility itself. One great way to manage your costs is to install a combined heat and power system, also known as a CHP.
What Is CHP?
Combined heat and power systems work together to simultaneously produce power while also trapping and utilizing heat. When power is generated heat is a natural byproduct. Normally, the heat generated by electric utility and other power systems just escapes into the environment through the smokestacks. It’s estimated that two-thirds of the energy of whatever fuel source being using is lost this way. A CHP captures the heat that would otherwise be lost and redeploys it throughout your system, thus increasing the efficiency of your process.
Benefits of a Combined Heat and Power System
Although it may seem obvious, the initial benefit of a CHP is the reduction in your utility costs. By using the heat generated through power systems, your facility becomes more efficient and less wasteful. Although boilers do help with this, a CHP operates even more efficiently, reducing energy costs and benefiting the bottom line.
A CHP system also helps you hedge against higher energy costs by allowing you to supply your own power and heat. The CHP system can be configured for different feedstocks, which means that if you have fuel switching capability, you can switch to a lower cost alternative if prices go up for the previous fuel source you were utilizing. To analyze the economic benefits and feasibility of a CHP you should considering working with qualified, experienced engineers and consultants like those at Polaris.
Another big benefit of CHP systems is that they reduces greenhouse gas emissions and reduces the strain on the power grid. If your organization is working towards being more fuel efficient and energy conscious, a CHP system will help you achieve your goals and maybe even qualify for energy-related tax credits. Every business is being encouraged to do their part in managing their emissions, and good engineering and newer technology helps them do precisely that.
Higher Efficiency Equals More Profits
Choosing a combined heat and power system means that your business is doing all it can for the environment. This is a great marketing tool, because consumers are looking to support businesses that are eco-friendly. However, the bottom line is that it also increases your profitability by lowering your operating costs and providing a reliable source of heat and power.
Every CHP system is designed to fit the facility. Polaris knows how to help your organization find the most efficient system to save you money and reduce your greenhouse gas emissions. By carefully analyzing your facility, our engineers will make sure you’re getting the most out of your system. Make the investment in your future and in the environment by installing a combined heat and power system in your facility. Polaris is an industry-leader that helps industrial facilities be more energy efficient and productive.