A new report released by GlobalData says combined heat and power (CHP) as an energy source is on an upward swing in Europe.
The study, entitled “Combined Heat and Power (CHP) for Thermal Power Plants in Europe – Market Size, Competitive Landscape, Trends and Analysis to 2020,” covers seven countries in Europe (Germany, UK, Poland, Italy, Spain, Hungary, and France) and says that the demand for more environmentally conscious energy sources are the driving force in CHP’s popularity.
“The increasing global demand for electrical power and the simultaneous rise in environmental concerns and legislation are the major drivers for the cogeneration market,” a report summary says. “The market participants have recognized the profound need for sustainable development through a well balanced energy portfolio inclusive of energy-efficient technologies.”
Also known as cogeneration, CHP takes the by-product heat used in manufacturing and converts it to energy. Whereas conventional power plants would simply emit this heat, letting it rise into the atmosphere, cogeneration
actually retains this heat.
A prime example of this energy conversion is set to take place at a pulp mill in Thurso, QC owned and operated by Vancouver-based specialty paper producer Fortress Paper Ltd. The company plans to build a 25-megawatt cogeneration plant at the Thurso mill to capture excess heat and steam from the process of making dissolving pulp. The cogeneration plant will then convert these energy sources into power both for the mill itself and for the province of Quebec.
Initial plans see Fortress exporting 18.8 megawatts of energy to the provincial power grids over a 15-year term with the remaining energy used to power the Thurso mill and its operations.
The facility is expected to be up and running by late 2012.
Report Linker: “Combined Heat and Power (CHP) for Thermal Power Plants in Europe – Market Size, Competitive Landscape, Trends and Analysis to 2020”
Fortress Specialty Cellulose: “Comprehending Cogeneration”