"Their CHP installations will provide onsite energy generation and re-use waste heat," BPU President Jeanne M. Fox explains to GlobeSt.com. "They are highly efficient and environmentally friendly systems that will benefit the company and all New Jersey residents."
In short, CHP systems benefit New Jersey residents and businesses by reducing greenhouse gas emissions, improving the reliability of the electricity grid and helping to control the cost of power by reducing peak demand, which drives up electricity prices for all the state's ratepayers. According to Fox, New Jersey's Clean Energy Program provides a number of incentives for both residents and businesses to reduce peak demand for electricity, use energy more efficiently and protect our finite resources.
Johnson Matthey is a worldwide specialty chemicals manufacturer of catalysts, precious metals and fine chemicals. The company's West Deptford facility provides a full range of commercial scale manufacturing services to the pharmaceutical industry. In October 2008, a 200-kilowatt fuel cell was installed at this facility to utilize natural gas to generate electricity on-site, while simultaneously producing useful energy in the form of waste heat.
This captured waste heat is then used to heat de-ionized water, which is used in the processing of catalyst material, explains Fox. The new energy efficient fuel cell is estimated to generate 1,185,000-kilowatt hours of electricity annually and recover 5,200 Million British Thermal Units (MMBTUs) in waste heat each year. The total project cost amounted to slightly more than $1.3 million
Global audit, tax and advisory firm KPMG, meanwhile, installed 14 microturbines at their Data Processing Center in Montvale in October 2008. These highly efficient microturbines use natural gas to generate electricity on-site while also capturing waste heat. This waste heat, in the form of hot water, is then piped to an absorption chiller to cool the facility's sensitive computer equipment. The new energy efficient microturbines are estimated to generate 6.3-kilowatt hours of electricity annually and recover 539,000 MMBTU in waste heat each year. The total project cost comes in at $2.4 million.
CHP projects are eligible for incentives up to $1 million as part of New Jersey Clean Energy's Pay for Performance program, which also provides incentives for large commercial, industrial and institutional customers looking to comprehensively upgrade their facilities through investments in energy efficiency.
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