Higher-efficiency Systems to Drive CHP Market for Commercial Buildings
CHP systems typically achieve an efficiency of around 80 percent
LONDON — The global combined heat and power (CHP) market for commercial buildings is forecast to grow at a compound annual growth rate (CAGR) of nearly 8 percent from 2015 to 2019, according to a new report from Technavio.
CHP technology is a clean approach to generating both power and thermal energy from a single fuel source. The average efficiency of conventional fossil fuel power plants is around 40 percent, while CHP systems typically achieve an efficiency of around 80 percent.