Energy Recycling Opportunities for Ohio
Energy Recycling Opportunities for Ohio: An Industrial Analysis
by: Recycled Energy Development (RED)
February 14, 2008
This report identifies 1,500 – 3,350 MW of potential Combined Heat and Power (CHP) projects in Ohio that are available at an average cost of approximately $1000/KW of capacity, compared to an estimated cost of $3,500/KW to build a new coal-fired power plant. This represents between five and ten percent of the total electric generation capacity of the state, and probably a larger share of the actual generation since much of Ohio’s generation capacity is under-utilized. These projects could be completed faster than a coal plant could be built. The company that prepared the report has extensive experience developing CHP projects.
The potential for CHP generation in Ohio indicated by this report includes only the largest and cheapest CHP projects. Moving down to the small end of the industrial scale, there is at least two to three times as much total cost-effective CHP potential. In other nations where energy prices are higher than they presently are in the U.S., CHP has even entered the residential market, with a wall-mounted device that generates electricity and heats a home. These devices are manufactured in Athens, Ohio.
Click here to read the report.