Energetix welcomes industry report on micro CHP
The report sets out how mCHP could revolutionise home heating and explains that electricity generated by mCHP, in tandem with the smart grid and energy storage innovations, could also help the grid to cope with capacity constraints and short-term spikes in demand.
The paper also makes suggestions for a reward system for those who use mCHP.
The paper reveals that heat-led mCHP tends to generate more power at peak times and so naturally mCHP reduces the need for fossil-fuelled peaking plants. This creates substantial financial benefits for the wider energy system, estimated to be worth 6.2p/kWh electricity generated, assuming widespread mCHP deployment.
Energetix chief executive Peter Richardson said: "The report shows how mCHP is an attractive route for future energy policy to both increase energy security whilst reducing overall carbon emissions.
"We are well positioned to take advantage of a substantial growth in interest in the mCHP market and to be a leading innovator in the commercial application of mCHP technology."
At 9:08am: [LON:EGX] share price was 0p at 31.5p
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