Micro Combined Heat & Power Market to Observe Strong Development by 2025
Combined heat and power (CHP) systems generate electricity along with capturing the usable heat produced during the process. Micro combined heat & power (MCHP) systems run on renewable and non-renewable fuels such as coal, natural gas, biomass, wood, waste heat, and oil. Heat produced during electricity generation is captured and used for heating applications, thus increasing the overall efficiency of the system by avoiding heat loss. Micro-cogeneration, also called micro combined heat and power or residential cogeneration, is an emerging technology with the potential to provide energy-efficient systems and environmental benefits by minimizing energy loss and greenhouse gas emission (GGE). Wide-scale adoption of MCHP can meet a number of energy and social policy aims such as reduction of greenhouse gas emission from energy supply, increase in decentralization of energy supply, improvement in energy security, and energy loss from electricity transmission and distribution networks,...
