Dr. Gavin Dillingham | Extreme Weather Events & Investment in Combined Heat and Power White Paper
Since 1980 the United States has experienced 219 separate billion-dollar plus natural disaster events. The number and intensity of these events are causing growing concern across the globe as well. The risks faced by the public and private sector related to climate include direct physical impacts on investments, degradation of critical infrastructure, reduced availability of key inputs and resources, supply chain disruptions and changes in workforce availability and productivity.
Combined Heat and Power (CHP) is a type of distributed power generation that is located at or near the point of energy consumption, providing power and thermal energy from a single source. CHP produces power on-site, typically using natural gas which is highly reliable. As such, CHP is a technology that continues to provide power to a site in the event of a power grid outage.
It has been anticipated that an increasing number and intensity of power outages could drive installation of CHP to some degree. As public and private enterprise seek to become more resilient against the effects of natural disasters and climate change, CHP can provide this capacity. This study explores whether the number and intensity of power outages related to storm events has led to greater investment in more resilient power systems, such as CHP.
Download White Paper here.