𝑬𝒙𝒕𝒆𝒏𝒔𝒊𝒐𝒏 𝒐𝒇 𝒕𝒂𝒙 𝒄𝒓𝒆𝒅𝒊𝒕𝒔 𝒇𝒐𝒓 𝑪𝑯𝑷: 𝒂 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒄 𝒄𝒉𝒐𝒊𝒄𝒆 𝒕𝒐 𝒓𝒆𝒅𝒖𝒄𝒆 𝒆𝒎𝒊𝒔𝒔𝒊𝒐𝒏𝒔 𝒊𝒏 𝒕𝒉𝒆 𝑼𝑺 Thomas Smith, President of the Combined Heat and Power Alliance explains how the association, together with other players, is trying to demonstrate the immediate and concrete benefits offered by #cogeneration in terms of reducing emissions, given the fact that tax credits for non-zero-emission cogeneration systems will end by the end of 2024. In fact, thanks to the simultaneous and efficient production of electricity and heat, 𝐜𝐨𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐝𝐮𝐜𝐞𝐬 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐛𝐲 𝐚𝐛𝐨𝐮𝐭 𝟓𝟎% 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐬𝐞𝐩𝐚𝐫𝐚𝐭𝐞 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐭𝐰𝐨 𝐞𝐧𝐞𝐫𝐠𝐲 𝐜𝐚𝐫𝐫𝐢𝐞𝐫𝐬. This result is achieved constantly, 24 hours a day, without depending on external variables such as the sun or the wind. For these reasons, and in view of other significant benefits, cogeneration tax credits should be extended. https://bit.ly/3ZEtqbX
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Senior Director Energy Development at Caterpillar Inc.
1moThe IRA incentives have helped the CHP industry drive more efficient, reliable and sustainable energy projects. Extending the incentives are extremely important in helping to met the country’s growing energy needs!! Please everyone let’s get the word out!!