Is your building right for a Cogeneration (CHP) plant? That’s the question that noted Cogeneration expert and Green Crown Energy stalwart Paul Errigo will be posing at the New York Association of Realty Managers (NYARM) Expo on Oct. 29, 2014, at the Hotel Pennsylvania in New York City.
“There has never been a more opportune time for New York and New Jersey building owners and managers to consider on-site Cogeneration for their buildings,” said Errigo, who regularly speaks before industry groups about the many benefits of CHP in today’s unpredictable energy market. “The NYARM has always been committed to updating its members on the very latest industry developments, and certainly few subjects are more timely today than CHP.”
Errigo, who is representing GREENCROWN Energy, believes that CHP is a hot topic among building owners for a number of reasons. “Cogeneration technology has rapidly progressed to the point where it’s now an extremely viable alternative to reliance on the U.S. Power Grid or on often-undependable diesel-powered generators for backup emergency power,” he said. “Not only does today’s CHP power require very little space, it can be counted on in times of natural disasters, such as Hurricane Sandy, or any sudden degradation of the grid for any reason.”
Once NYARM members are presented with the complete story of how Cogen can function as a cleaner, greener and more cost-effective way to provide electricity, heat and cooling, many professionals want a detailed analysis of how a CHP Plant could work in their building, Errigo contends.
“There are so many financial and environmental advantages with CHP that it’s starting to become a ‘no brainer’ for many buildings such as hospitals, high-rise residential complexes, nursing homes, manufacturing facilities and schools throughout the eastern U.S.,” Errigo said. “On average, CHP can reduce energy costs by 40 to 60 percent. Plus, Green Crown Energy can typically show clients how they can leverage government incentives and special programs to save even more money on energy outlay.”
Some building owners erroneously believe that they have to own a Cogen Power Plant outright, Errigo noted. “We love telling clients that they don’t necessarily have to own a CHP plant lock, stock and barrel any longer,” he said. “For many clients, it definitely makes more sense to take advantage of one of our Power Purchase Agreements, which enable building owners to enjoy all of the benefits of Cogeneration with absolutely no capital outlay or ongoing operating costs.” The client pays only for the energy used, which can boost cash flow while assisting in budgeting and forecasting.
Errigo says he’s looking forward to telling those attending the NYARM Expo about how CHP turns otherwise wasted heat into usable energy. “This means they can finally dump those outdated boilers,” he said. “Plus, it’s a great way for a business to promote the fact that it’s reducing its carbon footprint by going with a green form of energy production.”
For those professionals not attending the NYARM Expo, GREENCROWN Energy LLC is always available to share its expertise on the topic, Errigo noted. “Just go to Greencrownenergy.com, shoot us an email or give us a call, and our experts will be happy to review your long-term energy needs to see whether Cogen is right for you,” he offered.
If you’re interested in learning more about the role CHP can play at your building, along with the multiple forms of electric and gas procurement programs available, contact an energy adviser at http://www.GreenCrownEnergy.com or call 877-308-2727.
About GREENCROWN Energy
GREENCROWN Energy is a full service energy advisory firm specializing in turnkey energy conservation measures, cogeneration systems and energy procurement contracts. GCE provides all development services under one roof, including identifying and obtaining government incentives, project management, design, build and financing. GCE also provides Power Purchase Agreements for buildings that want an on-site utility with no financial capital investment required, an option that is often attractive to not-for-profit entities, including homeowners associations.