Scherrer Resources, Inc., Exton, Pa
CHP-Funder is new website designed to match up developers of combined heat and power projects with financing to bring these energy advancements to fruition.
I’m thrilled to announce CHP-Funder (www.CHP-Funder.com), a web site we’ve helped develop to match those seeking funding for qualified combined heat and power projects with funders and investors who appreciate the economic benefits of this cogeneration technology and are willing to put money into those projects.
With the reduced price of natural gas has come a resurgence of interest in the cogeneration technology of generating electricity and using its by-product heat for process or space heating. Now known as combined heat and power (with the acronym of CHP) the cogeneration industry has developed ever smaller and more efficient gas turbines.
CHP-Funder is a web services technology that matches lenders and borrowers for qualified CHP energy projects. If you are seeking to attract capital to your CHP project, part of CHP-Funder‘s mission is to help you gain a better understanding of capital sources, and provide counsel on how to position your company and your CHP project to secure needed capital.
The CHP developer is the party that is seeking financing to develop the CHP system. The CHP developer could be the final CHP customer and end-user or a third-party developer that is installing the CHP system for an end-user. Where the CHP developer will also own the system, CHP-Funder can help identify sources of debt financing (e.g., loans, bonds, equity financing) to be combined with internal financing. Where there will be third party ownership, CHP-Funder can help identify capital and operating lease financing or contract financing using power purchase agreements or special purpose entities.
CHP projects improve business competitiveness by increasing energy efficiency and managing costs. They also help businesses weather energy price volatility and supply disruptions. Combined heat and power deployments improve electric grid resilience and mitigates the impacts of extreme weather events by continuing to provide electricity and thermal service in the absence of grid electricity.
Further, CHP advances our climate change and environmental goals by reducing emissions of CO2 and other pollutants. Benefits from CHP more broadly include diversifying energy supply by enabling further integration of domestically produced and renewable fuels as well as to improve energy efficiency by capturing heat that is normally wasted.
If you are either a funder of CHP projects or someone building a CHP project, apply for match-making at www.CHP-Funder.com using the easy-to-use “Form Fill” page.