Distributed Generation & Alternative Energy Journal, p. 60-71, 2006
DOI: 10.13052/dgaej2156-3306.2112
Taylor & Francis, Cogeneration and Distributed Generation Journal, 1(21), p. 60-71
DOI: 10.1080/15453660609509083
Full text: Download
According to many industry experts, we have already reached thetop of our gas bubble—the rate of discovery of future gas reserves isincreasing at a pace slower than the rate of increase in demand. Theseexperts paint an unfavorable scenario for the day that the supply anddemand curves intersect. Some pundits believe this intersection couldbe as soon as 2025.We can have optimism for the long-term prospects of energy be-cause numerous initiatives are under way to replace our dependenceon finite supplies of fossil fuels. A multitude of government and privateprograms promise to increase the feasibility of renewable energy sourcessuch as hydrogen, solar, wind and biogas. Perhaps the energy “wreck”that some experts are forecasting will be forestalled forever by the in-troduction of renewable energy into the daily routines of our personaland business lives.An added risk for delivery of reliable power is the electricity trans-mission infrastructure. While investments in electric generation assetscontinue to increase, especially since 2000, investments and upgradesto transmission systems continue to decrease year after year.In the meanwhile, until that 20 to 30 year “wreck” is forecast tooccur, we have opportunity to take action that will sustain us while westill have reliable supply of fossil fuels. According to the US Departmentof Energy (DOE), combined cooling, heating and power (CHP) is an es-sential element in the distributed generation portfolio often making the economic and environmental difference between success and failure of aproject. CHP has been called the bridge to a sustainable energy future.