Dynamic Energy Announces $50 Million in Funding for Combined Heat and Power (CHP) Projects
Dynamic Energy has secured investment funding of $50 million from several institutional investors to finance combined heat and power (CHP) projects at commercial and institutional sites. Dynamic provides feasibility assessments at no cost.
Dynamic is actively seeking projects to be completed in 2014 and 2015 to fill funding allocations, and new projects are being evaluated based on the following characteristics:
Size: 1 megawatt and larger
Geography: Northeast and Mid-Atlantic States, with particular focus on New Jersey, New York, Maryland, Massachusetts and Connecticut
Project Timing: Expected 2014 and 2015 completion dates
CHP, also known as cogeneration, is an efficient, clean, reliable technology that generates both electricity and thermal energy from a single fuel source, typically natural gas or biogas. CHP systems also enhance environmental sustainability through lower carbon emissions.
“Project funding is a key consideration for our clients – for corporations as well as colleges, universities and other not-for profit entities,” said Tony Parisi, Dynamic Energy’s Chief Financial Officer. “Dynamic’s ability to provide savings with no up-front cost enables enterprises to benefit from CHP through a variety of ownership models.”