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Waste Heat to Power Included in Bipartisan Power Efficiency and Resiliency (POWER) Act

Jun 23, 2014

Oak Brook, IL – June 23, 2014 – The Heat is Power Association is pleased to offer its full support for the Power Efficiency and Resiliency (POWER) Act, introduced in the House June 19.  Among the important provisions is the addition of waste heat to power (WHP) as a newly eligible, qualifying energy resource to the investment tax credit (ITC) in Section 48 of the US Tax Code.  The bipartisan bill is designed to significantly increase the amount of industrial energy efficiency in the United States by adding WHP to the list of qualifying technologies, and by improving the existing ITC for combined heat and power (CHP).   By changing federal law to remove barriers to the deployment of these technologies, the POWER Act will make it possible for more businesses and communities across America to reduce energy consumption, save money, create jobs, and protect against blackouts.

Each year, U.S. utilities and factories send enough energy in the form of heat up their chimneys to power all of Japan.  The heat released from industrial operations alone could be used to generate 10 GW of electricity, the amount needed to power 10 million American homes.  Waste heat to power technologies capture that industrial waste heat and use it to generate electricity without the addition of any fuel and without the release of any emissions.  Utilizing otherwise wasted industrial heat significantly reduces costs, making U.S. industries more competitive, enhancing energy security, and creating skilled jobs.

The POWER Act would provide major energy users with a powerful tool to reduce their energy consumption and electric bills.  The Heat is Power Association supports the POWER Act and thanks its original sponsors, Representatives Allyson Schwartz (PA-13), Chris Gibson (NY-19), Joseph Crowley (NY-14), Peter King (NY-2), and Richard Neal (MA-01) for their support of American manufacturing competitiveness through industrial energy efficiency.

John Prunkl, Chair of the Heat is Power Association and CEO of Primary Energy Recycling Corporation, stated: “The waste heat to power industry strongly supports the efforts of Representatives Schwartz and Gibson and their co-sponsors of the POWER Act to improve industrial energy efficiency in the United States by encouraging the use of waste heat to power.  The ability of waste heat to power projects to qualify for the Investment Tax Credit will make those projects easier to finance, will be attractive to a broader range of energy investors, and will produce emission-free power from an otherwise wasted resource.  We applaud their efforts to provide parity for energy generation resources like ours that improve the competitiveness of our nation’s industrial sector and generate power with no combustion and no emissions.”

About Waste Heat to Power (WHP)

Waste heat to power (WHP) installations capture the heat generated as a by-product from industrial processes and convert that heat into electricity through a process that does not involve burning any additional fuels or emitting any additional pollution or greenhouse gases. The process to convert industrial waste heat to electricity is almost identical to the process used to convert geothermal energy to electricity; both processes use the same technologies and produce the same emission-free electricity as other renewable resources.

Waste heat to power encompasses a suite of technologies and applications that can improve industrial energy efficiency and reduce emissions anywhere heat is vented or wasted.  Cement, paper, steel and oil and gas are good examples of energy intensive industries where waste heat to power applications have been successful.

 

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The Heat is Power Association is the trade association of the Waste Heat to Power (WHP) industry.  The not-for-profit organization is committed to educating decision makers and the public about the characteristics of waste heat to power as a source for emission-free electricity and an economic driver for global competitiveness. The Heat is Power Association promotes the efficient, industrial use of emission-free electricity generated through WHP processes.  Our members include technology developers and manufacturers, project developers, component suppliers, industrial end users, academics, and energy and environmental advocates throughout the United States.  To learn more visit www.heatispower.org.