Lochinvar launching a cogeneration product in North America
The system, launching in 2019, is designed to provide a payback within the first two-and-a-half to five years.
Lochinvar, the high-efficiency boiler and water heater manufacturer, and EC POWER, the top European producer of residential and commercial combined heat and power plants, have announced a strategic partnership to launch a cogeneration product in North America.
Using up to 96% of the fuel, a commercial facility with a cogeneration system can produce both energy-efficient heat for domestic hot water and electricity to reduce energy consumption from external power sources. The system is designed to provide a payback within the first two and a half to five years.
The product is slated for an official launch in January 2019.
“Cogeneration is a game changer for the North American market as large commercial facilities, such as hospitals, universities and multi-family complexes, have an increasing appetite for products that provide reliable hot water delivery and reduced energy costs,” said Mike Lahti, vice president of sales, marketing and business development in a company release.
The partnership is designed to meet the growing need for enhanced efficiency and reduced energy waste in North America. Cogeneration products decrease a facility’s environmental impact and electricity expenses by harnessing unused heat for domestic hot water and creating additional power.
“Cogeneration is a huge step in sustainability and energy efficiency. The concept has proven to be incredibly successful in the European market and it continues to grow in popularity,” said Christian Neve, chief sales officer for EC POWER, in the release.
Cogeneration is already making a splash in countries like Finland and Denmark where 40 to 50% of electric generation capacity comes from cogeneration. The main advantage of cogeneration products is optimal efficiency as most plants have a conversion efficiency of 75 to 90%. Cogen facilities also prevent the 5-10% energy loss that occurs when electricity is transmitted from a traditional remote power station.