Cogeneration trends in Europe history -- State of the art - Outlook
Cogeneration, the utilization of heat created while producing electricity from fossil fuels, is by no means a new technology. In 1926, 71 years ago, a brochure from MAN in Germany showed a heat recovery system for diesel engines. Despite the fact that cogeneration has existed for a long time, it took half a century and the first so called ``oil crisis'' in the 1970's for societies to become aware of limited energy resources. Environmental groups gave cogeneration an additional boost in the 1980's. Additionally, governments in the Western European Nations attracted cogeneration investors by not only providing subsidies and tax breaks but also regulating electricity prices. Although there has been much growth in the cogeneration market in the past years, the industry has still not reached its peak in Europe. A variety of studies have shown that there is still significant growth potential in the future: WWF (World Wildlife Fund) published a study in 1996 suggesting a target of 330 Twh of generation will be produced through cogeneration by the year 2005, a tripling of current generation. Due to the EU's belief that cogeneration is an optimal form of generation, it has developed a cogeneration strategy. As part of this strategy, the EC is promoting cogeneration so that it accounts for 20% of all European generation by the year 2010. These factors would give a variety of companies such as equipment suppliers, investment companies, utilities, consultants and energy brokers a wide range of opportunities in Europe. Detailed information and some hints will be given as to how to participate in this fast growing industry. Ways to overcome obstacles in those markets will be shown as well as the pros and cons of different entry strategies.
- OSTI ID:
- 20050570
- Report Number(s):
- CONF-971214--
- Country of Publication:
- United States
- Language:
- English
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