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Finesta Cogeneration / Trigeneration
Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time.
The cogeneration industry says that it can help mitigate climate change.
With our regional presence, we offer project development services, as well as products and solutions for the energy transition.
A bigger and bigger part of the company’s activities are mainly renewable energy projects (Solar, Hydroelectric, Wind, hydrogen and Cogeneration).
We maintain the excellence of our people, encouraging them to improve and adopt a creative and innovative approach.
Masnedø CHP power station in Denmark. This station burns straw as fuel. The adjacent greenhouses are heated by district heating from the plant
Distributed generation
Most industrial countries generate the majority of their electrical power needs in large centralized facilities with capacity for large electrical power output. These plants benefit from economy of scale, but may need to transmit electricity across long distances causing transmission losses. Cogeneration or trigeneration production is subject to limitations in the local demand and thus may sometimes need to reduce (e.g., heat or cooling production to match the demand). An example of cogeneration with trigeneration applications in a major city is the New York City steam system.
Cogeneration costs
Typically, for a gas-fired plant the fully installed cost per kW electrical is around €400/kW (US$577), which is comparable with large central power stations.
Cogeneration / Trigeneration
in Europe
The EU has actively incorporated cogeneration into its energy policy via the CHP Directive. In September 2008 at a hearing of the European Parliament’s Urban Lodgment Intergroup, Energy Commissioner Andris Piebalgs is quoted as saying, “security of supply really starts with energy efficiency.” Energy efficiency and cogeneration are recognized in the opening paragraphs of the European Union’s Cogeneration Directive 2004/08/EC. This directive intends to support cogeneration and establish a method for calculating cogeneration abilities per country. The development of cogeneration has been very uneven over the years and has been dominated throughout the last decades by national circumstances.
The European Union generates 11% of its electricity using cogeneration. However, there is large difference between Member States with variations of the energy savings between 2% and 60%.
Europe has the three countries with the world’s most intensive cogeneration economies: Denmark, the Netherlands and Finland. Of the 28.46 TWh of electrical power generated by conventional thermal power plants in Finland in 2012, 81.80% was cogeneration.
Other European countries are also making great efforts to increase efficiency.
Germany reported that at present, over 50% of the country’s total electricity demand could be provided through cogeneration.
So far, Germany has set the target to double its electricity cogeneration from 12.5% of the country’s electricity to 25% of the country’s electricity by 2020 and has passed supporting legislation accordingly.
The UK is also actively supporting combined heat and power. In light of UK’s goal to achieve a 60% reduction in carbon dioxide emissions by 2050, the government has set the target to source at least 15% of its government electricity use from CHP by 2010. Other UK measures to encourage CHP growth are financial incentives, grant support, a greater regulatory framework, and government leadership and partnership.
According to the IEA 2008 modeling of cogeneration expansion for the G8 countries, the expansion of cogeneration in France, Germany, Italy and the UK alone would effectively double the existing primary fuel savings by 2030.
This would increase Europe’s savings from today’s 155.69 Twh to 465 Twh in 2030. It would also result in a 16% to 29% increase in each country’s total cogenerated electricity by 2030.
Finesta always on movement
As a reference in the energy market we are also providing council to public makers what let us in advance for preview the next laws coming to regulate and subvention needed for this new sector.
In few countries we are on discussion for projects according to hydrogen markets from producing with our technologies to selling this new energy.
Authority are also systematically asking us for build operate and manage their new projects in renewable energy.
As the most efficiency solution with nuclear power the gas is for the moment indispensable.
Since few days European green bonds will integrate some gas projects…
Finesta Hydrogen
Analysing power systems show that hydrogen-generated electricity is a cost-competitive candidate for backing up wind and solar.
Hydrogen-fired power generation is a cost-effective alternative to
li-ion batteries for power grid peaking operations.
Finesta is already managing 20 hydrogen projects.
Finesta is also making strategic collaboration agreement with leading global tech and energy firms and public actors.
We are acquiring parts of capital of companies that are growing in the hydrogen markets.
Those agreements will facilitate Finesta’s penetration into the high-growth and lucrative hydrogen energy markets.
We are also now going to accelerate on new technologies disruptive of hydrogen production.
Our business model is based on our own experience and knowledge and the different academic partnership we already have since decades.
We are also on discussion to acquire licences of the last technologies for producing and using hydrogen
We are going to be in the capital and board of those companies in a second step.
The mix between our place of energy producer and those partners is creating an eco-friendly and profitable business. That will make us into a position of a global actor of the new markets of hydrogen from the product beginning to the last user.
Strategy OF FINESTA cogeneration
we manage for the moment gas cogeneration, which is why we are taking so much gas from GAZPROM.
This will produce electricity and heat at very reasonable prices, and we can compete on the European market.
By 2025, we plan to use our own hydrogen production to our cogeneration units to be at zero carbon emission.
We already have engines capable of processing both hydrogen and gas. Now we have 10% hydrogen and we’re increasing it. The target is 100% hydrogen and 0% gas.
Global Renewables Investment Return 7 Times Higher Than Fossil Fuels
Renewable power investment continues to outperform fossil fuel investment across the globe, according to the latest research.
Renewable power has a superior risk/return profile over fossil fuels both in periods of volatility and under normal conditions. The report, Clean Energy Investing: Global Comparison of Investment Returns said that listed renewable power portfolios have outperformed listed fossil fuel portfolios in all markets and that the cost of capital remains lower for renewable energy companies than fossil fuel companies.
Energy return on investment
Energy return on investment (EROI), also sometimes called energy returned on energy invested (ERoEI), is the ratio of the amount of usable energy (the exergy) delivered from a particular energy resource to the amount of exergy used to obtain that energy resource. Arithmetically the EROI can be defined as:
When the EROI of a source of energy is less than or equal to one, that energy source becomes a net „energy sink“, and can no longer be used as a source of energy. A related measure Energy Stored On Energy Invested (ESOEI) is used to analyse storage systems.
To be considered viable as a prominent fuel or energy source a fuel or energy must have an EROI ratio of at least 3:1
AS YOU CAN SEE THE EROI will be always competitive with cogeneration because it is less of transportation so the factor for deliver will be systematically minimized
COGENERATION IS ONE OF THE CENTRAL BUSINESS OF FINESTA TO PRODUCE HEAT, ELECTRICITY AND HYDROGEN
Registered Address
FINESTA GROUP SE
Hvězdova 1716/2b, Nusle
140 00 Prague
Czech Republic
IČ: 07967730
Společnost je zapsána u Městského soudu v Praze, H 2232
Prague
Hvězdova 1716/2b, Nusle
140 00 Prague
Czech Republic
Brno
Milady Horákové 1957/13
602 00 Brno
Czech Republic
