With electricity rates forecasted to climb and increasingly stringent greenhouse gas regulations, businesses that are heavy users of hot water and steam need a low-cost and reliable solution to control energy costs while conforming to air-quality laws.
Santa Clara, CA (PRWEB) September 27, 2011
Leva Energy Inc., the cleantech company that leverages hot water and steam boilers to produce clean and cost-effective electric power, announced that the Leva Energy Power Burner 100 qualifies for a $500/kW rebate under the California Public Utilities Commission’s (CPUC) recently expanded Self-Generation Incentive Program (SGIP). The program’s changes strive to achieve 33 percent renewable-energy sources by 2020, and to reduce greenhouse gas emissions to 1990 levels by 2020. The SGIP provides rebates for qualifying distributed energy systems installed on the customer’s side of the utility meter. Under the program, qualifying businesses can receive a rebate of up to $50,000 to offset the cost of a Leva Energy Power Burner 100.
The SGIP is designed to accelerate the adoption of clean and ultra-efficient distributed-generation (DG) technologies for businesses and significantly reduce the cost of purchasing and installing qualified equipment. With increasing emphasis placed by the CPUC on reducing greenhouse gases such as carbon dioxide (CO2), nitrous oxide (NOx) and carbon monoxide (CO), the Leva Energy Power Burner 100 has emerged as a front-runner among combined heat and power (CHP) solutions. The Power Burner reduces CO2 emissions by 63-83 percent for the 100kWe it generates, making it one of the cleanest and most cost-effective solutions for the DG market in California.
“With electricity rates forecasted to climb and increasingly stringent greenhouse gas regulations, businesses that are heavy users of hot water and steam need a low-cost and reliable solution to control energy costs while conforming to air-quality laws,” said Franco Castaldini, president and co-founder of Leva Energy. “The decision by the CPUC to expand the Self-Generation Incentive Program is good news for these businesses, which can turn to Leva Energy to help them meet NOx compliance regulations while providing a quick payback on their investment.”
The revised SGIP also gives Leva Energy an opportunity to qualify for a $2,000/kW rebate as part of the program’s Advanced and Emerging Technologies category. Leva Energy intends to seek a letter of support from the SGIP Working Group for eligibility, which would provide additional incentives for businesses seeking to retrofit their hot water and steam boilers with the Leva Energy Power Burner.
How does Leva Energy CHP work?
The Leva Energy Power Burner is the only CHP technology that delivers 90% fuel-electricity efficiency and consistently yields a two-year payback. The Leva Energy Power Burner attaches to the boilers typically found in hospitals, hotels, universities, food processors and manufacturers. The Power Burner replaces aging, inefficient burners with a technologically advanced power-generating burner that provides clean thermal energy while simultaneously generating electrical power at a fraction of today’s commercial and industrial rates.
About Leva Energy Inc.
Leva Energy is a cleantech company located in Silicon Valley that is commercializing high-efficiency, power-generating burners with a fuel-to-electricity efficiency of 90 percent. Unlike solar, fuel cells and previous attempts at gas-fired distributed generation (DG), Leva Energy’s innovative technology delivers combined heat and power (CHP) with fast payback and high reliability. The Leva Energy Power Burner uniquely addresses the large and growing market to make industrial boilers NOx-compliant while providing a quick ROI where none existed before. Leva Energy was a semifinalist in the 2010 Cleantech Open business competition. For more information, see http://www.levaenergy.com and follow @levaenergy on Twitter.
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