Combined Heat and Power (CHP) is a system that generates electricity which can be used to run heat pumps and generate more cost efficient hot water

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Benefits

Generates hot water & power
Export opportunities for power generated
Can be over 85% efficient
Suitable for large commercial applications where both heat and power are requirement
Renewable technology, eligible for Government payment scheme Renewable Heat Incentive (RHI)
Addition of a heat pump allows increased flexible output at local property level

Drawbacks

Heating and electricity demand must remain fairly consistent
Heating demand must be continuous to ensure both heat and power generation
High capital cost
Large plant space required

Have you considered?

Using the electricity produced by the CHP plant to run the heat pump, will increase the efficiency of the building and help reduce CO2