EMMA FOEHRINGER MERCHANT, Greentech Media
Summary
In a 2012 executive order, President Barack Obama called for the U.S. to add 40 gigawatts of new combined heat and power (CHP) capacity by 2020. The White House said the goal would spur new capital investment of between $40 billion and $80 billion and eliminate the equivalent of emissions from 25 million cars.
But between 2012 and 2016, the U.S. added just 790 projects: a measly 2.5 gigawatts.
Now, Trump’s recently signed budget and tax reform bills may give the market a new chance at growth.
Though the laws were a mixed bag for clean energy technologies, several policy mechanisms could help push some CHP projects across the financial finish line.
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