Low natural gas prices are causing massive central station power plants to switch to natural gas but also are opening doors for more power production where businesses and institutions operate. An especially interesting option for on-site energy are combined heat and power (CHP) projects that cut bills and emissions, as a result of the much more efficient use of fuel.
A big example of the growing CHP trend, another fruit of the shale gas revolution, is under construction by 400 workers in the Garden State.
Partnering with Energenics US, LLC, Montclair State University is in the process of becoming substantially energy self-sufficient by building a 5.4 megawatts (CHP) gas power system on its campus that will provide electricity, chilled water, and steam to the campus. It is a $90 million project that showcases how CHP is good environmental stewardship and helps tight budgets by cutting energy costs. http://www.northjersey.com/news/education/Montclair_State_building_new_energy_plant.html.