Cogeneration boosts Europe´s industrial productivity

Press release by COGEN EUROPE

The European Commission’s DG Enterprise launched its “new industrial revolution” in October 2012 to steer Europe’s economy back to a growth path. Brussels delegates will learn from Mr. Shonodeep Modak, CMO at GE Gas Engines, how “innovative distributed cogeneration technology can help reduce the energy costs for EU-based commercial and industrial businesses” in his key note address to COGEN Europe’s Annual Conference on 18th and 19th of April.

The Commission’s recent commitment to position Europe on a re-industrialisation path (based on investments and innovation, better market conditions, access to finance and capital, and human capital and skills) aims to increase industry´s share of EU GDP from 16% today to 20% in 2020. Cogeneration is part of the story of Europe’s re-industrialisation strategy as it offers manufacturers significant energy cost savings, improved reliability of both power and heat supply and more sustainable operations. Cogeneration is best available technology in the food, paper, refining and chemicals sector.

COGEN Europe’s Annual Conference this year focuses on industry, innovation and the European economy. CHP is increasingly recognised around the world as an enabler of industrial productivity. Mr. Shonodeep Modak is confident about the benefits CHP can bring to industry in Europe: “With system efficiencies of up to 90%, innovative distributed CHP technology can help reduce the energy costs for EU-based commercial and industrial businesses, resulting in improved profitability and competitiveness. We have personally witnessed the benefit to our customer in Europe and are excited to be able to contribute to the recovery.”

Many cogeneration equipment manufacturers have a strong base in Europe and their businesses are part of the industrial regeneration. Major players Siemens and Caterpillar will join GE and present their views on how governments can improve their support for industrial CHP projects at COGEN Europe Annual Conference. 

For more information please contact:
  
Dr Fiona Riddoch, Managing Director
Tel: +32 2 772 8290
Fax: + 32 2 772 5044
Email: fiona.riddoch@cogeneurope.eu
Stefan Craenen, Communications Manager
Tel: +32 2 772 8290
Fax: + 32 2 772 5044
Email: stefan.craenen@cogeneurope.eu