Congress Reinstates 10% Investment Tax Credit (ITC) for CHP Turbines Combined Heat and Power (CHP) technology allows electricity to be generated from steam used in industrial processes that may otherwise go underutilized. CHP processes utilize this steam to drive a turbine that generates electricity. The technology is becoming increasingly popular energy solution due to its cost effectiveness, efficiency, and environmental advantages. A number of ethanol plants have been adopting this technology. This may be because CHP often: reduces their energy costs improves their environmental footprint and enhances the reliability of their operations. Previously, there was a federal Investment Tax Credit (ITC) to facilitate the Read More...