Governor's Clean Technology Sector Lead, Office of Economic Development and Competitiveness
Washington State Department of Commerce
Clark Energy & Structured Finance will guide the audience through the successful development, financing, design, construction and operations of our Combined Heat and Power System currently in operations at the Upper Chesapeake Medical Center in Bel Air, Maryland. This project is unique, as it was delivered via an Energy Services Agreement at no up-front costs for the hospital. Rather, the project was financed by Clark, with the cost paid over time through energy sales. Utilizing a third-party financing approach does require that specific accounting and tax considerations must be considered in order for project success which will be described in the presentation. The project also was able to take advantage of a sizable ($1.1M) incentive program provided by the State of Maryland. This tri-generation system (Electricity, Hot Water/Steam, and Chilled Water) required sophisticated engineering and modeling to achieve target efficiency. In our nearly 2 years of operations, we have learned many lessons in operating the plant efficiently, as well as considerations for future design, construction and commissioning efforts. Technical subjects to be discussed will be project sizing, minimum utility imports, controls integration and reactive power. Given the hospital would be entering into a long-term contract with financial and technical implications for the operations of the hospital, this project required the careful consultation between both the CFO’s office, as well as Facilities Management. In this presentation we will outline the priorities of each group and how we were able to successfully arrive at a solution that met the objectives of each group.
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