How Do Extreme Weather Events Impact Investment in Combined Heat and Power?
18 Pages Posted: 21 Dec 2018
Date Written: May 21, 2018
Since 1980, the United States has experienced 219 separate billion dollar plus natural disaster events. The total cost of these 219 events is estimated to be $1.8 trillion dollars. This takes into account 2017, which is on record as being the most costly year for natural disasters, with a cumulative cost of over $300 billion dollars. The number and intensity of these events are causing growing concern across the globe, as well.
For this study, we are curious as to whether the growing number and intensity of events has led to greater investment in more resilient power systems. A resilient power system is one that is built to lessen the likelihood of a power outage, as well as manage and deal with power outage events to decrease impacts, regrouping quickly when the power comes back on and learning from the outage event to reduce likelihood of future outages .
Keywords: resilience, climate, climate change, energy, cogeneration, combined heat and power
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