Renewable Energy

Renewable energy encompasses a variety of power generation sources including Solar, Geo Thermal, Wind and Fuel Cells. As electric costs continue to rise, companies are looking for opportunities to control these costs. They find it is hard to budget for the yearly increases that are market driven and unpredictable.

The State Dilemma:

• The demand for electric is projected to increase 1.5% a year thru 2020
• Increase demand will lead to possible brownouts in the next 8–10 years
• Electric price increases are trending over 10% a year
• The State of New Jersey is committed to increasing the amount of renewable energy source to 22.5% by 2020.

Recent steps have been implemented to help jump start the program and provide an incentive that finally provides an ROI that makes sense.

Below is an outline of the steps recently taken that makes this investment desirable.

• Federal Government provides 30% tax credit.
• PSEG will be paying SREC’s (Solar Renewable Energy Certificate) each time a solar electric system generates 1000kwh of electricity.
• Your electric bill will be decreased by the value of the electric you are generating.
• Full 7% State Sales Tax Exemption
• Federal Guidelines allow for 5 year accelerated Depreciation of basis.
• We can provide very competitive financing and your loan interest is deductible.
  Feasability Study

Hutchinson Business Solutions is an alternative energy developer. We approach these projects with a very practical viewpoint. We will perform a feasibility study, which will outline the objectives of the client and then provide a detailed overview of the opportunities that will allow the client to achieve these objectives.

Included in our feasibility study is a budgeted cost for the project along with multiple financial structures available to the client detailing the cash flow and ROI of the investment over the life of the investment.

Geothermal energy is the heat from the Earth. It’s clean and sustainable. Resources of geothermal energy range from the shallow ground to hot water and hot rock found a few miles beneath the Earth’s surface, and down even deeper to the extremely high temperatures of molten rock called magma.

Almost everywhere, the shallow ground or upper 10 feet of the Earth’s surface maintains a nearly constant temperature between 50° and 60°F (10° and 16°C). Geothermal heat pumps can tap into this resource to heat and cool buildings. A geothermal heat pump system consists of a heat pump, an air delivery system (ductwork), and a heat exchanger-a system of pipes buried in the shallow ground near the building. In the winter, the heat pump removes heat from the heat exchanger and pumps it into the indoor air delivery system. In the summer, the process is reversed, and the heat pump moves heat from the indoor air into the heat exchanger. The heat removed from the indoor air during the summer can also be used to provide a free source of hot water.

In the United States, most geothermal reservoirs of hot water are located in the western states, Alaska, and Hawaii. Wells can be drilled into underground reservoirs for the generation of electricity. Some geothermal power plants use the steam from a reservoir to power a turbine/generator, while others use the hot water to boil a working fluid that vaporizes and then turns a turbine. Hot water near the surface of Earth can be used directly for heat. Direct-use applications include heating buildings, growing plants in greenhouses, drying crops, heating water at fish farms, and several industrial processes such as pasteurizing milk.

Hot dry rock resources occur at depths of 3 to 5 miles everywhere beneath the Earth’s surface and at lesser depths in certain areas. Access to these resources involves injecting cold water down one well, circulating it through hot fractured rock, and drawing off the heated water from another well. Currently, there are no commercial applications of this technology. Existing technology also does not yet allow recovery of heat directly from magma, the very deep and most powerful resource of geothermal energy.

We have been harnessing the wind’s energy for hundreds of years. From old Holland to farms in the United States, windmills have been used for pumping water or grinding grain. Today, the windmill’s modern equivalent – a wind turbine – can use the wind’s energy to generate electricity.

Wind turbines, like windmills, are mounted on a tower to capture the most energy. At 100 feet (30 meters) or more aboveground, they can take advantage of the faster and less turbulent wind. Turbines catch the wind’s energy with their propeller-like blades. Usually, two or three blades are mounted on a shaft to form a rotor.

A blade acts much like an airplane wing. When the wind blows, a pocket of low-pressure air forms on the downwind side of the blade. The low-pressure air pocket then pulls the blade toward it, causing the rotor to turn. This is called lift. The force of the lift is actually much stronger than the wind’s force against the front side of the blade, which is called drag. The combination of lift and drag causes the rotor to spin like a propeller, and the turning shaft spins a generator to make electricity.

Wind turbines can be used as stand-alone applications, or they can be connected to a utility power grid or even combined with a photovoltaic (solar cell) system. For utility-scale sources of wind energy, a large number of wind turbines are usually built close together to form awind plant. Several electricity providers today use wind plants to supply power to their customers.

Stand-alone wind turbines are typically used for water pumping or communications. However, homeowners, farmers, and ranchers in windy areas can also use wind turbines as a way to cut their electric bills.

Small wind systems also have potential as distributed energy resources. Distributed energy resources refer to a variety of small, modular power-generating technologies that can be combined to improve the operation of the electricity delivery system.

Fuel cells are very useful as power sources in remote locations, such as spacecraft, remote weather stations, large parks, rural locations, and in certain military applications. A fuel cell system running on hydrogen can be compact and lightweight, and have no major moving parts. Because fuel cells have no moving parts and do not involve combustion, in ideal conditions they can achieve up to 99.9999% reliability. This equates to around one minute of down time in a two year period.

Micro combined heat and power systems such as home fuel cells and cogeneration for office buildings and factories are in mass production phase. The stationary fuel cell application generates constant electric power (selling excess power back to the grid when it is not consumed), and at the same time produces hot air and water from the waste heat. A lower fuel-to-electricity conversion efficiency is tolerated (typically 15-20%), because most of the energy not converted into electricity is utilized as heat. Some heat is lost with the exhaust gas just as in a normal furnace, so the combined heat and power efficiency is still lower than 100%, typically around 80%. In terms of exergy however, the process is inefficient, and one could do better by maximizing the electricity generated and then using the electricity to drive a heat pump. Phosphoric-acid fuel cells (PAFC) comprise the largest segment of existing CHP products worldwide and can provide combined efficiencies close to 90%[23] (35-50% electric + remainder as thermal) Molten-carbonate fuel cells have also been installed in these applications, and solid-oxide fuel cell prototypes exist.

Since electrolyzer systems do not store fuel in themselves, but rather rely on external storage units, they can be successfully applied in large-scale energy storage, rural areas being one example. In this application, batteries would have to be largely oversized to meet the storage demand, but fuel cells only need a larger storage unit (typically cheaper than an electrochemical device).