The Project will reply on proven low temperature heating and cooling technology that has been implemented throughout Europe. The United States relies primarily on steam heating which is costly to operate and maintain as well as being a safety hazard. This technology provides for low line losses resulting in much longer and more efficient piping networks.
In May 2013, NuPower funded a feasibility study that showed that the Project was both economic and environmentally feasible while having low regulatory barriers. The Project concept is to capture low grade waste heat through a heat exchanger located at a thermal source such as a power plant and by using water, distribute the heat to multiple commercial and residential customers in Bridgeport. The major pieces of equipment include
Heat exchangers at the thermal sources and the thermal customer sites
Backup boiler installation to cover peaking and standby needs
The waste heat at the thermal source is currently being exhausted into the atmosphere and its redirection will represents a new form of revenue. The Project structure includes long term agreements with the thermal sources and customers that will provide for reliable long term cash flows for a basic service – providing space heating and domestic hot water.