Britain’s last coal-fired power plants are due to come offline by 2025. Almost half of the UK’s nuclear capacity − 15 reactors generating 21% of the UK’s electricity – are on course to be retired the same year, when the first of some 19 GW of new generation plants are also due to become operational. Meanwhile, an increased proportion of the nation’s energy needs is set to be supplied from intermittent renewable sources. John Danahy, from our Real Estate Practice, and Rob Broom, from the Energy & Natural Resources Practice, look at the market opportunities for combined heat and power (CHP) plants in the chemicals industry.
A shorter version of this article first appeared in Chemistry & Industry magazine and this is republished with the kind permission of SCI.