TIC Benefits
A substantial number of new power plants in the world would not need to be built if TIC is used to utilize the hidden capacity of existing combustion turbine plants. TIC provides economic and environmental benefits. These benefits are good for the combustion turbine plant owners, the ratepayers and the general public. These benefits include:
Economic
I. Capture “hidden” MW when most-needed and most-valuable
II. Enhance combustion turbine asset value via:
a. Low capital cost per MW capacity gain produced (Also lower total blended capacity cost)
b. Improved heat rate (Lower fuel cost per kWh)
c. Fast capital cost payback (High Return on Investment)
d. High Net Present Value
III. Lower ratepayer rates (Lower rates to electricity users)
Environmental
IV. Allow minimum use of inefficient and polluting power plants by allowing maximum use of efficient and cleaner combustion turbine plants
a. Conserves nation’s natural fuel resources
b. Reduces emissions of pollutants (SOx, NOx and Rocks)
c. Reduces emissions of global warming/climate change gas (CO2)
V. Minimize/eliminate siting of new power plants
Notes: 1. Emissions reduction results from the very high heat-rate peakers (consuming as much as 20,000 Btu/kWh operating on boilers and steam turbines) displaced by TIC. No significant emissions reduction occurs at the plant that uses TIC.