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North Carolina State University Creates Electricity at Renovated Utility Plant

When North Carolina State University (NC State) faced the challenge of deferred maintenance on equipment in its central utility plants with no available capital funding, university leadership used a $61 million energy performance contract to finance the addition of modern CHP technology. The new CHP facility enables NC State to generate some of its own electricity, and the money the university saves in avoided utility-provided energy costs pays back the loan that financed the CHP technology and boiler replacements.