Mayor Bloomberg Flips Switch On First Tri-Generation Power Plant in NYCMayor Bloomberg today turned on the City's first tri-generation power plant at Co-Op City in the Bronx, which is the result of a $65 million renovation. The plant will use less fuel, cut carbon emissions and pollutants by 40% and will result in between $15 million and $25 million in savings annually to co-op residents.
By the way, if you didn't know what a tri-generation power plant does...
Traditional power plants convert fuels such as oil or natural gas to electricity inefficiently because the conversion generates wasted heat. Co-generation plants divert that heat for other uses. In tri-generation fuel is used for three separate functions: it generates electricity, uses the waste heat or steam for heating and cooling, and diverts the excess steam to a turbine that generates even more electricity and heat energy, making it the most efficient type of power plant in use.