... At Simonds, three generators producing 600,000 kilowatts each were constructed on 30,000 square feet inside the plant.
The natural gas-based cogeneration system will produce enough electricity to operate the plant, and produce heat as a bi-product from the conversion of natural gas to electricity. The company decommissioned the huge furnace that used to heat the building.
Simonds President Ray J. Martino said the company's $2.2 million heat and electric bill will be cut annually by 40 percent.
Unitil will supply the natural gas to fuel the plant. The utility helped the company through the state permitting and contractual processes.
The company will also receive energy credits from the state that it can sell on the open market and local, state and federal tax incentives, including a 10 percent investment tax credit under the American Recovery and Reinvestment Act, that will help reduce the cost of the project and help with job retention and expansion.
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