Combined Heat and Power Partnership
|Contact Name||Stephen W. Korstad|
|Title||President and CEO|
20 Red Fox Road|
St. Paul, MN 55127-6331
Coronal provides ownership and financing for CHP projects in the 1 to 50 MW range. Coronal uses leverage lease or tax-exempt lease financing to provide debt or equity money. The company can own the energy system and lease it to the energy user on a long-term basis. The company has teamed with Burns & McDonnell, a national engineering/architectural firm, to design-build, finance, own, operate, and maintain (DBFOOM) CHP on-site energy systems. Burns & McDonnell can design-build the CHP on-site energy system to meet both the thermal and electrical needs of the energy user. Coronal markets DBFOOM services throughout the United States, concentrating on large energy users. Fortune 1000 companies, hospitals, colleges and universities, and municipalities can benefit from CHP on-site energy systems to reduce energy costs, increase reliability and security, and at the same time protect the environment.