Pellet production in Europe and North America started when the oil crisis happened in 1973 and 1979. Since then, wood pellets have become the futureproof heating alternative that is cost-effective, environmentally friendly and comfortable. Due to this, wood pellets are starting to gain ground and are seriously taken into consideration by large energy players.
Wood pellets feature many decisive advantages over other heating alternatives. Massive price variations and geopolitical risks characterize the supply of natural gas and oil. In contrast, the supply of wood from domestic forests is much more secure and can help in saving about half of the heating costs.
An important element for the cost-effectiveness of wood pellet heating is the efficient heating devices. Wood pellet central heating boilers, like wood pellet stoves, can transform more than 90% of the energy contained in the fuel into usable heat. It is this combination of low fuel costs and efficient utilization that makes.
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Anamaria Olaru, European Energy Innovation, Spring 2014