• Title/Summary/Keyword: Cost of energy

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Design and Performance Test for a Fuel Cell Ejector to Reduce its Development Cost (개발 비용 감소를 위한 연료전지용 이젝터의 설계 및 성능평가)

  • Kim, Min-Jin;Kim, Dong-Ha;Yu, Sang-Phil;Lee, Won-Yong;Kim, Chang-Soo
    • Journal of Hydrogen and New Energy
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    • v.17 no.3
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    • pp.279-285
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    • 2006
  • Recirculation for the unreacted fuel is necessary to improve the overall efficiency of the fuel cell system and to prevent fuel starvation since the fuel cell for a vehicle application is a closed system. In case of the automotive fuel cell, the ejector which does not require any parasitic power is good for the performance improvement and easy operation. It is essential to design the customized ejector due to the lack of the commercial ejector corresponding to the operating conditions of the fuel cell systems. In this study, the design methodology for the ejector customized to an automotive fuel cell is proposed. The model based sensitivity analysis prevents the time-consuming redesign and reduces the cost of developing ejector. As a result, the customized ejector to meet the desired performance within overall operating range has developed for the PEMFC automotive system.

Greenhouse Gas Emission and Abatement Potential Analysis for the Korean Horticulture Energy Sector Using Bottom-Up Approach (상향식 접근법에 의한 국내 시설재배 에너지부분의 온실가스 배출량 및 감축 잠재량 분석)

  • Paik, Chunhyun;Chung, Yongjoo
    • Journal of Energy Engineering
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    • v.24 no.4
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    • pp.146-158
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    • 2015
  • A bottom-up approach has been conducted to estimate greenhouse gas (GHG) emission and to analyze the marginal abatement cost for the Korean horticulture energy sector. With the systematically derived activity and energy balance data, the BAUs have been estimated, along with the marginal abatement cost over the period 2010 through 2030. The result from the marginal abatement cost analysis may provide general guidelines and procedures for the establishment of GHG abatement polices.

ASSESSMENT OF ACTIVITY-BASED PYROPROCESS COSTS FOR AN ENGINEERING-SCALE FACILITY IN KOREA

  • KIM, SUNGKI;KO, WONIL;BANG, SUNGSIG
    • Nuclear Engineering and Technology
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    • v.47 no.7
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    • pp.849-858
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    • 2015
  • This study set the pyroprocess facility at an engineering scale as a cost object, and presented the cost consumed during the unit processes of the pyroprocess. For the cost calculation, the activity based costing (ABC) method was used instead of the engineering cost estimation method, which calculates the cost based on the conceptual design of the pyroprocess facility. The calculation results demonstrate that the pyroprocess facility's unit process cost is $194/kgHM for pretreatment, $298/kgHM for electrochemical reduction, $226/kgHM for electrorefining, and $299/kgHM for electrowinning. An analysis demonstrated that the share of each unit process cost among the total pyroprocess cost is as follows: 19% for pretreatment, 29% for electrochemical reduction, 22% for electrorefining, and 30% for electrowinning. The total unit cost of the pyroprocess was calculated at $1,017/kgHM. In the end, electrochemical reduction and the electrowinning process took up most of the cost, and the individual costs for these two processes was found to be similar. This is because significant raw material cost is required for the electrochemical reduction process, which uses platinum as an anode electrode. In addition, significant raw material costs are required, such as for $Li_3PO_4$, which is used a lot during the salt purification process.

A Study on the Maintenance Cost Estimation Model of the Apartment Housing (공동주택의 관리비 추정모델 연구)

  • Lee, Kang-Hee;Yang, Jae-Hyuk;Chae, Chang-U
    • Journal of the Korean housing association
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    • v.21 no.2
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    • pp.59-67
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    • 2010
  • The maintenance cost plays a important role to plan the scale of the apartment housing such as a number of household, building area and building type. Therefore, it is required to forecast the cost considering various maintenance characteristics. The maintenance characteristics are floor area, number of household, heating type, site area and etc.. In addition, the maintenance cost are classified into 5 area. These are a personal expense, facility maintenance cost, energy and water cost, insurance and sanitary cost. These five cost area are related with various characteristics and brought up the estimation model using the stepwise multiple regression analysis. The energy and heating cost share over the 50% in the total cost and the personal expense cost shares about 40%. The personal expense cost per area is 5,272 won/$m^2{\cdot}yr$ irregardless of heating type and the district heating type is a higher cost than other type. In facility maintenance cost, the central heating type is 2,015 won/$m^2{\cdot}yr$ and higher than other type. The estimation models have good statistics in each model. Most of the model have a determination coefficient over 0.7 and Durbin Watson value between 1.5 and 2.5.

Optimal Capacity Determination Method of Battery Energy Storage System for Demand Management of Electricity Customer (수용가 수요관리용 전지전력저장시스템의 최적용량 산정방법)

  • Cho, Kyeong-Hee;Kim, Seul-Ki;Kim, Eung-Sang
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.62 no.1
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    • pp.21-28
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    • 2013
  • The paper proposes an optimal sizing method of a customer's battery energy storage system (BESS) which aims at managing the electricity demand of the customer to minimize electricity cost under the time of use(TOU) pricing. Peak load limit of the customer and charging and discharging schedules of the BESS are optimized on annual basis to minimize annual electricity cost, which consists of peak load related basic cost and actual usage cost. The optimal scheduling is used to assess the maximum cost savings for all sets of candidate capacities of BESS. An optimal size of BESS is determined from the cost saving curves via capacity of BESS. Case study uses real data from an apartment-type factory customer and shows how the proposed method can be employed to optimally design the size of BESS for customer demand management.

Electricity mix scenarios simulation for Korean carbon neutrality in 2050

  • Pilhyeon Ju;Sungyeol Choi;Jongho Lee
    • Nuclear Engineering and Technology
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    • v.56 no.8
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    • pp.3369-3377
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    • 2024
  • As the realization of carbon neutrality has been a main assignment for coping with the global climate change, it became necessary to analyze upcoming changes in electricity mix with economic and technical viewpoints. This paper presents a newly-developed simulation model that reflects the daily intermittency of renewable energy by applying daily average power supply-demand patterns for each season. Also, the paper provides an economic analysis in the viewpoint of investment cost, annual cost and power generation cost by utilizing the calculations from the simulation model. Four scenarios are selected for the analyses, one based on the Korean Government's 2050 Carbon Neutrality Scenario and three Nuclear Power Build-up scenarios, which are newly suggested by the authors. The simulation results show that the increase of nuclear energy from 5.7% of Government's Scenario to 37.7% of the proposed Nuclear Power Build-up Scenario leads to the decrease of about 704 billion US$ in investment cost and about 181 billion US$ in annual cost; with reduction in the increase of 2050 expected generation cost from 3.1 to 1.6 times compared with the referenced 2021 average cost. Further, this study has significance in performing the economic analysis with the expected daily power supply-demand patterns in 2050.

A Study on the Application of District Heating System using Sewage Source (하수열원을 이용한 지역난방 적용성 검토)

  • Kim, Sang-Hun;Kim, Dong-Jin;Choi, Dong-Kyoo
    • Proceedings of the SAREK Conference
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    • 2009.06a
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    • pp.928-933
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    • 2009
  • The purpose of this study is to examine the energy consumption, carbon dioxide emission & energy cost of district heating using sewage source. The annual TOE of heat pump using sewage source save 37.1 percent than city gas boiler. And annual carbon dioxide emission of heat pump cut down 41.3 percent than city gas boiler. If it charges the rate schedule for district heating to apartment resident, collected amount are 3,127,170 thousand won. As energy cost of heat pump & circulation pump are 1,378,072 thousand won. the profits are 1,749,098 thousand won. As payback period is 8.97years, applicability is low level. However, it has advantages in energy consumption, carbon dioxide emission & energy cost. Therefore, it needs to proceed through government assistance.

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Cost Scaling Factor according to Power Plant Capacity Change (발전소 용량변경에 따른 비용보정계수)

  • Ha, Gak-Hyeon;Kim, Sung-Hwan
    • Journal of Energy Engineering
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    • v.22 no.3
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    • pp.283-286
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    • 2013
  • The existing nuclear power plants have been often redesigned by increasing or decreasing electrical power without changing design concept by the request of utility, economic factors or other factors. When the cost of power plant equipment redesigned by changing reactor power and electrical power is estimated, if its quotation is not available in the market place, cost scaling factor(CSF) applies to the cost of existing plant equipment and then the new-designed equipment cost can be calculated. In this paper, we review CSFs according to plant capacity change cases in United State DOE, EPRI, ABB, SWEC and introduce the results applied to Korean PWR 1000MWe and 1400MWe.

A Study on Energy Optimization Algorithm of Electric Vehicle Charging System (전기자동차 충전시스템의 에너지 최적화 알고리즘에 관한 연구)

  • Boo, Chang-Jin
    • Journal of IKEEE
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    • v.22 no.2
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    • pp.369-374
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    • 2018
  • In this paper, the energy cost saving in multi-channel electric vehicle charging system. Joint use of the electric car charger battery state of charging proposed a method based charging. A linear programming with two type is used for optimal control, and the time-of-use price is included to calculate the energy costs. Simulation results show that the reductions of energy cost and peak power can be obtained using proposed method.

Economic Analysis of Cogeneration System Considering Economical Value of $CO_2$ Reduction Effect (이산화탄소 저감 효과의 경제적인 가치를 고려한 Cogeneration System의 경제성 분석)

  • Kang, Yul-Ho;Ku, Bon-Cheol;Han, Young-Cheol;Lee, Jae-Keun
    • Proceedings of the SAREK Conference
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    • 2008.06a
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    • pp.1117-1121
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    • 2008
  • Recently energy consumption and $CO_2$ emission issue are important problem on international society. The present study has been conducted economic analysis considering economical value of $CO_2$ reduction effect. We analyze annual energy cost and annual $CO_2$ emission of the cogeneration system and gas boiler system in hotel. The first results shows that annual energy cost of cogeneration system (751,740,126 won) is more profitable than gas boiler system (801,128,408 won) by 6.2% (49,388,281 won). The second results shows that annual $CO_2$ emission of cogeneration system (3,297 ton) is less than gas boiler system (3,536 ton) by 6.8% (239 ton). The Economical value of $CO_2$ reduction effect is 4,773,898 won. The cost effect according to the reduction of $CO_2$ is corresponding to 9.7% of reduction cost for total energy cost. The result of this study means that $CO_2$ reduction effect is essential item in introduction and change of facility for economic analysis.

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