• Title/Summary/Keyword: Payback Period

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Determination of Optimal sizes of Battery Energy Storage System Considering Rate-Of-Return for Customers-side (수익률을 고려한 수용가측 전자전력저장시스템의 최적용량 선정)

  • Hong, Jong-Seok;Kim, Jae-Chul;Choi, Joon-Ho;Son, Hak-Sik
    • Proceedings of the KIEE Conference
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    • 2001.11b
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    • pp.146-148
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    • 2001
  • This paper discusses the optimal sizes of BESS. The goal must be optimized electricity charge of the customers-side with choosing the time-of-use rates. Therefore the cost is minimized by BESS installed the customers-side. Feasible ROR that means the ratio of capital costs to economic effect owned the optimal BESS sizes is determined the suitable domestic condition based on the battery cost and power converter system cost. Payback period times can be presented by BESS through the ROR. Multi-Pass Dynamic Programming(MPDP) algorithm is applied to the customer for the optimal sizes determination in this paper. It is to solve the optimal solution under the constraints. To investigate the efficiencies of the constraints, it is applied the typical load curve to the high-voltage customer owned Time-Of-Use(TOU) whether BESS is installed or not. Well, The result is obtained that feasible BESS sizes can be achieved the suitable customers-side of meter through the ROR.

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The Performance Test and the Feasibility Study for a Dual-Source Heat Pump System Using the Air and Ground Heat Source (공기 및 지열 이용 Dual-Source 히트펌프 시스템의 성능실험 및 경제성 분석)

  • Nam, Yujin;Chae, Ho-Byung
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.26 no.5
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    • pp.212-217
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    • 2014
  • Recently, the use of renewable energy has been increased due to growing concern on the energy-saving at buildings and the reduction of $CO_2$ emission. In the field of architecture, to reduce the energy consumption of heating, cooling and hot water supply, heat pump systems with renewable energy has been developed and used in various applications. However, there have been many of researches on the large-scale commercial heat pump systems, but the research and the field application of a compact heat pump system is rare. Therefore, in order to develop the compact heat pump for the small-scale residential building, this study conducted the performance test and feasibility study for a hybrid heat pump using the heat source of air, solar and ground. In the results of experiments through a trial product, the average COP of cooling mode with ground heat source was 4.75, and it of heating mode was 4.03. Furthermore, the average COP of cooling mode with air heat source was 2.60, and it of heating mode was 2.92. Finally, payback period of the system was calculated as 9.2 years.

An Analysis on the Maintenance Effect of the HVAC System with On-line Management Method (공조설비의 온라인 유지관리 효과 분석)

  • Kim, Yong-Ki;Lee, Tae-Won;Kang, Sung-Ju;Woo, Nam-Sub
    • Proceedings of the SAREK Conference
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    • 2008.06a
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    • pp.54-59
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    • 2008
  • The poor maintenance and management of HVAC systems finally lead to the shortening of the life expectancy and result in the increase of operating costs and energy consumptions due to low efficiencies. Also, it is essential to try to develop ways to adequately maintain and to use the building facilities efficiently in order to preserve earth environment and the limited resource. In this study, an analysis on the maintenance and management cost for HVAC systems was carried out with the capacity of equipment. Besides, the LCC(Life Cycle Cost) based analysis was carried out to verify the effect of the doing maintenance and management. As the results, the case of the good maintenance and management is able to save LCC to 11 % than the case of the poor method.

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Analysis of the Initial Cost Payback Period on the Open-loop Geothermal System Using Two Wells (복수정을 이용한 개방형 지열 시스템의 초기투자비 회수기간 분석)

  • Cho, Jeong-Heum;Nam, Yujin
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.29 no.3
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    • pp.119-126
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    • 2017
  • Recently, ground source heat pump systems are being used in buildings for cooling and heating to reduce greenhouse gas and save energy. However, ground source heat pump systems mainly use the vertical closed-loop geothermal system design rather than the open-loop geothermal system design. This is due to a lack of knowledge and few research feasibility studies. In this research, a dynamic thermal analysis numerical simulation based on a standard house model was conducted for an open-loop geothermal system. Based on heating load analysis results, the life cycle costs of a standard house using an open two-well geothermal system were analyzed and compared with a vertical closed-loop geothermal system, and a diesel boiler. As a result, it was found that using an open two-well geothermal system shows economic return on investment after three years.

Life cycle greenhouse-gas emissions from urban area with low impact development (LID)

  • Kim, Dongwook;Park, Taehyung;Hyun, Kyounghak;Lee, Woojin
    • Advances in environmental research
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    • v.2 no.4
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    • pp.279-290
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    • 2013
  • In this study, a comprehensive model developed to estimate greenhouse gas (GHG) emissions from urban area with low impact development (LID) and its integrated management practices (IMPs). The model was applied to the actual urban area in Asan Tangjeong district (ATD) as a case study. A rainwater tank (1200 ton) among various LID IMPs generated the highest amount of GHG emissions ($3.77{\times}10^5kgCO_2eq$) and led to the utmost reducing effect ($1.49{\times}10^3kgCO_2eq/year$). In the urban area with LID IMPs, annually $1.95{\times}104kgCO_2eq$ of avoided GHG emissions were generated by a reducing effect (e.g., tap water substitution and vegetation $CO_2$ absorption) for a payback period of 162 years. A sensitivity analysis was carried out to quantitatively evaluate the significance of the factors on the overall GHG emissions in ATD, and suggested to plant alternative vegetation on LID IMPs.

Application analysis to a shared apartment house of heat storage type GSHP system with dual storage tank (이중 축열조를 갖는 축열식 지열원 히트펌프시스템의 노인공동주택 적용 분석연구)

  • Park, Jong-Woo;Lee, Sang-Hoon;Cho, Sung-Hwan
    • Proceedings of the SAREK Conference
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    • 2008.11a
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    • pp.27-32
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    • 2008
  • The present study has been conducted economic analysis of heat storage type ground source heat pump system(HSGSHP) and normal ground source heat pump (GSHP) which are installed at the same building in the shared an apartment house. Cost items, such as initial cost, annual energy cost and maintenance cost of each system are considered to analyze life cycle cost (LCC) and simple payback period (SPP) with initial cost different are compared. The initial cost is a rule to the Government basic unit cost of production. LCC applied present value method is used to assess economical profit of both of them. Variables used to LCC analysis are prices escalation rate and interest rate mean values of during latest 10 years. The LCC result shows that HSGSHP (1,050,910,000won) is more profitable than GSHP by 68.9% initial cost. And SPP appeared 3.0 year overcome the different initial cost by different annual energy cost.

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Energy and Economic Analysis of Heat Recovery Cogeneration Loop Integrated with Heat Pump System by Detailed Building Energy Simulation (건물 에너지 상세 해석을 통한 소형 열병합 발전 및 히트펌프 복합 시스템의 경제성 분석)

  • Seo, Dong-Hyun;Koh, Jae-Yoon;Park, Yool
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.21 no.2
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    • pp.71-78
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    • 2009
  • Up until recently, the energy and the economic analysis of a cogeneration system have been implemented by a manual calculation that is based on monthly thermal loads of buildings. In this study, a cogeneration system modeling validation with a detail building energy simulation, eQUEST, for a building energy and cost prediction has been implemented. By analyzing the hourly building electricity and thermal loads, it enables users to decide proper cogeneration system capacity and to estimate more accurate building energy consumption. eQUEST also verified the energy analysis when the heat pump system is integrated with the cogeneration system. The mechanical system configuration benefits from the high efficiency heat pump system while avoiding the building electricity demand increase. Economic analysis such as LCC (Life Cycle Cost) method is carried out to verify economical benefits of the system by applying actual utility rates of KEPCO(Korea Electricity Power COmpany) and KOGAS(KOrea GAS company).

A Study on the Optimal Sizing of Wastewater Recycling System for Office Buildings (사무소건설물(事務所建設物) 중수설비(中水設備)의 적정용량산정(適正容量算定)에 관한 연구(硏究))

  • Jung, Jong-Rim;Lee, Kyung-Hoi
    • KIEAE Journal
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    • v.2 no.3
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    • pp.25-32
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    • 2002
  • The demand for water in a city area has enormously increased due to the concentration of population and improvement of the living quality. In this reason, the water shortage and the pollution by city sewage seem to be inevitable. For saving city water and meeting the demands from the city, the wastewater recycling system can be used, which makes used water reusable by a certain purification process. In Korea, the application of a wastewater recycling system to the buildings has continuously been adopted since its first appearance at the Lotte World Complex in 1989. However, the system has not been in fashion because of its high cost and users' negative attitude against recycled water. A research based on literature review and a case study for a recycling water system was carried out and an estimation and evaluation model was proposed. The results from the present study suggest that the optimal size of the recycling water system should be designed within 30-40% of total water demand in a building. Also, it was found that economic benefits could be expected within the payback period of 5.3 years by securing the operation rate over 70%.

Development of Energy Saving System Using the Microwave Sensor (마이크로웨이브 센서를 이용한 에너지 절약시스템 개발)

  • Jung, Soon-Won;Lee, Jae-Jin;Koo, Kyung-Wan
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.57 no.4
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    • pp.404-407
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    • 2008
  • Because of directly receiving the thing in which a microwave is reflected and comparing the frequency, the microwave sensor with doppler effect completely overcomes the problem of the passive infrared sensor. The microwave sensor with doppler effect well operates about a temperature, the dust, and the peripheral noise because of being dull in the most of ambient conditions. The system developed in this research is the electricity saving detection sensor which it senses the real time action of a man as the microwave sensor and automatically turns on the electric lamp and turns off, minimizes the electrical energy consumption. Since the microwave sensor is not influenced in the light, the dust, and the natural element like the ambient temperature, the effectiveness is considered to be superior to the passive infrared sensor being used currently. There was the energy reduction effect more than about 60% in the performed example which established this system. When this was compared with the construction cost, the cost of establishing payback period was about 1-1.5 year. The microwave sensor with doppler effect developed from this research result is convinced in the future to do enough for the electric energy saving.

Low-grade waste heat recovery and repurposing to reduce the load on cooling towers

  • McLean, Shannon H.;Chenier, Jeff;Muinonen, Sari;Laamanen, Corey A.;Scott, John A.
    • Advances in Energy Research
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    • v.7 no.2
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    • pp.147-166
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    • 2020
  • Industrial cooling towers are often ageing infrastructure that is expensive to maintain and operate. A novel approach is introduced in which a heat pump circuit is incorporated to reduce the load upon the towers by extracting low-grade energy from the stream sent to the towers and repurposing in on-site processing operations. To demonstrate the concept, a model was constructed, which uses industrial data on cooling towers linked to a smelter's sulphuric acid plant, to allow direct economic and environmental impact comparison between different heat recovery and repurposing scenarios. The model's results showed that implementing a heat pump system would significantly decrease annual operating costs and achieve a payback period of 3 years. In addition, overall CO2 emissions could be reduced by 42% (430,000 kg/year) and a 5% heat load reduction on the cooling towers achieved. The concept is significant as the outcomes introduce a new way for energy intensive industrial sectors, such as mineral processing, to reduce energy consumption and improve long-term sustainable performance.