• Title/Summary/Keyword: Payback year

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Waste Heat Utilization of Melted slags at Pyrolysis, Gasification and Melting System (열분해 가스화 용융시스템에서 용융슬래그의 폐열 활용)

  • Lee, Ho-Seok;Sung, Sang-Chul;Oh, Myung-Do
    • Proceedings of the SAREK Conference
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    • 2008.06a
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    • pp.1237-1242
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    • 2008
  • A study on waste heat utilization of melted slags at pyorlysis, gasification and melting system was performed. Researchers studied heat balance of substances that flow and flow out to the system which is consisted of melting furnace, combustion chamber, and waste heat boiler, then they calculated melting slags' quantity of heat by the first law of thermodynamics. If they use water cursh pit outflow which is gotten by quenching of melting slag as a energy for heating and cooling system, steam of waste heat boiler would be delivered to a steam turbine, making energy, then they will get 67,671,000 won of profit a year. It will take 3 years to repossess the cost that they invested for building it. And, if we predict durability of trash burner is 20 years, we will get approximately 1,150,407,000 won of profits in 17 years without the period when we repossess the building costs.

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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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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.

The Performance Estimation of Pressure-Type Rapid Automatic Filter (압력식 급속 자동 여과장치의 여과성능 평가)

  • Kim, Deok-Jin;Ryu, Hea-Seong;Shin, Sang-Yoon
    • Proceedings of the SAREK Conference
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    • 2006.06a
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    • pp.607-612
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    • 2006
  • A pressure-type rapid automatic filter of 2000mm diameter and 170 ton/h filtering capacity was fabricated. In case of no external impurity inflow, the turbidity removal efficiency on raw water was experimented and the numbers of impurities of each sizes were analyzed by particle counter. As the result of circulated filtering, the raw water of 40 NTU was filtered to 0.44 NTU and the numbers of impurities above $1{\mu}m$ were removed by approximately 95%. With the filtering efficiency experimented and the mathematical method, the turbidity change of circulation water were calculated according to the inflow rate of external impurity and water treatment method of blow-down or filtering. The cost of blow-down water was calculated from above results. And simple payback period for this filter is calculated as about one year. Nowadays, as the cost of water is continuously increasing and environment regulations will be more strict, the water quality control using this filter will be expected to satisfy the user requirement.

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Techno-economic design of a grid-tied Photovoltaic system for a residential building

  • Asad A. Naqvi;Talha Bin Nadeem;Ahsan Ahmed;Muhammad Uzair;S. Asad Ali Zaidi
    • Advances in Energy Research
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    • v.8 no.1
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    • pp.59-71
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    • 2022
  • Increasing cost of electricity due to rising price of fuel is one of the local community's main issues. In this research, switching of grid dependent system to the grid-tied Photovoltaic (PV) system with net metering for a residential building is proposed. The system is designed by considering the maximum energy demand of the building. The designed system is analyzed using RETScreen on technical, economic and environmental grounds. It is found that the system is able to produce 12,000 kWh/year. The system is capable to fulfill the electricity demand of the building during day time and is also capable to sell the energy to the local grid causing the electric meter to run in reverse direction. During night time, electricity will be purchased from grid, and electric meter will run in the forward direction. The system is economically justified with a payback period of only 3 years with net present value of PKR. 4,758,132. Also, the system is able to reduce 7.2 tons of CO2 not produced in the entire life of the project.

An Economic Feasibility Analysis of a Hydrogen Fuel-Cell Vehicle Considering GHG (GHG를 고려한 수소연료전지 자동차의 경제성 분석)

  • Yang, Moon-Hee;Gim, Bong-Jin;Kim, Jong-Wook
    • New & Renewable Energy
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    • v.1 no.3 s.3
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    • pp.42-50
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    • 2005
  • This paper deals with the economic feasibility model and analysis of a hydrogen fuel-cell vehicle [FCV] against two similar types of non-business vehicles fueled with gasoline [GV] and diesel [DV] considering greenhouse gas [GHG]. Considering the price of vehicles and annual operating cost, we build a classical economic feasibility model. Since the economic feasibility could be affected by many input factors such as the prices of vehicles, the price of fuels, annual driving distance and so on, we estimate the average future values of input factors, which is defined as "the average case". Based on the average case, we assess the representative economic feasibility of a FCV with/without GHG, and by changing various annual driving distances, we assess its economy in terms of net-present value, internal rate of return, and payback period. In addition, we make some sensitivity analysis of its economic feasibility by changing the values of the critical input factors one at time. Based on the average case, it turns out that the consumer of a FCV could save 25,000 won/year for a GV, but the consumer could pay 120,000 won/year more for a DV. This indicates that gasoline vehicles could be replaced gradually by FCVs in Korean market which might be formed by those consumers driving annually more than approximately 14,800 km. As the results of our sensitivity analysis, it turns out that a FCV is no more economical if the difference of the prices between FCV and GV is more than 10,130,000 won or the price of hydrogen fuel could be more than 5,136 won/kg.

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Economic Feasibility Study for Commercial Production of Bio-hydrogen (해양바이오수소개발 사업의 상업생산을 위한 예비경제성평가)

  • Park, Se-Hun;Yoo, Young-Don;Kang, Sung Gyun
    • Ocean and Polar Research
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    • v.38 no.3
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    • pp.225-234
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    • 2016
  • This project sought to conduct an economic feasibility study regarding the commercial production of bio-hydrogen by the marine hyperthermophilic archaeon, Thermococcus onnurineus NA1 using carbon monoxide-containing industrial off-gas. We carried out the economic evaluation of the bio-hydrogen production process using the raw material of steel mill by-product gas. The process parameter was as follows: $H_2$ production rate was 5.6 L/L/h; the conversion of carbon monoxide was 60.7%. This project established an evaluation criterion for about 10,000 tonne/year. Inflation factors were considered as 3%. The operating costs were recalculated based on prices in 2014. The total investment required for development was covered 30% by capital and 70% by a loan. The operation cost for the 0.5-year test and integration, and the cost for the first three months in the 50% production period were considered as the working capital in the cost estimation. The costs required for the rental of office space, facilities, and other related costs from the construction through to full-scale production periods were considered as continuing expenses. Materials, energy, waste disposal and other charges were considered as the operating cost of the development system. Depreciation, tax, maintenance and repair, insurance, labor, interest rate charges, general and administrative costs, lubrication and miscellaneous expenses were also calculated. The hydrogen price was set at US$ 4.15/kg for the economic evaluation. As a result, the process was considered to be economical with the payback period of 6.3 years, NPV of 18 billion Won and IRR of 26.7%.

Condenser cooling system & effluent disposal system for steam-electric power plants: Improved techniques

  • Sankar, D.;Balachandar, M.;Anbuvanan, T.;Rajagopal, S.;Thankarathi, T.;Deepa, N.
    • Membrane and Water Treatment
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    • v.8 no.4
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    • pp.355-367
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    • 2017
  • In India, the current operation of condenser cooling system & effluent disposal system in existing power plants aims to reduce drawal of seawater and to achieve Zero Liquid Discharge to meet the demands of statutory requirements, water scarcity and ecological system. Particularly in the Steam-Electric power plants, condenser cooling system adopts Once through cooling (OTC) system which requires more drawal of seawater and effluent disposal system adopts sea outfall system which discharges hot water into sea. This paper presents an overview of closed-loop technology for condenser cooling system and to achieve Zero Liquid Discharge plant in Steam-Electric power plants making it lesser drawal of seawater and complete elimination of hot water discharges into sea. The closed-loop technology for condenser cooling system reduces the drawal of seawater by 92% and Zero Liquid Discharge plant eliminates the hot water discharges into sea by 100%. Further, the proposed modification generates revenue out of selling potable water and ZLD free flowing solids at INR 81,97,20,000 per annum (considering INR 60/Cu.m, 330 days/year and 90% availability) and INR 23,760 per annum (considering INR 100/Ton, 330 days/year and 90% availability) respectively. This proposed modification costs INR 870,00,00,000 with payback period of less than 11 years. The conventional technology can be replaced with this proposed technique in the existing and upcoming power plants.