• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.55 no.11
• /
• pp.498-504
• /
• 2006

This paper describes the simple payback period analysis of small co-generation system based on the existing apartment and building data. First, We investigate apartment and building data more than $2000[m^2]$ using Ministry of Construction & Transportation's computer system. And then we calculate the latent amount of small co-generation system considering gas company and CHP. Second, we classify the latent amount of small co-generation system into office, hospital, hotel, department store, complex building and apartment. Finally, we perform the simple payback period analysis for small co-generation system. The results show the simple payback period of small co-generation system is less then 10 years.

• Journal of Energy Engineering
• /
• v.29 no.2
• /
• pp.68-78
• /
• 2020

According to the new climate change agreement, technology development to reduce greenhouse gases is actively conducted worldwide, and research on energy efficiency improvement in the field of power generation and transmission and distribution is underway [1,2]. Economic analysis of the operation method of storing and supplying surplus electricity using energy storage devices, and using energy storage devices as a frequency adjustment reserve power in regional cogeneration plants has been reported as the most profitable operation method [3-7]. Therefore, this study conducted an economic analysis for the installation of energy storage devices in the combined heat and power plant in the Czech Republic. The most important factor in evaluating the economics of battery energy storage devices is the lifespan, and the warranty life is generally 10 to 15 years, based on charging and discharging once a day. For the simulation, the ratio of battery and PCS was designed as 1: 1 and 1: 2. In general, the primary frequency control is designed as 1: 4, but considering the characteristics of the cogeneration plant, it is set at a ratio of up to 1: 2, and the capacity is simulated at 1MW to 10MW and 2MWh to 20MWh according to each ratio. Therefore, life was evaluated based on the number of cycles per year. In the case of installing a battery energy storage system in a combined heat and power plant in the Czech Republic, the payback period of 3MW / 3MWh is more favorable than 5MW / 5MWh, considering the local infrastructure and power market. It is estimated to be about 3 years or 5 years from the simple payback period considering the estimated purchase price without subsidies. If you lower the purchase price by 50%, the purchase cost is an important part of the cost for the entire lifetime, so the payback period is about half as short. It can be, but it is impossible to secure profitability through the economy at the scale of 3MWh and 5MWh. If the price of the electricity market falls by 50%, the payback period will be three years longer in P1 mode and two years longer in P2 and P3 modes.

• Proceedings of the Korea Society for Energy Engineering kosee Conference
• /
• 2000.11a
• /
• pp.221-227
• /
• 2000

The optimal capacity of CGS(Co-Generation Sys.) for APT. complex is 300kW output of electricity power from being considered the simple payback period, loss and benefit, and the running mode of CGS. The proper operation mode of CGS is as follows; If the demanding electricity load of APT. complex is within the range of capacity of generator(300kW), CGS is connected and operated with KEPCO grid. When the load ratio is over 50% of normal load of CGS(300kW), only CGS supply electricity demand. If not, the electricity line of CGS is exchanged to that of KEPCO.

• Environmental Engineering Research
• /
• v.21 no.2
• /
• pp.132-139
• /
• 2016

In early 90s the worldwide awareness about the energy crisis and global warming had been increased and emission reduction (by improving energy efficiency), as well as increasing the capacity of clean and renewable energies, showed themselves as the most important steps towards the sustainable development approach. However, investigations on Iran's environmental situation show huge decline in recent decades and apparently there is no sense of urgency about these issues through the vision of Iranian politicians. In this article the idea of replacing the old gas turbines of Polkalleh natural gas compressor station - as one of the main compressor stations of Iran - with newer and more efficient gas turbines is evaluated, emphatically for reducing greenhouse gases emissions and their environmental costs and decreasing natural gas consumption as well. Clearly such idea is costly, but analyzing its economic impacts, huge declines in annual costs and greenhouse gases emissions can be seen as well. So an investment about $95 million can decrease 40% of Polkalleh compressor station annual costs, 25% of natural consumption and 30% of $CO_2$ and $NO_x$ emissions. Besides the simple payback period of this investment is about 2.5 years from the cut-expenses of annual costs.

• Proceedings of the SAREK Conference
• /
• 2009.06a
• /
• pp.1497-1502
• /
• 2009

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) and central boiler system with individual air conditioning facility which are installed at the same building in the shared an apartment house. Cost items, such as initial construction 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 (1,351,000,000won) is more profitable than central boiler system with individual air conditioning facility by 86.7% initial cost. And SPP appeared 8.0 year overcome the different initial cost by different annual energy cost.

• Proceedings of the SAREK Conference
• /
• 2008.11a
• /
• pp.27-32
• /
• 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.

• Proceedings of the SAREK Conference
• /
• 2006.06a
• /
• pp.607-612
• /
• 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.

• Journal of Biosystems Engineering
• /
• v.38 no.4
• /
• pp.287-294
• /
• 2013

Purpose: Greenhouses for a protected horticulture covered with a plastic or glass are easy to have weakness in a heat loss by deterioration, damage, poor construction, and so on. To grasp the vulnerable points of heat loss of the greenhouses is important for heating energy saving. In this study, an on-site heat loss audit and energy consulting system were developed for an efficient energy usage of a greenhouse. Method: Developed system was mounted with infrared thermal and visual cameras to grasp the heat loss from the greenhouse quickly and exactly, and a trial calculation program of heating load of greenhouse to provide farmers with the information of heating energy usage. Results: Developed system could print out the reports about the locations and causes of the heat losses and improvement methods made up by an operator. The mounted trial calculation program could print out the information of the period heating load and fuel cost according to the conditions of greenhouse and cultivation. The program also mounted the databases of the information on the 13 horticultural energy saving technologies developed by the Korea Rural Development Administration and simple economic analysis sub-program to predict the payback period of the technologies. Conclusion: The developed system was expected to be used as the basic equipment for an instructors of district Agricultural Technology and Extension Centers to conduct the energy consulting service for the farmers within the jurisdiction.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.17 no.3
• /
• pp.232-242
• /
• 2005

It has been recognized that solar water heating systems are economically inferior to conventional gas water-heaters and boilers using light oil as fuel in spite of having practical possibilities among other alternative energy facilities in Korea. The solar system, however, should be revaluated due to the sharp rise of oil prices recently. We have calculated the energy amount and cost through a series of research projects for the system by experiment and simulation, which lead to analyzing reliable life cycle costs. For the economic analysis, the gas water-heater and light oil boiler were taken as base cases while the solar systems implemented with these facilities were compared as alternatives. As a result, the solar system using the light oil as an auxiliary fuel surpassed the light oil boiler in economics. And a $50\%$ government subsidy for the initial cost is needed to maintain competitiveness with the gas hot-water heater. With this support, the simple payback period of the system can approach 12.8 years under $20\%$ additional curtailment of expenditure.

• Clean Technology
• /
• v.17 no.4
• /
• pp.406-411
• /
• 2011

A detailed database of waste heat is built to propose energy exchange networks to recover waste energy in Pohang Steel Industrial Complex. A visualized technique is used to figure out the status of waste heat energy and to suggest potential energy exchange networks. Several energy networks are proposed in terms of temperature level, the amount of available energy, distance, and construction cost. A simple economical assessment is applied to the energy exchange networks which have higher economic potential. Their average payback period is estimated to be 2.8 years. The total amount of energy saving by constructing the proposed energy exchange networks is 4,778 TOE per year. It corresponds to 11,160 ton $CO_2$ reduction with the assumption that the recycled waste energy replaces the use of LNG in energy-demanding companies.