• Advances in Energy Research
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• v.8 no.1
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• pp.1-19
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• 2022

The application of Photovoltaic (PV) power in the building sector, is expanding as part of the ongoing energy transition into renewables. The article addresses the question of sustainability of energy generated from PVs through an environmental assessment of a building-integrated PV system (BIPV) connected to the grid through net metering. Employing retrospective life cycle analysis (LCA), with the CCaLC2 software and ecoinvent data, the article shows that the carrying structure and other balance of system (BOS) components are responsible for a three times higher energy payback time than the literature average. However, total environmental impact can be lowered through reuse or reinstallation of PVs on the same building structure after the 30-year interval. Further ways to improve environmental efficiency include identifying the most polluting materials for each LCA parameter. The results of this study are of interest to researchers and producers of PVs and organizations investing and promoting decentralized power production through PVs.

• 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.

• 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.

• Clean Technology
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• v.27 no.3
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• pp.269-274
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• 2021

Bioenergy is generally considered to be one of the options for pursuing carbon neutrality. However, for a period of time, combustion of harvested plant biomass inevitably causes more carbon dioxide in the atmosphere than combustion of fossil fuels. This paper proposes a method that predicts and minimizes the total amount and payback period of this carbon debt. As a case study, a carbon cycle impact assessment was performed for immediate switching of the currently used fossil fuels to biomass. This work points out a fundamental vulnerability in the concept of carbon neutrality. As an action plan for the sustainability of bioenergy, formulas for afforestation proportional to the decrease in the forest area and surplus harvest proportional to the increase in the forest mass are proposed. The results of optimization indicate that the carbon debt payback period is about 70 years, and the carbon dioxide in the atmosphere increases by more than 50% at a maximum and 3% at a steady state. These are theoretically predicted best results, which are expected to be worse in reality. Therefore, biomass is not truly carbon neutral, and it is inappropriate as an energy source alternative to fossil fuels. The method proposed in this work is expected to be able to contribute to the approach to carbon neutrality by minimizing present and future carbon debt of the bioenergy that is already in use.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.21 no.3
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• pp.117-124
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• 2007

This paper is about the Extra-High voltage distribution system in the customer's area. The power loss in the distribution system in the customer's area is disregarded and rarely managed so far. But, economically, this loss is not small quality to ignore. So, in this paper, we calculate the power loss of the Extra-High voltage distribution system in the customer's area by changing the locations of power transformer and other power facilities to decrease power loss in decreased secondary line length. And we also show the payback time of the proposed Extra-High voltage distribution system in the customer's area by simplified calculations.

• Proceedings of the KIEE Conference
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• 1995.11a
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• pp.117-119
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• 1995

For an effective application of the cogeneration system for commercial and industrial buildings, we need to develop a relevant model to determine the long-term based optimal sizing of the cogeneration system considering electrical and thermal load demands, buy and sell contracts with electric utility and the annual production cost. In assessing the optimal sizing of cogeneration, we have to consider both economic parameters and their capacity expansion for the increased electrical and thermals demand in the future. In this paper, we propose a mathematical model for the optimal sizing of cogeneration systems considering annual production costs and other economic parameter such as, lifetime of the equipment, time value of the capital, etc. In the case study, we thoroughly examine the effects of the economic parameters and determine the optimal size of the sample system. In addition, we calculate the payback period of the cogeneration investment.

• 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.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.10
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• pp.1390-1396
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• 2013

The paper estimated the reasonable market price of lead-acid battery energy storage system (BESS) intended for demand management of electricity customers. As time-of-use (TOU) tariffs have extended to a larger number of customers and gaps in the peak and off-peak rates have gradually risen, deployment of BESS has been highly needed. However, immature engineering techniques, lack of field experiences and high initial investment cost have been barriers to opening up ESS markets. This paper assessed electricity cost that BESS operation could save for customers and, based on the possible cost savings, estimated reasonable prices at which BESSs could become a more prospective option for demand management of customers. Battery scheduling was optimized to maximize the electricity cost savings that BESS would possibly achieve under TOU tariffs conditions. Basic economic factors such as payback period and return on investment were calculated to determine reasonable market prices. Actual load data of 12 industrial customers were used for case studies.

• Korean Chemical Engineering Research
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• v.47 no.1
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• pp.127-132
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• 2009

This report examines the economic feasibility of a commercial 50,000 barrel per day direct coal liquefaction(DCL) facility to produce commercial-grade diesel and naphtha liquids from medium-sulfur bituminous coal. The scope of the study includes capital and operating cost estimates, sensitivity analysis and a comparative financial analysis. Based on plant capacity of 50,000BPD, employing Illinois #6 bituminous coal as feed coal the total capital cost appeared $3,994,858,000. Also, the internal rate of return of DCL appeared 6.60% on the base condition. In this case, coal price and sale price of products were the most influence factors. And DCL's payback period demanded a long time(12.3 years), because of high coal price at the present time. According to sensitivity analyses, the important factors on DCL processes were product sale price, feed coal price and the capital cost in order.

• 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.