Menu
Home
Log in / Register
 
Home arrow Environment arrow A Novel SOFC Tri-generation System for Building Applications
Source

Economic Assessment

In this section, an economic assessment of the novel SOFC liquid desiccant trigeneration system operating within a UK economic climate is presented. The economic assessment compares the 1.5 and 2.0 kWe capacity tri-generation systems to an equivalent base case system comprising grid electricity, natural gas fired boiler and electrically driven VCS over a 15 year time period. The economic evaluation metrics used are: net present cost (NPC), equivalent uniform annual cost (EUAC) and simple pay-back period (SPBP). The unit cost of electricity, unit cost of natural gas and the capital cost of the SOFC are varied, in a reasonable range, to carry out a sensitivity analysis of the NPC and SPBP. Using electrical unit cost data published by the International Energy Agency (IEA 2012), the economic performance of the tri-generation system in the context of different countries is presented.

Next, Sect. 8.2.1 describes the metrics used in the economic assessment.

Economic Assessment Metrics

NPC, EUAC and SPBP are used to assess the economic performance of the novel SOFC liquid desiccant tri-generation system compared to a base case system.

 
Source
Found a mistake? Please highlight the word and press Shift + Enter  
< Prev   CONTENTS   Next >
 
Subjects
Accounting
Business & Finance
Communication
Computer Science
Economics
Education
Engineering
Environment
Geography
Health
History
Language & Literature
Law
Management
Marketing
Mathematics
Political science
Philosophy
Psychology
Religion
Sociology
Travel