Combined Heat and Power - Analysis of Various Markets


Book Description

Combined Heat and Power (CHP) solutions represent a proven and effective near-term energy option to help the U.S. enhance energy efficiency, ensure environmental quality, promote economic growth, and foster a robust energy infrastructure. Using CHP today, the U.S. already avoids over 1.9 Quadrillion British thermal units (Quads) of fuel consumption and 248 million metric tons of carbon dioxide (CO2) emissions annually compared to traditional separate production of electricity and thermal energy. This book discusses the broader outreach and education efforts to expand knowledge of the benefits and applications of CHP in three specific market sectors in the U.S.: dry mill ethanol production, hotels/casinos, and wastewater treatment facilities.










Investment Strategy in Heating and CHP


Book Description

This book provides a methodology for developing an optimum investment strategy in the heating and combined heat and power (CHP) industry. It demonstrates how to apply mathematical models to the analysis of heat and electricity source operation from technical and economic perspectives. It also allows readers to ascertain the economic effectiveness of modernizing an existing CHP plant. The mathematical models presented are designed to recognize identity profits in continuous time so that they can be better predicted. The authors examine the operational costs of a CHP plant and the impact of factors, such as environmental costs, associated with investment in the heating and CHP sector to enable readers to select the most appropriate technologies. It presents a state-of-the-art technical and economic analysis to enhance readers’ understanding of investment in and optimization of heating and CHP, and provides practical guidance for investors’ decision-making. The book is a valuable source of information, making it ideal for financial analysts and power engineers. Thanks to its in-depth analysis of mathematical methods, it is also suitable for students and researchers with an interest in investment strategy.




European Law on Combined Heat and Power


Book Description

This book provides an analysis of the European policy approach to combined heat and power (CHP), a highly efficient technology used by all EU Member States for the needs of generating electricity and heat. European Law on Combined Heat and Power carries out an assessment of the European legal and policy measures on CHP, evaluating how it has changed over the years through progress and decline in specific member states. Over the course of the book, Sokołowski explores all aspects of CHP, examining the types of measures used to steer the growth of cogeneration in the EU and the policies and regulatory tools that have influenced its development. He also assesses the specific role of CHP in the liberalisation of the internal energy market and EU action on climate and sustainability. Finally, by delivering his notions of "cogenatives", "cogenmunities", or "Micro-Collective-Flexible-Smart-High-Efficiency cogeneration", Sokołowski considers how the new EU energy package – "Clean energy for all Europeans" – will shape future developments. This book will be of great interest to students and scholars of energy law and regulation, combined heat and power and energy efficiency, as well as policy makers and energy experts working in the CHP sector.













Technology-to-Market Analysis of Integrated Combined Heat and Power Plants with Thermal Energy Storage in Commercial Facilities


Book Description

Thermal energy storage (TES) provides increased flexibility to residential and commercial customers in the operation of their combined heating and power (CHP) systems by separating generation of electricity from heating or cooling load. TES systems that can store high temperature exhaust heat (up to 600i C) from natural-gas powered CHP, such as low-cost elemental sulfur-based technology developed by UCLA researchers, can dramatically improve system economics. TES with quick heat response allows more commercial buildings with varying thermal and electrical demand to benefit from CHP. In this thesis, realistic hourly electrical and heat usage data, along with energy pricing and installed system costs, were used to give insights into key economic indicators about the viability of CHP-TES systems for various commercial building types in Los Angeles, CA. The metrics used to understand the value of adding TES to existing CHP systems and new CHP-TES systems included upfront costs, payback period, and lifetime value for different capacity sizing of TES. The results showed that adding TES to baseload CHP systems improves the lifetime value of the plant with a payback period of less than five years for many commercial building types. The large hotel building type offers the shortest CHP payback period of 2.8 years and TES retrofit payback period of 1.6 years. The value of the TES system to the end user can be more than 10 times the initial cost of the TES over a 15 year lifetime. Further, a sensitivity analysis of the TES cost, utility costs, and weather regions was performed. Accounting for regional variations in electricity prices, natural gas prices, and weather, we found that although electricity usage stays relatively constant, heat usage and TES economics vary greatly by region. Overall, we showed that high temperature thermal energy storage such as based on molten sulfur or molten salt, can efficiently store highly-valuable heat for enhanced small-CHP flexibility, thereby changing the economics of small-scale CHP systems for residential and commercial buildings, and promotes a more level grid from the demand side.