TY - GEN
T1 - Economic feasibility of combined cooling, heating and power systems
AU - Ahn, Hyeunguk
AU - Freihaut, James D.
AU - Rim, Donghyun
N1 - Publisher Copyright:
© U.S. Government
PY - 2019
Y1 - 2019
N2 - Combined cooling heating, and power (CCHP) systems can provide significant economic value due to the simultaneous energy production of a single The objective of this investigation is to examine the economic feasibility of CCHP systems of differently sized for a large office building in three locations: San Francisco, CA, Boston, MA, and Miami, FL. The economic value is evaluated with respect to annual operation costs and simple payback periods compared to a conventional, separate heat and power system wherein electricity is supplied by a grid and heat is provided by a boiler. Regional utility rates are used to examine regional impacts on the CCHP economic viability. The results show that annual operation costs can be reduced by 0.11 — 0.42 million S/j for San Francisco and Boston whereas increase by 0.16 - 0.29 million f/j for Miami. A larger system can achieve greater cost savings, but an oversized system may lead to undesirable part load utilisation of system components. For San Francisco and Boston, the annual cost savings are mainly attributed to the reduction of the grid electricity use. As a result, simple payback years of 7.5 — 10 years are noted for San Fr and Boston. However, for Miami with relatively expensive natural gas and low grid electricity cost compared to Boston and San Francisco, the annual operation cost increases compared to the conventional system regardless of system sizes, indicating that CCHP systems may not be economically via.
AB - Combined cooling heating, and power (CCHP) systems can provide significant economic value due to the simultaneous energy production of a single The objective of this investigation is to examine the economic feasibility of CCHP systems of differently sized for a large office building in three locations: San Francisco, CA, Boston, MA, and Miami, FL. The economic value is evaluated with respect to annual operation costs and simple payback periods compared to a conventional, separate heat and power system wherein electricity is supplied by a grid and heat is provided by a boiler. Regional utility rates are used to examine regional impacts on the CCHP economic viability. The results show that annual operation costs can be reduced by 0.11 — 0.42 million S/j for San Francisco and Boston whereas increase by 0.16 - 0.29 million f/j for Miami. A larger system can achieve greater cost savings, but an oversized system may lead to undesirable part load utilisation of system components. For San Francisco and Boston, the annual cost savings are mainly attributed to the reduction of the grid electricity use. As a result, simple payback years of 7.5 — 10 years are noted for San Fr and Boston. However, for Miami with relatively expensive natural gas and low grid electricity cost compared to Boston and San Francisco, the annual operation cost increases compared to the conventional system regardless of system sizes, indicating that CCHP systems may not be economically via.
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M3 - Conference contribution
AN - SCOPUS:85071948949
T3 - ASHRAE Transactions
SP - 29
EP - 36
BT - ASHRAE Transactions - 2019 ASHRAE Winter Conference
PB - ASHRAE
T2 - 2019 ASHRAE Winter Conference
Y2 - 12 January 2019 through 16 January 2019
ER -