A LIFETIME TECHNO-ECONOMIC ANALYSIS OF A RESIDENTIAL HYBRID SOLID OXIDE FUEL CELL WATER HEATER

Joseph Elio, Brent B. Skabelund, Ryan J. Milcarek

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Energy efficiency is a common approach to mitigating global climate change by reducing carbon emissions from power generation plants. A hybrid (solid oxide fuel cell integrated) combined heat and power (CHP) water heater has its economic feasibility analyzed herein using techno-economic methods to predict future costs of water heating based on the present value of money and region of the United States. A baseline natural gas fired water heater is selected to determine the economic feasibility of the hybrid system. The lifetime of the solid oxide fuel cell (SOFC) will be considered since there will be additional replacement costs when compared to the baseline water heater. The results show the hybrid water heater is economically viable in certain regions of the United States. For example, the Northeast and South regions of the United States have total savings of $12,854 and $4,100, respectively at the end of the 60 year analysis. Regional hot water demand, utility natural gas and electricity prices, and their historical increase rates, dictate whether the hybrid system is economically viable.

Original languageEnglish (US)
Title of host publicationProceedings of the ASME 2022 Power Conference, Power 2022
PublisherAmerican Society of Mechanical Engineers (ASME)
ISBN (Electronic)9780791885826
DOIs
StatePublished - 2022
EventASME 2022 Power Conference, Power 2022 - Pittsburgh, United States
Duration: Jul 18 2022Jul 19 2022

Publication series

NameAmerican Society of Mechanical Engineers, Power Division (Publication) POWER
Volume2022-July

Conference

ConferenceASME 2022 Power Conference, Power 2022
Country/TerritoryUnited States
CityPittsburgh
Period7/18/227/19/22

Keywords

  • Combined heat and power (CHP)
  • Hybrid hot water heater
  • Solid oxide fuel cell (SOFC)
  • Techno-economics

ASJC Scopus subject areas

  • Mechanical Engineering
  • Energy Engineering and Power Technology

Fingerprint

Dive into the research topics of 'A LIFETIME TECHNO-ECONOMIC ANALYSIS OF A RESIDENTIAL HYBRID SOLID OXIDE FUEL CELL WATER HEATER'. Together they form a unique fingerprint.

Cite this