TY - GEN
T1 - A LIFETIME TECHNO-ECONOMIC ANALYSIS OF A RESIDENTIAL HYBRID SOLID OXIDE FUEL CELL WATER HEATER
AU - Elio, Joseph
AU - Skabelund, Brent B.
AU - Milcarek, Ryan J.
N1 - Publisher Copyright:
Copyright © 2022 by ASME.
PY - 2022
Y1 - 2022
N2 - 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.
AB - 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.
KW - Combined heat and power (CHP)
KW - Hybrid hot water heater
KW - Solid oxide fuel cell (SOFC)
KW - Techno-economics
UR - http://www.scopus.com/inward/record.url?scp=85144261137&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85144261137&partnerID=8YFLogxK
U2 - 10.1115/POWER2022-83711
DO - 10.1115/POWER2022-83711
M3 - Conference contribution
AN - SCOPUS:85144261137
T3 - American Society of Mechanical Engineers, Power Division (Publication) POWER
BT - Proceedings of the ASME 2022 Power Conference, Power 2022
PB - American Society of Mechanical Engineers (ASME)
T2 - ASME 2022 Power Conference, Power 2022
Y2 - 18 July 2022 through 19 July 2022
ER -