Techno-Economic Analysis of a PV-Battery System for a Commercial Building Under Different Utility Rate Structures

2018 ◽  
Author(s):  
Anupam Raj ◽  
T. Agami Reddy
Keyword(s):  
Economic Analysis ◽  
Net Present Value ◽  
Electricity Demand ◽  
Commercial Building ◽  
Battery Storage ◽  
Pv System ◽  
Pv Systems ◽  
Battery Packs ◽  
Utility Rate ◽  
The Cost

The synergy between solar photovoltaic (PV) systems and behind-the-meter battery storage to reduce utility costs in buildings has drawn increasing attention. This paper presents results of a case study involving an economic analysis of battery-supported PV systems for an existing two-story commercial building in Albuquerque, New Mexico under different utility rate tariffs. The building, with 17,430 ft2 conditioned area, has been modeled in a detailed building energy simulation program, and hourly building electricity demand data and electricity demand generated using Typical Meteorological Year 2 (TMY2) weather file. The effect of strategies leading to demand leveling and demand limiting have also been discussed. Parametric analysis using System Advisor Model (SAM) software has been performed to determine the optimal sizing of the PV and battery systems for the given electric demand profiles under the assumed utility rate tariffs which will result in largest net present value (NPV). The results have been found to be highly sensitive to the costs of the PV systems and battery packs. Under the assumed realistic circumstances, we find that the inclusion of a battery pack in either a new or existing PV system does not improve the NPV even when the cost of battery storage is reduced from its current $250/kWh down to an unrealistic $50/kWh.

scholarly journals Economic Analysis of the Use of VCS2000 for Pork Carcass Meat Yield Grading in Korea

Animals ◽  
2021 ◽  
Vol 11 (5) ◽  
pp. 1297
Author(s):  
Juntae Kim ◽  
Hyo-Dong Han ◽  
Wang Yeol Lee ◽  
Collins Wakholi ◽  
Jayoung Lee ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Net Present Value ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Feed Consumption ◽  
Cost Ratio ◽  
Benefit Analysis ◽  
Labor Costs ◽  
Meat Yield ◽  
The Cost

Currently, the pork industry is incorporating in-line automation with the aim of increasing the slaughtered pork carcass throughput while monitoring quality and safety. In Korea, 21 parameters (such as back-fat thickness and carcass weight) are used for quality grading of pork carcasses. Recently, the VCS2000 system—an automatic meat yield grading machine system—was introduced to enhance grading efficiency and therefore increase pork carcass production. The VCS2000 system is able to predict pork carcass yield based on image analysis. This study also conducted an economic analysis of the system using a cost—benefit analysis. The subsection items of the cost-benefit analysis considered were net present value (NPV), internal rate of return (IRR), and benefit/cost ratio (BC ratio), and each method was verified through sensitivity analysis. For our analysis, the benefits were grouped into three categories: the benefits of reducing labor costs, the benefits of improving meat yield production, and the benefits of reducing pig feed consumption through optimization. The cost-benefit analysis of the system resulted in an NPV of approximately 615.6 million Korean won, an IRR of 13.52%, and a B/C ratio of 1.65.

scholarly journals DC-link sensorless control strategy for grid-connected PV systems

2021 ◽  
Author(s):  
Mostafa Ahmed ◽  
Mohamed Abdelrahem ◽  
Ahmed Farhan ◽  
Ibrahim Harbi ◽  
Ralph Kennel
Keyword(s):  
Sensorless Control ◽  
Current Loop ◽  
Sensor Failure ◽  
Atmospheric Conditions ◽  
Step Size ◽  
Pv System ◽  
Control Approach ◽  
Control Loops ◽  
Pv Systems ◽  
The Cost

AbstractSensorless strategies become very popular in modern control techniques because they increase the system reliability. Besides, they can be used as back-up control in case of sensor failure. In this paper, a DC-link sensorless control approach is developed, which is suited for grid-connected PV systems. The studied system is a two-stage PV scheme, where the DC–DC stage (boost converter) is controlled using an adaptive step-size perturb and observe (P&O) method. Further, the inverter control is accomplished by voltage oriented control (VOC). Generally, the VOC is implemented with two cascaded control loops, namely an outer voltage loop and an inner current loop. However, in this work, the outer loop is avoided and the reference current is generated using a losses model for the system. The losses model accounts for the most significant losses in the PV system. Moreover, particle swarm optimization (PSO) is utilized to compensate for the unmodeled losses. The PSO is executed offline for the purpose of calculation burden reduction. The proposed approach simplifies the cascaded VOC strategy and eliminates the DC-link voltage sensor, which in turn decreases the cost of the system. Finally, the proposed technique is compared with the conventional one at different atmospheric conditions and validated using MATLAB simulation results.

Business Development and Environmental Impact in the Solar (PV) Field

2017 ◽  
pp. 44-84
Keyword(s):  
Economic Analysis ◽  
Financial Incentives ◽  
Investment Decision ◽  
Business Environment ◽  
Business Development ◽  
Point Of View ◽  
Pv System ◽  
Investment Projects ◽  
Electricity Cost ◽  
The Cost

The techno-economic analysis of a PV system is designed to measure the viability of the designed system from an economical and technological point of view assuming some specific environmental conditions. In this research, for the techno-economic analysis of PV system the authors are focused on four general categories of factors which are highly influential on the investment decision in this field. These are the PV system costs, the electricity cost, the sunlight and other environmental characteristics and the financial incentives. Each of this factors is analyzed in order to understand and evaluate the general conditions that influence the decision in the photovoltaic business. The methodology that is used for explaining the real business environment in PV field and the main indicators that can estimate the investment profitability is the case study related to formal opportunities for developing PV investment projects in Romania. The investors in PV field have to understand the life cycle of a PV system that can give an overlook of the cost reduction opportunities and also make them sensible to the decommissioning phase of such an investment. For future investments in the PV field in Europe the authors identified and analyzed the main factors that characterize the PV business development in the next period.

scholarly journals VIABILIDADE ECONÔMICA DA PRODUÇÃO DE CARVÃO VEGETAL EM DOIS SISTEMAS PRODUTIVOS

FLORESTA ◽  
2014 ◽  
Vol 44 (1) ◽  
pp. 143 ◽  
Author(s):  
Aylson Costa Oliveira ◽  
Thiago Taglialegna Salles ◽  
Bárbara Luísa Corradi Pereira ◽  
Angélica De Cássia Oliveira Carneiro ◽  
Camila Soares Braga ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Net Present Value ◽  
Production Systems ◽  
Planning Horizon ◽  
Economic Viability ◽  
Present Value ◽  
Charcoal Production ◽  
Average Annual Production ◽  
The Cost ◽  
Benefit Cost

O objetivo deste trabalho foi analisar a viabilidade econômica da produção de carvão vegetal em dois sistemas produtivos: oito fornos de superfície acoplados a uma fornalha para queima de gases e dez fornos do tipo “rabo-quente” sem sistema de queima de gases. Para análise econômica, definiu-se uma produção anual média igual a 1.571 metros cúbicos de carvão (mdc) e horizonte de planejamento de 12 anos, sendo propostos 2 cenários. No primeiro cenário, após a colheita da madeira, realiza-se o plantio de uma nova floresta, permanecendo o custo da madeira constante em todo o planejamento; no segundo cenário, após a colheita, considerou-se a condução da brotação, reduzindo os custos na 2ª rotação e consequentemente os custos da madeira. A análise econômica foi realizada através da determinação dos seguintes indicadores: Valor Presente Líquido (VPL), Valor Anual Equivalente (VAE), Razão Benefício/Custo (B/C) e Lucratividade. Os indicadores calculados demonstraram a viabilidade dos dois sistemas produtivos avaliados em ambos os cenários propostos, porém o sistema fornos-fornalha apresentou melhores valores para os indicadores. Conclui-se que a produção de carvão vegetal nos sistemas avaliados foram viáveis economicamente, com o sistema fornos-fornalha gerando maior lucro ao produtor de carvão.Palavras-chave: Fornos de alvenaria; análise determinística; valor presente líquido. Abstract Economic viability of charcoal production in two production systems. The objective of this study was to analyze the economic viability of charcoal production in two conversion technologies: eight surface kilns coupled to a furnace for burning gases (kilns-furnace system) and ten "rabo-quente" or traditional charcoal kilns without burning gases system. An average annual production of 1571 cubic meters of charcoal (mdc) was used to perform the economic analysis. A planning horizon of 12 years and two scenarios were proposed. In the first scenario, after harvesting the wood, the planting of a new forest was performed, and the cost of wood remained constant throughout the planning horizon. In the second scenario, after the harvest, the conduction of shooting was considered, which reduced costs in the second rotation and consequently the cost of wood. The economic analysis was performed by determining the following indicators: Net Present Value (NPV), Equivalent Annual Value (EAV) and Benefit - Cost Reason (B/C). Calculated indicators demonstrated the viability of producing charcoal in the two production systems in both scenarios proposed, but kilns-furnace system presented better values. As conclusion, production of charcoal in the evaluated systems were economically viable. Kilns-furnace system was able to generate more profit to charcoal producer.Keywords: Kilns; deterministic analysis; net present value.

Economic and Environmental Assessments of Two Installation Types of Photovoltaic Systems in Shanghai

2014 ◽  
Vol 672-674 ◽  
pp. 44-47
Author(s):  
Xin Fang Wu ◽  
Yong Sheng Liu ◽  
Juan Xu ◽  
Xiao Dong Si ◽  
Wei Lei ◽  
...  
Keyword(s):  
Net Present Value ◽  
Environmental Benefit ◽  
Pv System ◽  
Pv Systems ◽  
Energy Payback ◽  
Payback Time ◽  
Energy Payback Time ◽  
Negative Impacts ◽  
Investment Subsidy ◽  
Electricity Tariff

This paper mainly analyses a BAPV system of 3kWp and a BIPV system of 10 kWp in Shanghai, China. Net present value (NPV) and the payback time (Pd) as the parameters to determine the profitability of the system based on some actual measured data. As there are two subsidy policies in China, including the initial investment subsidy and PV electricity tariff subsidy. The variations of NPV and Pdwith the initial investment subsidy and PV electricity tariff subsidy are researched. Analysis results indicate both the systems have a good economic benefit. Since the manufacturing, utilization and recycling periods of PV systems can lead to negative impacts on the environment. Environmental impacts by both the systems are also evaluated in this paper by the energy payback time (EPBT) and greenhouse-gas payback time (GPBT). Results show both the systems have a good environmental benefit, PV technology and PV system are sustainable.

A Novelty Control Strategy for the Photovoltaic Supercapacitor and Battery Hybrids Storage System

2011 ◽  
Vol 301-303 ◽  
pp. 1522-1527
Author(s):  
Yi Yuan ◽  
Mohamed Machmoum ◽  
Salvy Bourguet ◽  
Nicolas Amelon
Keyword(s):  
Control Strategy ◽  
Storage System ◽  
Pv System ◽  
Photovoltaic Panel ◽  
Pv Systems ◽  
Power Product ◽  
Pv Panel ◽  
The Cost ◽  
Large Burst ◽  
Reasonable Energy

Most photovoltaic (PV) systems can supply continuous energy by using storage applications. Generally, the battery is employed for finishing this aim. The expense of the battery occupies a large part in the whole PV system. However, the constant variations of both photovoltaic panel power product and load power demand reduce the life of the battery. At the same time, for providing several large burst power demands generated by the motor based application startup, the sizing of battery should be enlarged. Both of them increase the cost of the PV system. Therefore, supercapacitor is integrated into this system. With a reasonable energy control strategy among the PV panel, supercapacitor and battery, the battery’s life could be prolonged and its size can be reduced. A PV system with hybrid storage applications is established in the Matlab/Simulink. Two different loads and weather situations are used to prove the efficiency of this control strategy.

scholarly journals Designing of an off-grid Photovoltaic system with battery storage for remote location

TECCIENCIA ◽  
2021 ◽  
Vol 16 (31) ◽  
pp. 15-28
Author(s):  
Asad A. Naqvi ◽  
Talha Bin Nadeem ◽  
Ahsan Ahmed ◽  
Asad Ali Zaidi
Keyword(s):  
Energy Demand ◽  
Net Present Value ◽  
Energy Requirement ◽  
Maximum Energy ◽  
Environmental Benefits ◽  
Photovoltaic System ◽  
Solar Irradiation ◽  
Battery Storage ◽  
Pv System ◽  
Battery Capacity

Off-grid Photovoltaic (PV) system along with battery storage is very effective solution for electrification in remote areas. However, battery capacity selection is the most challenging task in system designing. In this study, an off-grid PV system along with battery storage is designed for the remote area of Karachi, Pakistan. The system is designed by considering the maximum energy requirement in summer season. The battery storage is selected to fulfill the energy demand during the night and cloudy seasons. On the basis of load, a total of 6 kW system is required to fulfill the energy demand. For such system, 925 Ah of battery is required to meet the energy requirement for a day in absence of solar irradiation. A regression-based correlation between battery capacity and energy demand is prepared for suitable battery sizing using Minitab. An economic analysis of the project is also carried out from which a net present value and simple payback are determined as USD 10,348 and 3 years, respectively. The environmental benefits are also been determined. It is found that the system will reduce around 7.32 tons of CO2 per annum which corresponds to the 183.69 tons of CO2 not produced in the entire project life.

scholarly journals Solar Photovoltaic Panels Combined with Energy Storage in a Residential Building: An Economic Analysis

2018 ◽  
Vol 10 (9) ◽  
pp. 3117 ◽  
Author(s):  
Federica Cucchiella ◽  
Idiano D’Adamo ◽  
Massimo Gastaldi ◽  
Vincenzo Stornelli
Keyword(s):  
Energy Storage ◽  
Net Present Value ◽  
Storage System ◽  
Residential Building ◽  
Weather Conditions ◽  
Energy Storage System ◽  
Economic Feasibility ◽  
Pv System ◽  
Pv Systems ◽  
Profitability Analysis

Renewable energy is a wide topic in environmental engineering and management science. Photovoltaic (PV) power has had great interest and growth in recent years. The energy produced by the PV system is intermittent and it depends on the weather conditions, presenting lower levels of production than other renewable resources (RESs). The economic feasibility of PV systems is linked typically to the share of self-consumption in a developed market and consequently, energy storage system (ESS) can be a solution to increase this share. This paper proposes an economic feasibility of residential lead-acid ESS combined with PV panels and the assumptions at which these systems become economically viable. The profitability analysis is conducted on the base of the Discounted Cash Flow (DCF) method and the index used is Net Present Value (NPV). The analysis evaluates several scenarios concerning a 3-kW plant located in a residential building in a PV developed market (Italy). It is determined by combinations of the following critical variables: levels of insolation, electricity purchase prices, electricity sales prices, investment costs of PV systems, specific tax deduction of PV systems, size of batteries, investment costs of ESS, lifetime of a battery, increases of self-consumption following the adoption of an ESS, and subsidies of ESS. Results show that the increase of the share of self-consumption is the main critical variable and consequently, the break-even point (BEP) analysis defines the case-studies in which the profitability is verified.

scholarly journals The reliability and economic analysis of rainwater harvesting system for commercial building with large rooftop area

2021 ◽  
Author(s):  
Mohamad Ali Fulazzaky ◽  
Achmad Syafiuddin ◽  
Martin Roestamy ◽  
Zulkifli Yusop ◽  
Jonbi Jonbi ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Net Present Value ◽  
Rainwater Harvesting ◽  
Supply And Demand ◽  
Water Source ◽  
Building Design ◽  
Cost Ratio ◽  
Optimal Management ◽  
Commercial Building ◽  
Water Shortages

Abstract The problem of water shortages faced by many countries including the country that having sufficient water source needs to be provided a practical engineering solution. The reliability analysis of rainwater harvesting system (RWHS) installed at the commercial building of AEON Taman Universiti located in Johor Barhu city of Malaysia was based on the rainfall pattern, rainwater use and rainwater storage tank. The economic analysis using the net present value (NPV), return on investment (ROI) and benefit-cost ratio (BCR) was performed to assess the optimal management of RWHS installed during the period of construction and retrofitted after the operation of commercial building. The results showed that the balance of water supply and demand is reliable to implement the RWHS and the optimal management of 1000-m3 RWHS tank installed during the construction could be more promising than that retrofitted after the operation of AEON Taman Universiti commercial building. The operation of RWHS installed during the construction of building is obviously more feasible due to the values of NPV, ROI and BCR tend to be high. The reliability and economic analysis of RWHS installed during construction and that retrofitted after operation of commercial building demonstrated the benefit of RWHS installation will contribute to the future of building design for achieving an effective water management.

Life cycle economic analysis of stand-alone solar pv system in India – a relative study

2015 ◽  
Vol 12 (1) ◽  
pp. 37-44 ◽  
Author(s):  
Soumya Das ◽  
Pradip K Sadhu ◽  
Suprava Chakraborty ◽  
Malayendu Saha ◽  
Moumita Sadhu
Keyword(s):  
Life Cycle ◽  
Economic Analysis ◽  
Direct Access ◽  
Local Market ◽  
Solar Pv ◽  
Pv System ◽  
Remote Areas ◽  
Energy Technologies ◽  
Present Worth ◽  
The Cost

In this paper, life cycle economic analysis (LCEA) of stand-alone solar photovoltaic (PV) modules is performed. It is tested for their commercial prospects in remote regions of India, which do not have a direct access of grid supply. Availability of grid supply depends on the population density. Solar PV technology is one of the first among several renewable energy technologies that have been adopted worldwide for meeting the basic needs of generation of electricity particularly in remote areas. Overall lifetime expenditures related to the power projects are analyzed and compared with the help of net present worth (NPW) theory. In the context of a developing country like India, it is found that the cost effectiveness of conventional or ‘green’ power driven sources depends on kW rating of generators and daily demand of consumers. The demand coverage, which would determine the commercial viability of renewable and non-renewable sources is calculated considering the practical power rating of generators available in the local market. This study is intended to assist planning of financial matters with regard to installing small to medium scale electric power generation using solar PV module in remote areas of India.

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