The Journal of Engineering (Sep 2021)

On the use of techno‐economic evaluation on typical integrated energy technologies matching different companies

  • Zhenyu Wang,
  • Linjuan Zhang,
  • Cheng Jiang,
  • Chupeng Xiao,
  • Lili Wang,
  • Wenbo Hu,
  • Meng Yu

DOI
https://doi.org/10.1049/tje2.12053
Journal volume & issue
Vol. 2021, no. 9
pp. 534 – 540

Abstract

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Abstract This paper mainly establishes the cost‐benefit model for techno‐economic evaluation on typical integrated energy technologies matching different companies including photovoltaic, electric heat storage, ground source heat pump etc. The techno‐economic evaluation indicators such as net present value, investment payback period, and financial internal rate of return are considered. The proposed evaluation method is applied to separately analyze two real companies such as poultry and wood industry to conduct integrated energy technology matching, and then to analyze whether the configuration plan is feasible. The energy consumption and nature of the two enterprises are different, and the matched integrated energy technologies and the corresponding magnitudes are different. The results of the real case analyses show that the use of integrated energy technology will improve energy efficiency and reduce the energy costs.

Keywords