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Records with Keyword: Technoeconomic Analysis
Maximizing Our Impact: A call for the standardization of techno-economic analyses for sustainable energy systems design research
Thomas A Adams II
July 17, 2019 (v3)
Keywords: eco-Technoeconomic Analysis, Life Cycle Analysis, Standardization, Technoeconomic Analysis
This presentation makes the case for the development of a new ISO standard for conduction eco-technoeconomic analyses (eTEAs) within the field of energy systems engineering and chemical process systems engineering. The talk provides a motivating example of a recent study that showed how standardization of eTEAs made it possible to make fair comparisons between different types of power plants using carbon capture and sequestration by using eTEAs reported in the literature that have been converted to certain standards. That lead to informed decisions which were not possible without standardization methods, because it major variables are controlled such that analyses can focus on the value of the process concept itself rather than external factors like size, financing, and case-specific assumptions. Then, the talk outlines how the proposed ISO standards would work, their goals and scope, examples of standard practices, methods, and assumptions that could be used and what they might look l... [more]
Valorization of Shale Gas Condensate to Liquid Hydrocarbons through Catalytic Dehydrogenation and Oligomerization
Taufik Ridha, Yiru Li, Emre Gençer, Jeffrey J. Siirola, Jeffrey T. Miller, Fabio H. Ribeiro, Rakesh Agrawal
April 8, 2019 (v1)
Keywords: process synthesis and design, shale gas condensate, shale gas condensate-to-heavier liquids, Technoeconomic Analysis
The recent shale gas boom has transformed the energy landscape of the United States. Compared to natural gas, shale resources contain a substantial amount of condensate and natural gas liquids (NGLs). Many shale basin regions located in remote areas are lacking the infrastructure to distribute the extracted NGLs to other regions—particularly the Gulf Coast, a major gas processing region. Here we present a shale gas transformation process that converts NGLs in shale resources into liquid hydrocarbons, which are easier to transport from these remote basins than NGL or its constituents. This process involves catalytic dehydrogenation followed by catalytic oligomerization. Thermodynamic process analysis shows that this process has the potential to be more energy efficient than existing NGL-to-liquid fuel (NTL) technologies. In addition, our estimated payback period for this process is within the average lifetime of shale gas wells. The proposed process holds the promise to be an energy eff... [more]
Finding the Signal in the Noise: Determining North America’s best path forward for sustainable energy
Thomas A Adams II
March 31, 2019 (v2)
Keywords: Calcium Looping, Carbon Dioxide Capture, Chemical Looping, Life Cycle Analysis, Meta-Study, Oxyfuels, Postcombustion Capture, Solid Oxide Fuel Cells, Technoeconomic Analysis
One of the largest engineering challenges of our time is finding technical solutions that permit the use of our energy resources in a sustainable way. In order to achieve meaningful and positive change, new energy systems must adhere to the triple bottom line of sustainability. This means that new technical solutions must be economically, socio-politically, and environmentally sustainable, such that they can be rapidly adopted and accepted. The engineering literature is full of a great many technical proposals for new energy systems, but it turns out to be quite hard to objectively look at them all, see through the hype, and decide which are the best and most promising technologies in which to invest our research and development dollars. In this talk, I will present a case study with the results of our recent meta-study covering over 100 candidate electricity generation systems with carbon dioxide capture, in order to determine which are the most promising classes of technologies. I wi... [more]
Techno-Economic Modeling and Analysis of Redox Flow Battery Systems
Jens Noack, Lars Wietschel, Nataliya Roznyatovskaya, Karsten Pinkwart, Jens Tübke
January 30, 2019 (v1)
Keywords: cost, materials, redox flow battery, Technoeconomic Analysis
A techno-economic model was developed to investigate the influence of components on the system costs of redox flow batteries. Sensitivity analyses were carried out based on an example of a 10 kW/120 kWh vanadium redox flow battery system, and the costs of the individual components were analyzed. Particular consideration was given to the influence of the material costs and resistances of bipolar plates and energy storage media as well as voltages and electric currents. Based on the developed model, it was possible to formulate statements about the targeted optimization of a developed non-commercial vanadium redox flow battery system and general aspects for future developments of redox flow batteries.
Techno-Economic Analysis of Integrating First and Second-Generation Ethanol Production Using Filamentous Fungi: An Industrial Case Study
Karthik Rajendran, Sreevathsava Rajoli, Mohammad J. Taherzadeh
November 27, 2018 (v1)
Subject: Biosystems
Keywords: Ethanol, lignocelluloses, process design, process integration, Technoeconomic Analysis
The 2nd generation plants producing ethanol from lignocelluloses demand risky and high investment costs. This paper presents the energy- and economical evaluations for integrating lignocellulose in current 1st generation dry mill ethanol processes, using filamentous fungi. Dry mills use grains and have mills, liquefactions, saccharifications, fermentation, and distillation to produce ethanol, while their stillage passes centrifugation, and evaporation to recycle the water and dry the cake and evaporated syrup into animal feed. In this work, a bioreactor was considered to cultivate fungi on the stillage either before or after the centrifugation step together with pretreated lignocellulosic wheat bran. The results showed that the integrated 1st and 2nd generation ethanol process requires a capital investment of 77 million USD, which could yield NPV of 162 million USD after 20 years. Compared to the fungal cultivation on thin stillage modified 1st generation process, the integrated proces... [more]
A Model for the Assessment of Different Net-Metering Policies
Georgios C. Christoforidis, Ioannis P. Panapakidis, Theofilos A. Papadopoulos, Grigoris K. Papagiannis, Ioannis Koumparou, Maria Hadjipanayi, George E. Georghiou
November 27, 2018 (v1)
Subject: Energy Policy
Keywords: energy policy, net-metering (NEM), photovoltaics, Technoeconomic Analysis
The photovoltaic market has recently experienced an enormous expansion, mainly due to the generous Feed-in-Tariffs (FiTs) adopted by many countries. However, in the recent years FiTs have been considerably reduced or even disappeared as their role in the PV deployment has ended. One of the alternatives is the Net-Metering (NEM) policy, which has attracted the interest of stakeholders as it provides a basis for the efficient collaboration between generation and the consumption profiles of the consumer. Currently, there is a lack of a universal policy harmonizing the respective legislations of the E.U. member countries. This paper proposes a novel generalized methodology for the techno-economic assessment of different NEM policies in terms of profitability for the prosumer. The methodology is tested in a formulated case study based on the current NEM policy in Greece. The method proposed uses as inputs the averaged load profiles constructed from real measurements collected from 31 consum... [more]
Techno-economic System Analysis for SOFC/GT Hybrid System Accounting for Degradation Effects
Haoxiang Lai, Thomas Adams II
October 30, 2018 (v1)
Keywords: Modeling and simulation, Process design, SOFC/GT Hybrid, Technoeconomic Analysis
Solid oxide fuel cells (SOFCs) produce power with higher efficiency and lower greenhouse gas emission than conventional power production systems such as coal/natural gas power plants. However, a major challenge with SOFCs is that they degrade over time, leading to a short lifetime and limiting their commercialization. When operated in constant power mode—the most common way of baseload power production—the lifetime of an SOFC is as short as around 1.5 years. As an SOFC starts to degrade, the fuel rate and current density must increase in order to compensate and keep power production at a constant level. This compounds the problem by actually increasing the rate of degradation further, resulting in an exponentially increasing degradation rate and therefore a short lifetime.
It has recently been found that by operating the SOFC differently with constant voltage instead of power, the degradation rate can be slowed such that the cell lifetime can be increased to around 13-14 years. In th... [more]
Optimal Component Sizing for Peak Shaving in Battery Energy Storage System for Industrial Applications
Rodrigo Martins, Holger C. Hesse, Johanna Jungbauer, Thomas Vorbuchner, Petr Musilek
September 21, 2018 (v1)
Keywords: Energy Storage, linear programming, battery aging modelling, lithium-ion battery, peak-shaving, Technoeconomic Analysis
Recent attention to industrial peak shaving applications sparked an increased interest in battery energy storage. Batteries provide a fast and high power capability, making them an ideal solution for this task. This work proposes a general framework for sizing of battery energy storage system (BESS) in peak shaving applications. A cost-optimal sizing of the battery and power electronics is derived using linear programming based on local demand and billing scheme. A case study conducted with real-world industrial profiles shows the applicability of the approach as well as the return on investment dependence on the load profile. At the same time, the power flow optimization reveals the best storage operation patterns considering a trade-off between energy purchase, peak-power tariff, and battery aging. This underlines the need for a general mathematical optimization approach to efficiently tackle the challenge of peak shaving using an energy storage system. The case study also compares t... [more]
Effect of Moisture Content on Lignocellulosic Power Generation: Energy, Economic and Environmental Impacts
Karthik Rajendran
July 31, 2018 (v1)
Keywords: energy analysis, life-cycle assessments, lignocellulose, power generation, Technoeconomic Analysis
The moisture content of biomass affects its processing for applications such as electricity or steam. In this study, the effects of variation in moisture content of banagrass and energycane was evaluated using techno-economic analysis and life-cycle assessments. A 25% loss of moisture was assumed as a variation that was achieved by field drying the biomass. Techno-economic analysis revealed that high moisture in the biomass was not economically feasible. Comparing banagrass with energycane, the latter was more economically feasible; thanks to the low moisture and ash content in energycane. About 32 GWh/year of electricity was produced by field drying 60,000 dry MT/year energycane. The investment for different scenarios ranged between $17 million and $22 million. Field-dried energycane was the only economically viable option that recovered the investment after 11 years of operation. This scenario was also more environmentally friendly, releasing 16-gCO₂ equivalent/MJ of electricity prod... [more]
Techno-economic comparison of Acetone-Butanol-Ethanol fermentation using various extractants
Giancarlo Dalle Ave, Thomas A. Adams II
June 12, 2018 (v1)
Keywords: Acetone, Butanol, Cost of CO2 Emissions Avoided, Ethanol, Extraction, Fermentation, Technoeconomic Analysis
This work compares various chemicals for use as extractants in second-generation Acetone-Butanol-Ethanol fermentation on economic and environmental bases. Both non-toxic and toxic extractants are considered in this study. The combinative extractive-distillation separation process was modelled using a combination of Microsoft Excel 2013, MATLAB 2015 and Aspen Plus v8.8. Separation trains were designed and optimized for each extractant to best take advantage of extractant properties. Upstream units considered in this analysis include: biomass (switchgrass) solids processing, biomass pre-treatment and saccharification, and fermentation. Downstream processes considered include utility generation and wastewater treatment. The cost of CO2 equivalent emissions avoided (CCA) was used as the metric to compare the environmental impact of each process as compared to conventional petroleum-based gasoline. The economic and environmental best extractant is shown to be 2-ethyl-hexanol with a minimum... [more]
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