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Financial analysis of an installed multiunit seasonal thermal energy store

Colclough, Shane, Hewitt, Neil and Griffiths, Philip (2017) Financial analysis of an installed multiunit seasonal thermal energy store. In: BIRES Proceedings. (Eds: Kalogirou, Soteris A. and Kennedy, David), Dublin Institute of Technology, Dublin, pp. 1-8. ISBN 978-9963-697-23-6 [Book section]

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URL: http://web.cut.ac.cy/cost1/wp-content/uploads/sites/13/2017/03/70..pdf

Abstract

The financial viability of a solar Seasonal Thermal Energy Store (STES) installed in a mixed commercial and residential multiunit development of low-energy buildings located in Lysekil, Sweden, a maritime Scandinavian Climate has been investigated. Using recorded figures for the installation costs and performance, a financial Life Cycle Analysis has been undertaken to determine the cost effectiveness of the system.The time value of money is considered and a Life Cycle Cost (LCC) analysis undertaken to identify the cost-effectiveness of the solution. It shows that while a direct heating and hot water system incorporating STES can be economically viable in a Swedish Maritime Climate in the long term, assistance such as that provided by government incentives is required to assist with the high capital cost of the initial investment.

Item Type:Book section
Keywords:financial analysis, STES, Energy storage, Solar energy
Faculties and Schools:Faculty of Art, Design and the Built Environment
Faculty of Art, Design and the Built Environment > School of the Built Environment
Research Institutes and Groups:Built Environment Research Institute > Centre for Sustainable Technologies (CST)
Built Environment Research Institute
ID Code:37341
Deposited By: Dr Shane Colclough
Deposited On:03 Apr 2017 13:21
Last Modified:17 Oct 2017 16:28

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