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Optimal deployment of thermal energy storage under diverse economic and climate conditions

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  • DeForest, Nicholas
  • Mendes, Gonçalo
  • Stadler, Michael
  • Feng, Wei
  • Lai, Judy
  • Marnay, Chris

Abstract

This paper presents an investigation of the economic benefit of thermal energy storage (TES) for cooling, across a range of economic and climate conditions. Chilled water TES systems are simulated for a large office building in four distinct locations, Miami in the U.S.; Lisbon, Portugal; Shanghai, China; and Mumbai, India. Optimal system size and operating schedules are determined using the optimization model DER-CAM, such that total cost, including electricity and amortized capital costs are minimized. The economic impacts of each optimized TES system is then compared to systems sized using a simple heuristic method, which bases system size as fraction (50% and 100%) of total daily on-peak summer cooling loads.

Suggested Citation

  • DeForest, Nicholas & Mendes, Gonçalo & Stadler, Michael & Feng, Wei & Lai, Judy & Marnay, Chris, 2014. "Optimal deployment of thermal energy storage under diverse economic and climate conditions," Applied Energy, Elsevier, vol. 119(C), pages 488-496.
    • Handle: RePEc:eee:appene:v:119:y:2014:i:c:p:488-496
    DOI: 10.1016/j.apenergy.2014.01.047
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    13. Luerssen, Christoph & Verbois, Hadrien & Gandhi, Oktoviano & Reindl, Thomas & Sekhar, Chandra & Cheong, David, 2021. "Global sensitivity and uncertainty analysis of the levelised cost of storage (LCOS) for solar-PV-powered cooling," Applied Energy, Elsevier, vol. 286(C).
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    15. Ruan, Yingjun & Liu, Qingrong & Li, Zhengwei & Wu, Jiazheng, 2016. "Optimization and analysis of Building Combined Cooling, Heating and Power (BCHP) plants with chilled ice thermal storage system," Applied Energy, Elsevier, vol. 179(C), pages 738-754.
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