IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v12y2019i24p4788-d298383.html
   My bibliography  Save this article

Profitability Analysis and Capital Cost Estimation of a Thermochemical Energy Storage System Utilizing Fluidized Bed Reactors and the Reaction System MgO/Mg(OH) 2

Author

Listed:
  • Stylianos Flegkas

    (Institute for Energy Systems and Thermodynamics, TU Wien, Getreidemarkt 9, A-1060 Vienna, Austria)

  • Felix Birkelbach

    (Institute for Energy Systems and Thermodynamics, TU Wien, Getreidemarkt 9, A-1060 Vienna, Austria)

  • Franz Winter

    (Institute of Chemical, Environmental and Bioscience Engineering, TU Wien, Getreidemarkt 9, A-1060 Vienna, Austria)

  • Hans Groenewold

    (AMMAG GmbH, Dahlienstraße 11, A-4623 Gunskirchen, Austria)

  • Andreas Werner

    (Institute for Energy Systems and Thermodynamics, TU Wien, Getreidemarkt 9, A-1060 Vienna, Austria)

Abstract

The storage of industrial waste heat through thermochemical energy storage (TCES) shows high potential to reduce the dependency on fossil fuels. In this paper the capital cost investment of a TCES system utilizing fluidized bed reactors and the reaction system MgO/Mg(OH) 2 is estimated and a profitability analysis is performed. The study estimate is based on a simulation study that considers the mass and energy balance of the proposed preliminary heat storage and release processes utilizing fluidized bed reactors. Furthermore, transport, operation and maintenance as well as utility costs were estimated in order to evaluate the profitability of the system. It is concluded that for the selected boundary conditions, the specific investment costs per kW stored heat are approximately 900 €/kW and that the systems should not be installed at sites where less than around 5 MW of waste heat are available. Finally, a sensitivity analysis was conducted, to identify the key process and economic parameters critical for a positive net present value.

Suggested Citation

  • Stylianos Flegkas & Felix Birkelbach & Franz Winter & Hans Groenewold & Andreas Werner, 2019. "Profitability Analysis and Capital Cost Estimation of a Thermochemical Energy Storage System Utilizing Fluidized Bed Reactors and the Reaction System MgO/Mg(OH) 2," Energies, MDPI, vol. 12(24), pages 1-16, December.
  • Handle: RePEc:gam:jeners:v:12:y:2019:i:24:p:4788-:d:298383
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/12/24/4788/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/12/24/4788/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Cot-Gores, Jaume & Castell, Albert & Cabeza, Luisa F., 2012. "Thermochemical energy storage and conversion: A-state-of-the-art review of the experimental research under practical conditions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5207-5224.
    2. André, Laurie & Abanades, Stéphane & Flamant, Gilles, 2016. "Screening of thermochemical systems based on solid-gas reversible reactions for high temperature solar thermal energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 703-715.
    3. Forman, Clemens & Muritala, Ibrahim Kolawole & Pardemann, Robert & Meyer, Bernd, 2016. "Estimating the global waste heat potential," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1568-1579.
    4. Flegkas, S. & Birkelbach, F. & Winter, F. & Freiberger, N. & Werner, A., 2018. "Fluidized bed reactors for solid-gas thermochemical energy storage concepts - Modelling and process limitations," Energy, Elsevier, vol. 143(C), pages 615-623.
    5. Aydin, Devrim & Casey, Sean P. & Riffat, Saffa, 2015. "The latest advancements on thermochemical heat storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 356-367.
    6. Shkatulov, Alexandr & Ryu, Junichi & Kato, Yukitaka & Aristov, Yury, 2012. "Composite material “Mg(OH)2/vermiculite”: A promising new candidate for storage of middle temperature heat," Energy, Elsevier, vol. 44(1), pages 1028-1034.
    7. Yan, T. & Wang, R.Z. & Li, T.X. & Wang, L.W. & Fred, Ishugah T., 2015. "A review of promising candidate reactions for chemical heat storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 13-31.
    8. Alva, Guruprasad & Lin, Yaxue & Fang, Guiyin, 2018. "An overview of thermal energy storage systems," Energy, Elsevier, vol. 144(C), pages 341-378.
    9. Prieto, Cristina & Cooper, Patrick & Fernández, A. Inés & Cabeza, Luisa F., 2016. "Review of technology: Thermochemical energy storage for concentrated solar power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 909-929.
    10. Mastronardo, E. & Bonaccorsi, L. & Kato, Y. & Piperopoulos, E. & Milone, C., 2016. "Efficiency improvement of heat storage materials for MgO/H2O/Mg(OH)2 chemical heat pumps," Applied Energy, Elsevier, vol. 162(C), pages 31-39.
    11. Pan, Z.H. & Zhao, C.Y., 2017. "Gas–solid thermochemical heat storage reactors for high-temperature applications," Energy, Elsevier, vol. 130(C), pages 155-173.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Laurie André & Stéphane Abanades, 2020. "Recent Advances in Thermochemical Energy Storage via Solid–Gas Reversible Reactions at High Temperature," Energies, MDPI, vol. 13(22), pages 1-23, November.
    2. Dawid Chudy & Adam Leśniak, 2021. "Advantages of Applying Large-Scale Energy Storage for Load-Generation Balancing," Energies, MDPI, vol. 14(11), pages 1-17, May.
    3. Michela Lanchi & Luca Turchetti & Salvatore Sau & Raffaele Liberatore & Stefano Cerbelli & Maria Anna Murmura & Maria Cristina Annesini, 2020. "A Discussion of Possible Approaches to the Integration of Thermochemical Storage Systems in Concentrating Solar Power Plants," Energies, MDPI, vol. 13(18), pages 1-26, September.
    4. Kamonrat Suksumrit & Sascha Kleiber & Susanne Lux, 2023. "The Role of Carbonate Formation during CO 2 Hydrogenation over MgO-Supported Catalysts: A Review on Methane and Methanol Synthesis," Energies, MDPI, vol. 16(7), pages 1-29, March.
    5. Justyna Franc-Dąbrowska & Magdalena Mądra-Sawicka & Anna Milewska, 2021. "Energy Sector Risk and Cost of Capital Assessment—Companies and Investors Perspective," Energies, MDPI, vol. 14(6), pages 1-20, March.
    6. Anti Kur & Jo Darkwa & John Calautit & Rabah Boukhanouf & Mark Worall, 2023. "Solid–Gas Thermochemical Energy Storage Materials and Reactors for Low to High-Temperature Applications: A Concise Review," Energies, MDPI, vol. 16(2), pages 1-35, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Flegkas, S. & Birkelbach, F. & Winter, F. & Freiberger, N. & Werner, A., 2018. "Fluidized bed reactors for solid-gas thermochemical energy storage concepts - Modelling and process limitations," Energy, Elsevier, vol. 143(C), pages 615-623.
    2. Sunku Prasad, J. & Muthukumar, P. & Desai, Fenil & Basu, Dipankar N. & Rahman, Muhammad M., 2019. "A critical review of high-temperature reversible thermochemical energy storage systems," Applied Energy, Elsevier, vol. 254(C).
    3. Yi Yuan & Yingjie Li & Jianli Zhao, 2018. "Development on Thermochemical Energy Storage Based on CaO-Based Materials: A Review," Sustainability, MDPI, vol. 10(8), pages 1-24, July.
    4. Dizaji, Hossein Beidaghy & Hosseini, Hannaneh, 2018. "A review of material screening in pure and mixed-metal oxide thermochemical energy storage (TCES) systems for concentrated solar power (CSP) applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 98(C), pages 9-26.
    5. Pelay, Ugo & Luo, Lingai & Fan, Yilin & Stitou, Driss & Castelain, Cathy, 2019. "Integration of a thermochemical energy storage system in a Rankine cycle driven by concentrating solar power: Energy and exergy analyses," Energy, Elsevier, vol. 167(C), pages 498-510.
    6. Pelay, Ugo & Luo, Lingai & Fan, Yilin & Stitou, Driss & Rood, Mark, 2017. "Thermal energy storage systems for concentrated solar power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 82-100.
    7. Böhm, Hans & Lindorfer, Johannes, 2019. "Techno-economic assessment of seasonal heat storage in district heating with thermochemical materials," Energy, Elsevier, vol. 179(C), pages 1246-1264.
    8. Emanuela Mastronardo & Yukitaka Kato & Lucio Bonaccorsi & Elpida Piperopoulos & Candida Milone, 2017. "Thermochemical Storage of Middle Temperature Wasted Heat by Functionalized C/Mg(OH) 2 Hybrid Materials," Energies, MDPI, vol. 10(1), pages 1-16, January.
    9. Yan, T. & Wang, R.Z. & Li, T.X., 2018. "Experimental investigation on thermochemical heat storage using manganese chloride/ammonia," Energy, Elsevier, vol. 143(C), pages 562-574.
    10. Kuznik, Frédéric & Johannes, Kevyn & Obrecht, Christian & David, Damien, 2018. "A review on recent developments in physisorption thermal energy storage for building applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 576-586.
    11. Müller, Danny & Knoll, Christian & Gravogl, Georg & Artner, Werner & Welch, Jan M. & Eitenberger, Elisabeth & Friedbacher, Gernot & Schreiner, Manfred & Harasek, Michael & Hradil, Klaudia & Werner, An, 2019. "Tuning the performance of MgO for thermochemical energy storage by dehydration – From fundamentals to phase impurities," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    12. Mastronardo, E. & Bonaccorsi, L. & Kato, Y. & Piperopoulos, E. & Lanza, M. & Milone, C., 2016. "Thermochemical performance of carbon nanotubes based hybrid materials for MgO/H2O/Mg(OH)2 chemical heat pumps," Applied Energy, Elsevier, vol. 181(C), pages 232-243.
    13. Xu, Y.X. & Yan, J. & Zhao, C.Y., 2022. "Investigation on application temperature zone and exergy loss regulation based on MgCO3/MgO thermochemical heat storage and release process," Energy, Elsevier, vol. 239(PC).
    14. Gravogl, Georg & Knoll, Christian & Artner, Werner & Welch, Jan M. & Eitenberger, Elisabeth & Friedbacher, Gernot & Harasek, Michael & Hradil, Klaudia & Werner, Andreas & Weinberger, Peter & Müller, D, 2019. "Pressure effects on the carbonation of MeO (Me = Co, Mn, Pb, Zn) for thermochemical energy storage," Applied Energy, Elsevier, vol. 252(C), pages 1-1.
    15. Cabeza, Luisa F. & Solé, Aran & Barreneche, Camila, 2017. "Review on sorption materials and technologies for heat pumps and thermal energy storage," Renewable Energy, Elsevier, vol. 110(C), pages 3-39.
    16. Scapino, Luca & Zondag, Herbert A. & Van Bael, Johan & Diriken, Jan & Rindt, Camilo C.M., 2017. "Sorption heat storage for long-term low-temperature applications: A review on the advancements at material and prototype scale," Applied Energy, Elsevier, vol. 190(C), pages 920-948.
    17. Mikos-Nuszkiewicz, Natalia & Furmański, Piotr & Łapka, Piotr, 2023. "A mathematical model of charging and discharging processes in a thermochemical energy storage reactor using the hydrated potassium carbonate as a thermochemical material," Energy, Elsevier, vol. 263(PA).
    18. Takuya Hatakeyama & Norihiko L. Okamoto & Satoshi Otake & Hiroaki Sato & Hongyi Li & Tetsu Ichitsubo, 2022. "Excellently balanced water-intercalation-type heat-storage oxide," Nature Communications, Nature, vol. 13(1), pages 1-9, December.
    19. Mehari, Abel & Xu, Z.Y. & Wang, R.Z., 2019. "Thermally-pressurized sorption heat storage cycle with low charging temperature," Energy, Elsevier, vol. 189(C).
    20. Schmidt, Matthias & Linder, Marc, 2017. "Power generation based on the Ca(OH)2/ CaO thermochemical storage system – Experimental investigation of discharge operation modes in lab scale and corresponding conceptual process design," Applied Energy, Elsevier, vol. 203(C), pages 594-607.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:12:y:2019:i:24:p:4788-:d:298383. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.