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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

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  • 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
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    References listed on IDEAS

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    Cited by:

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    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.
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    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.

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