Show sufficient work You are required to submit a report that explains with sufficient level of detail how the results are obtained. Also, you need to submit your codes (if any). Everything should be submitted on BB in a single zipped file. Data Consider the following fuel cell options: Type Capacity Investment Cost (kW) A 250 B 100 ($/kW) 4000 2500 Operating Energy Lifetime Conversion (hours) (kWh/kgH2) (%) 60,000 50,000 Eff. H2 Fixed Cost O&M Cost ($/kgH2) ($/kW-year) 60 60 33.3 5 40 90 The peak load of the existing system (i.e. year 0) and the next 4 years is expected to be 500 kW. The discount rate is taken to be 6%. The salvage value (before discounting), SV, is modeled using the following formula: SV Inv* (1-a), where PW is the investment cost of the asset, α = 25% is the depreciation rate, and N is the number of years the FC has been in service. Requirements You are required to devise a 5-year plan (years 0-4) (i.e. determine the number and type of fuel cells (FC) that needs to be installed each year such that the levelized cost of energy (LCOE) in $/kWh is minimized and all constraints are met. Also, determine the corresponding LCOE). Consider the following two cases: a. Consider the load to be flat throughout the year at the peak load level. b. Consider the load to have a load factor of 52%.
Show sufficient work You are required to submit a report that explains with sufficient level of detail how the results are obtained. Also, you need to submit your codes (if any). Everything should be submitted on BB in a single zipped file. Data Consider the following fuel cell options: Type Capacity Investment Cost (kW) A 250 B 100 ($/kW) 4000 2500 Operating Energy Lifetime Conversion (hours) (kWh/kgH2) (%) 60,000 50,000 Eff. H2 Fixed Cost O&M Cost ($/kgH2) ($/kW-year) 60 60 33.3 5 40 90 The peak load of the existing system (i.e. year 0) and the next 4 years is expected to be 500 kW. The discount rate is taken to be 6%. The salvage value (before discounting), SV, is modeled using the following formula: SV Inv* (1-a), where PW is the investment cost of the asset, α = 25% is the depreciation rate, and N is the number of years the FC has been in service. Requirements You are required to devise a 5-year plan (years 0-4) (i.e. determine the number and type of fuel cells (FC) that needs to be installed each year such that the levelized cost of energy (LCOE) in $/kWh is minimized and all constraints are met. Also, determine the corresponding LCOE). Consider the following two cases: a. Consider the load to be flat throughout the year at the peak load level. b. Consider the load to have a load factor of 52%.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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