Techno-economic analysis of integrated heat recovery applications for a thermal energy storage system based on an aluminum alloy

Abstract

Throughout this thesis, a techno-economical model was constructed to assess the economic benefit of incorporating an energy storage technology capable of functioning in CHP mode in conjunction with solar power into the energy systems of various applications. The thesis was completed in collaboration with Azelio AB, a Gothenburg-based energy storage company, with the aim of determining the economic worth of the heat generated by their CHP capable energy storage technology, alias the TES.POD. Before more computationally expensive modeling is conducted, the model serves as a preliminary tool for the company to identify potential applications where the TES.POD in a CHP operation may be economically feasible. The methodology was successfully applied in three case studies across different industry sectors.